1 Consumer Goods Giant's Smart Sale

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.

Make sure you start 2013 with a bang. and get the inside scoop on what Motley Fool Superinvestor David Gardner will be buying this year. He's crushed the market in his Stock Advisor and Rulebreakers portfolios for years, and now I invite you on a personal tour of his flagship stock picking service: Supernova. Just click here now for instant access.

Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 04, 2013, at 11:29 AM, TMFPennyWise wrote:

    Saw the CEO of Hormel on Cramer last night. Just to clarify some of your points:

    He said Skippy's 'natural' peanut butter is the fastest growing of all 'natural' brands, Also, Hormel is acquiring Skippy because Skippy is already the most popular peanut butter in China and Hormel hopes to piggy back its packaged meats distribution with the already widely distributed Skippy products. Hormel has 2 facilities in China already to jump start this plan.

    Hormel also wants Skippy for its 'center of the grocery store' presence in domestic stores. The company hopes that the Skippy acquisition will enable it to increase products offered in the peanut butter aisle.

    Hormel paid cash for the acquisition and has more in the bank and no debt. They look forward to the synergy the Skippy buy will result.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2178150, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:36:11 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
CAG $43.55 Down -0.04 -0.09%
ConAgra Foods CAPS Rating: ****
HRL $37.87 Up +0.12 +0.32%
Hormel Foods CAPS Rating: ***
PG $87.76 Down -1.23 -1.38%
Procter and Gamble CAPS Rating: ****
UN $46.10 Down -0.34 -0.73%
Unilever CAPS Rating: ****