Jim Cramer Says Meals Shares Like Hormel Meals Company (HRL) Might Profit From A Merger

We just lately printed 13 Shares That Jim Cramer Mentioned. Hormel Meals Company (NYSE:HRL) is among the shares Jim Cramer just lately mentioned.

Hormel Meals Company (NYSE:HRL) might need been capable of stand up to the losses that the broader meals sector had confronted had it not been for a disastrous 13% share worth drop in August. The shares fell after the agency’s third quarter earnings report, which noticed its third quarter adjusted EPS and midpoint fourth quarter EPS information of $0.35 and $0.39 miss analyst estimates of $0.41 and $0.49. After the earnings report, Cramer defined that Hormel Meals Company (NYSE:HRL) was struggling because the disruption within the US beef business had stripped the agency of its pricing energy. This time, he mentioned the agency within the context of the broader woes of the meals sector as he questioned whether or not a merger may be a means out for Hormel Meals Company (NYSE:HRL) and assist it to decrease prices:

“However the reply is, you are taking out prices, however I believe you need to start the good merger of this sector. You must start the good merger of this sector. You must begin placing collectively large offers, take out large prices. . . .They’ve to simply turn into, this must be like a giant three. It’s over. You possibly can’t develop. . .and perhaps below this administration you would put collectively a Hormel, Pepsi, I don’t know what.”

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