Hormel Foods Corporation (HRL)
Consumer Staples3 articles
Price chart
Hormel Foods Corporation (HRL) overview
Hormel Foods is a packaged-meats company behind Spam and Skippy. It is a member of the S&P 500 and is classified in the Consumer Staples sector — food, beverage and household-goods companies that tend to hold up in any economy.
Hormel Foods Corporation trades on the NYSE under the ticker symbol HRL. As of the most recent market data, the stock was priced around $25.39, down 1.24% on the session.
Over the past 52 weeks, HRL has traded between $19.70 and $29.78. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 30.2, a common gauge of how richly the market prices the company's earnings. Hormel Foods Corporation also pays a dividend, currently yielding around 4.55%.
Key statistics
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Why investors watch HRL
As one of the larger companies in the Consumer Staples sector, Hormel Foods Corporation is closely followed by investors and often moves with broader trends across food, beverage and household-goods companies that tend to hold up in any economy. Traders watch HRL for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest HRL news
Hormel Foods (HRL) Sells Brazilian Operations for Strategic Focus
Hormel Foods (HRL) announced the sale of its Brazilian operations to Zanchetta Alimentos. This transaction allows Hormel to concentrate on core markets and streamline its product offerings. The financial terms of the deal were not disclosed. This strategic move is expected to enhance Hormel's operational efficiency and focus on expanding its presence in key markets, which could potentially influence its stock performance in the future.
Read More: Hormel Foods (HRL) Sells Brazilian Operations for Strategic Focus
UPS (NYSE: UPS) and HRL (NYSE: HRL) Dividend Yields Near 6.5%
United Parcel Service (UPS) shares are currently 50% below their 2022 high and focus on improving profit margins by moving away from low-margin customers like Amazon (AMZN). The company's U.S. revenue per piece is growing, and it plans to continue its 6.5% dividend yield as management anticipates a turnaround by the second half of 2026. Hormel Foods (HRL) shares are down 60% from their 2022 high, but organic growth is showing improvement, and it maintains a 5.6% dividend yield. Both companies are positioned to weather economic uncertainties with sustainable income streams.
Read More: UPS (NYSE: UPS) and HRL (NYSE: HRL) Dividend Yields Near 6.5%
Post Holdings (POST) and 6 Cheap Stocks for $1,000 Investment
In a volatile market, companies like Post Holdings (POST), Utz Brands (UTZ), and Hormel Foods (HRL) are highlighted as potential investment opportunities. Each company has unique strengths: POST focuses on both branded cereals and foodservice stability, while UTZ is streamlining its portfolio to enhance performance. Hormel Foods (HRL) boasts a history as a 'Dividend King,' with 60 consecutive years of dividend increases. These stocks may offer resilience and potential growth, presenting attractive entry points for investors with a long-term outlook amidst market fluctuations.
Read More: Post Holdings (POST) and 6 Cheap Stocks for $1,000 InvestmentMore Consumer Staples stocks
Frequently asked questions
Is Hormel Foods Corporation in the S&P 500?
Yes. Hormel Foods Corporation (HRL) is a member of the S&P 500 index, classified in the Consumer Staples sector.
What sector is HRL in?
Hormel Foods Corporation is classified in the Consumer Staples sector of the S&P 500 — food, beverage and household-goods companies that tend to hold up in any economy.
Where can I find the latest HRL news?
This page collects recent Hormel Foods Corporation (HRL) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Hormel Foods Corporation's stock price?
As of the most recent market data, Hormel Foods Corporation (HRL) traded at approximately $25.39. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is HRL's P/E ratio?
HRL trades at a trailing price-to-earnings ratio of about 30.2. The P/E ratio compares a company's share price to its earnings per share.