The following video is from Thursday's MarketFoolery podcast in which host Chris Hill, as well as analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.

In this segment, Hormel Foods (NYSE:HRL) has hit an all-time high today after announcing it will be purchasing Skippy brand peanut butter. The guys discuss some of the other well-known foods that Hormel makes, and whether peanut butter fits with its roster. They also discuss whether this could be a threat to the number one top dog in the peanut butter market, and how Hormel could be looking for growth in China with this move.

Chris Hill has no positions in the stocks mentioned above. Jason Moser has no positions in the stocks mentioned above. Joe Magyer owns shares of The Procter & Gamble Company. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Procter & Gamble Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.