Hormel Foods (NYSE:HRL) is a company in transition. It reported a strong second quarter, it just named a new CEO, and its stock still trades near multi-year lows. What Hormel doesHormel makes and sells branded meat and food products through grocery stores, restaurants, and international channels. A new CEO steps inThe company recently named John Ghingo as its next CEO, effective October 26. The Hormel Foundation owns close to half the company and relies on Hormel dividends to fund its operations.