Hormel Foods Recalls Some Contaminated Planters Nuts In Five States
Portfolio Pulse from Vandana Singh
Hormel Foods Corporation (NYSE:HRL) has voluntarily recalled two varieties of Planters nuts in five states due to potential contamination with listeria monocytogenes. The recall affects products shipped to specific retailers and there have been no reported illnesses. The recall is limited to certain packages of Honey Roasted Peanuts and Deluxe Lightly Salted Mixed Nuts. HRL shares were down 1.04% at $34.81 following the announcement.
May 06, 2024 | 5:46 pm
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Hormel Foods Corporation has initiated a recall of two Planters nut products due to potential listeria contamination, affecting shares negatively.
The recall of Planters nuts by Hormel Foods due to potential health risks can lead to short-term negative sentiment among investors, impacting the stock price negatively. The reported 1.04% decrease in HRL shares reflects immediate market reaction to potential financial and reputational damage from the recall.
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