Latest news with #alternative meat
Yahoo
4 days ago
- Business
- Yahoo
Kroger (KR) Boosts Quarterly Dividend to $0.35, Marks 19th Year of Increases
The Kroger Co. (NYSE:KR) is one of the best alternative meat stocks to invest in according to analysts. On June 26, the company declared a dividend of 35 cents per share, up from 32 cents per share in the previous payment. This translates to an annual dividend increase from $1.28 to $1.40 per share. All shareholders of record as of August 15, 2025, will receive the payment on September 1, 2025. Susan Montgomery/ This payment marks Kroger's 19th consecutive year of dividend increases since the dividend was reinstated in 2006. Over this period, the quarterly dividend has grown at a 13% compounded annual growth rate. Kroger's Chairman and CEO, Ron Sargent, stated: 'This dividend increase reflects the Board of Directors' confidence in the consistency of our operating performance, strength of our free cash flow generation, and our commitment to deliver long-term shareholder value.' The company expects adjusted free cash flow of $2.8 billion to $3 billion for fiscal 2025. This strong cash flow generation was highlighted as a key factor enabling the increase. Additionally, the company stated that its capital allocation strategy focuses on utilizing free cash flow to drive long-term, sustainable earnings growth, maintain an investment-grade debt rating, and return capital to shareholders through dividends and share repurchases. The Kroger Co. (NYSE:KR) is one of the largest supermarket operators in the US, serving over 11 million customers daily through 2,700+ stores and a robust private-label portfolio. Simple Truth, Kroger's flagship natural and organic brand, launched its Plant-Based collection in 2019, featuring items such as vegan burger patties, grinds, deli slices, cookie dough, sauces, dips, and sour cream. In January 2020, the company introduced Simple Truth Emerge, a line of fresh, plant-based meats—burger patties and grinds—positioned in the meat case, delivering approximately 20 g of pea protein per serving. While we acknowledge the potential of KR 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: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Hormel Foods (HRL) Appoints Jeffrey Ettinger as Interim CEO, John Ghingo as President
Hormel Foods Corporation (NYSE:HRL) is one of the best alternative meat stocks to invest in according to analysts. On June 23, the company announced the appointment of Jeffrey M. Ettinger as interim CEO and John Ghingo as President. Ghingo's promotion makes him the 11th individual to hold this position in the company's nearly 135-year history. He will also join the Hormel Foods board of directors. For Ettinger, he is a serving member of the board, and his new role will last for 15 months. Both appointments became effective on July 14, 2025. A busy supermarket with shelves full of packaged foods. As President, Ghingo will directly oversee the company's Retail, Foodservice, and International business segments. He will also be responsible for the company's global operations, supply chain, research and development, and corporate strategy functions. On the other hand, Ettinger will oversee corporate functions, including finance, legal and external affairs, human resources, corporate communications, and ethics and compliance. The company said that the leadership changes follow the planned retirement of current President and CEO Jim Snee. Meanwhile, the Hormel Foods CEO search committee has been dissolved, with the board planning to install a permanent CEO in October 2026. Hormel Foods Corporation (NYSE:HRL) is a global branded food company known for its protein-centric products, including turkey, pork, and plant-based offerings. The company owns Applegate, a brand that has actively explored alternative proteins and sustainable meat solutions. Applegate has partnered with food tech firms and invested in clean-label innovations that support the development of cultured meat. 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: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Sysco (SYY) Partners with MICHELIN Guide for 2025 California Ceremony
Sysco Corporation (NYSE:SYY) is one of the best alternative meat stocks to invest in according to analysts. On July 21, Sysco Corporation opened its second Sysco To Go retail outlet in Houston's vibrant business district, targeting food trucks, caterers, and independent restaurants. A friendly grocery store team stocking shelves with foodservice products. The store offers flexible purchasing with no order minimums and same-day access to fresh, high-quality expansion underscores Sysco's commitment to supporting small foodservice businesses by making premium ingredients more accessible and convenient. Sysco Corporation (NYSE:SYY) is the world's largest foodservice distributor. It serves over 600,000 customer locations across various sectors, including restaurants, healthcare, education, and hospitality. Sysco has expanded its offerings through its Sysco Simply product line, which features vegan burger patties, meatless meatballs, pulled oats, and dairy-free alternatives. Additionally, its Cutting Edge Solutions platform brings innovative plant-based items to market, including protein-rich oat-based meats and chef-ready vegan options. While we acknowledge the potential of SYY 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: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
BofA Securities Raises Kraft Heinz (KHC) Price Target to $29 Amid Potential Spin-Off
The Kraft Heinz Company (NASDAQ:KHC) is one of the best alternative meat stocks to invest in according to analysts. On July 14, BofA Securities reaffirmed its Underperform rating and $29 price target for KHC, despite reports that the company may split into two units—grocery and sauces/spreads. rmnoa357 / The proposed split would follow recent board changes aimed at boosting shareholder value, with the grocery unit accounting for 55% of sales ($14B) and the Taste Elevation division contributing the remaining 45% ($11B). Key brands in the grocery unit would include Kraft, Oscar Mayer, and Lunchables, while the Taste Elevation arm would feature Heinz and Philadelphia. The Kraft Heinz Company (NASDAQ:KHC) is a multinational food and beverage manufacturer with well-known brands, including Oscar Mayer and Kraft. In 2022, it partnered with NotCo, a Chilean food tech company, to form The Kraft Heinz Not Company, a joint venture focused on leveraging AI to develop plant-based and alternative protein products. The partnership includes plans to explore advanced technologies that intersect with lab-grown meat innovation. While we acknowledge the potential of KHC 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: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Ferrero Group to Acquire Kellanova's (K) Sister Company WK Kellogg for $3.1 Billion
Kellanova (NYSE:K) is one of the best alternative meat stocks to invest in according to analysts. On July 22, the company announced that it is on track to eliminate FD&C synthetic colors from all U.S. products by the end of 2027, with school foods transitioning by the 2026–2027 academic year. Already, 80% of its retail items and 95% of K-12 offerings are free of these additives, reflecting strong progress in its clean-label initiative. The company has revamped key product lines like Eggo, Nutri-Grain, RXBAR, and Morningstar Farms to exclude artificial colors. For remaining items, Kellanova is actively exploring natural alternatives that preserve taste and texture, reinforcing its commitment to healthier ingredients without compromising quality. Kellanova (NYSE:K) is a global snacking and frozen foods company. It was formed in 2023 following the split of the Kellogg Company. Through its MorningStar Farms division, the company offers alternative meat products, including Chik'n nuggets & tenders, burgers, sausage & bacon-style strips, corn dogs, and other familiar meat-style products. It launched the Incogmeato line in 2019 to deliver refrigerated and frozen plant-based burgers, bratwurst, Italian sausage, and Chik'n items that mimic the texture of meat. While we acknowledge the potential of K 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: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
