Safeway Surpasses Analyst Estimates and 3 Stocks Hitting 52-Week Highs
Hormel Foods Corporation (NYSE:HRL): Closing price $36.51
The corporation’s Refrigerated Foods segment is currently seeing weaker pork operating margins and challenges in live hog production operations, though those factors should slowly improve. Hormel continues to anticipate modest accretion from the Skippy purchase in fiscal 2013, but note that one-time transaction and transition costs connected to the acquisition will occur primarily in the second quarter. Shares closed up 1.08 percent on the day at $36.51 and have been traded in a 52-week range of $27.28 to $36.72.