Goldman Sachs Initiates Coverage on Hormel with a Buy Rating
Hormel Foods Corporation (NYSE:HRL) is one of the Best Dividend Leaders to Buy Now.
On June 23, Goldman Sachs started coverage of Hormel with a Buy rating and set a price target of $35. The firm highlighted the company's 'strong protein demand' as a key reason for its positive view.
A close-up of a hand cutting fresh turkeys, revealing the perishable products of the company.
Goldman also pointed to Hormel's robust packaged food lineup, featuring a variety of brands, price ranges, and options across important protein categories, as the main drivers of its optimistic stance. The firm made the following comment:
'We expect near-term supply reductions in turkey to support our Buy rating on HRL, along with its solid packaged food portfolio, including a recovery in its Planters nut business.'
Hormel Foods Corporation (NYSE:HRL) is a solid dividend company, having raised its dividends for 59 consecutive years. The company currently offers a quarterly dividend of $0.29 per share and has a dividend yield of 3.76%, as of June 23.
While we acknowledge the potential of HRL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: and .
Disclosure. None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Paychex: Fiscal Q4 Earnings Snapshot
ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Wednesday reported fiscal fourth-quarter earnings of $297.2 million. On a per-share basis, the Rochester, New York-based company said it had net income of 82 cents. Earnings, adjusted for one-time gains and costs, came to $1.19 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. The payroll processor and human-resources services provider posted revenue of $1.43 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.41 billion. For the year, the company reported profit of $1.66 billion, or $4.58 per share. Revenue was reported as $5.57 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PAYX at
Yahoo
23 minutes ago
- Yahoo
K-BID.com Surpasses 500,000 Bidders, Cementing Its Status as One of the Nation's Largest Online Auction Platforms
MEDINA, Minn., June 25, 2025 /PRNewswire/ -- In a monumental milestone that reflects years of innovation, trust, and growth, has officially surpassed 500,000 registered bidders, making it one of the largest and most trusted online auction sites in the United States. With this incredible achievement, is not just making headlines - it's redefining the online auction experience. From local estate sales to business liquidations, has built a thriving marketplace where buyers and sellers connect with ease. Every bid placed is a testament to the platform's reliability, simplicity, and value. Surpassing half a million bidders is more than just a number - it's a symbol of trust from individuals and businesses across the country. Why Over 500,000 Bidders Choose Founded on the principles of transparency and accessibility, empowers a growing network of independent auction affiliates to sell items directly to consumers. The platform hosts thousands of auctions annually, offering an incredible range of items - from vehicles and heavy machinery to collectibles, surplus equipment, and everything in between. With user-focused features, robust auction tools, and a commitment to customer service, it's no wonder online auction buyers are flocking to to buy, bid, and save every day. "Crossing the 500,000-bidder mark is a significant milestone," said Jeremy Delgado, Director of Marketing at K-BID. "It reflects the trust our community has placed in us - and we're just getting started." The K-BID Difference What sets apart? It's more than just the volume - it's the experience. Sellers benefit from a dynamic, affiliate-driven model that allows them to tap into local knowledge and national reach. Buyers enjoy an intuitive, transparent bidding process that's fair, efficient, and always exciting. doesn't just sell items - it builds opportunities. Opportunities to find incredible deals. Opportunities to clear out assets quickly and fairly. Opportunities to connect with a half-million-strong community of auction enthusiasts. Join the Movement Whether you're a business looking to liquidate inventory or a savvy buyer hunting for your next great deal, now's the time to see why is the best online auction site to use. With over 500,000 bidders and counting, the K-BID community is waiting for you. Experience it for yourself: Buy, Bid, and Save on Media Contact:Jeremy DelgadoDirector of 763.479.3111 View original content to download multimedia: SOURCE
Yahoo
23 minutes ago
- Yahoo
Apple's Quiet AI Gambit Raises Eyebrows
Apple (NASDAQ:AAPL) has quietly kicked off talks with two buzzy AI startups as it scrambles to bolster its lagging generative-AI chops. First up, former OpenAI CTO Mira Murati's new venture, Thinking Machines Lab, just wrapped a $2 billion fundraising at a $10 billion valuationand Apple held initial meetings to explore a potential tie-up, though those discussions never advanced past the preliminary stage. Around the same time, senior vice president Eddy Cue revealed that Apple's services team has begun exploring an acquisition or partnership with Perplexity AI to infuse generative search into Safari and cut its hefty reliance on Google's (NASDAQ:GOOG) search-ad deal. Thinking Machines Lab boasts reasoning models that rival top U.S. competitors while running at a fraction of the cost, a claim that has lit up investor interest even without a public product. Perplexity AI, meanwhile, has caught Apple's eye with its conversational search interface and might offer Apple a way to deliver more natural, chat-driven results directly within its browser. Neither path is locked inApple's famously cautious M&A culture means both options could stall or pivotbut both moves signal a clear shift in strategy: instead of waiting for a homegrown breakthrough, Apple is hunting for ready-made solutions that can plug into its ecosystem. As every major platform jockeys for an AI edge, Apple's ability to bolt on or buy innovative startups could decide whether Siri and Safari stay relevant or fall further behind. This article first appeared on GuruFocus.
