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Hormel Foods (HRL) Stock Soaring After-Hours on Applegate Farms Acquisition
2015-05-27 00:18:59| Food - Topix.net
The acquisition allows the maker of Spam a secure position in the organic meats category, The Wall Street Journal reports. "A growing number of consumers are choosing natural and organic products.
Tags: stock
acquisition
foods
farms
The Wall Street Journal: Hormel to buy organic meat maker Applegate for $775 million
2015-05-27 00:18:58| Food - Topix.net
Hormel Foods Corp. agreed to buy Applegate Farms LLC for about $775 million, a move that would give the maker of Spam a foothold in the organic-meats category. paid $7.7 billion for Hillshire Brands Co., which makes Jimmy Dean sausages, and Post Holdings Inc. bought egg and dairy-goods company Michael Foods Group Inc. A change in consumer eating habits is underpinning consolidation in the sector.
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street
journal
million
Hormel to buy privately-held Applegate Farms for about $775 million
2015-05-26 23:15:50| Food - Topix.net
Hormel said it expects the deal to be neutral to its 2015 per-share earnings, but to add 7 cents to 8 cents a share to its 2016 earnings. Bridgewater, NJ.-based Applegate is a leading brand in the natural and organic prepared foods sector.
Tags: buy
million
farms
applegate
Deutsche Bank Reaffirms Hold Rating for Hormel Foods Corp
2015-05-24 06:35:54| Food - Topix.net
's stock had its "hold" rating restated by equities researchers at Deutsche Bank in a research report issued on Saturday. They currently have a $56.00 target price on the stock, up from their previous target price of $55.00.
Record Second Quarter Earnings for Hormel Foods
2015-05-22 02:00:00| ThePigSite - Industry News
US - Meat product manufacturer Hormel Foods has reported record performance for the fiscal year 2015 second quarter.
Tags: record
quarter
foods
earnings
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