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Stock Market & Financial Investment News

News For HRL From The Last 14 Days
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July 27, 2015
07:58 EDTHRLHormel Foods reinstated with a Neutral at Credit Suisse
Target $61.
July 13, 2015
16:33 EDTHRLHormel Foods closes Applegate acquisition, sees accretive in 2016
Hormel Foods announced the closing of its acquisition of Applegate Farms,, owner of the Applegate brand. The 2015 annual sales for Applegate are expected to be about $340M. The purchase price is approximately $775M. Including estimated deal costs and fair value adjustments, the deal is projected to be neutral to Hormel Foods earnings per share in fiscal 2015 and accretive by approximately 7c to 8c cents per share in fiscal 2016. Hormel Foods expects this acquisition to be accretive to company growth targets.

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