US4404521001 - Common Stock
30.28 +0.54 (+1.82%)
After market: 30.18 -0.1 (-0.33%)
HORMEL FOODS CORP
NYSE:HRL (2/22/2024, 7:04:00 PM)After market: 30.18 -0.1 (-0.33%)
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Hormel Foods Corp. engages in the production of meat and food products. The company is headquartered in Austin, Minnesota and currently employs 20,000 full-time employees. The firm develops, processes, and distributes a range of food products in a variety of markets. The firm operates through three segments: Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment is primarily engaged in the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment processes, markets, and sells its products internationally. Its products include Hormel Black Label bacon, Columbus charcuterie, Hormel chili, Hormel pepperoni, Applegate breaded chicken, Herdez products, Hormel Square Table entrees, Cafe H sliced meats, Austin Blues sliced meats and Mary Kitchen hash.
HORMEL FOODS CORP
1 Hormel Pl
Austin MINNESOTA 55912
CEO: JAMES P. SNEE
Hormel (HRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why the dividend investor may take a look at HORMEL FOODS CORP (NYSE:HRL).
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I believe the options market is underpricing the possibility of a downside surprise following earnings coming up in Hormel Foods $HRL. So we’re going place a long-shot bet that will pay gluttonously if we’re right.
Each of these dividend stocks has been down sharply in the last 12 months but has fundamental reasons that support a turnaround.
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