Hormel Foods: A Wait And See Approach For This Dividend King [Seeking Alpha]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.hormelfoods.com
Company Research
Source: Seeking Alpha
Despite its slow growth in recent years, Hormel's balance sheet is in a better position than many other food giants. Hormel's expenses have been rising faster than revenue, impacting margins and profitability over the last decade. The current valuation of Hormel doesn't offer much upside potential for investors. Investment Thesis Looking at where Hormel Foods Corporation ( NYSE: HRL ) is now and considering where I believe it will be in the next few years, I believe the company is a hold. The company, while performing better than some of its competitors, has seen continued margin declines over the past five to ten years, which has negatively impacted the bottom line and caused its payout ratio to steadily increase. With that in mind, and considering the current valuation, the company doesn't appear to offer much upside, and therefore I assign a hold rating. Introduction As I continue my investing journey, my mind is set on achieving financial freedom in some form. With th
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HRL
News
- Hormel Foods Corporation Declares Quarterly DividendPR Newswire
- MegaMex Foods Debuts HERDEZ® Quemada Charred Salsas [Yahoo! Finance]Yahoo! Finance
- MegaMex Foods Debuts HERDEZ® Quemada Charred SalsasPR Newswire
- Iconic SKIPPY® Peanut Butter Brand Makes Long-Awaited Return to Canada [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President, External Affairs & General Counsel [Yahoo! Finance]Yahoo! Finance
HRL
Earnings
- 2/29/24 - Beat
HRL
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- HRL's page on the SEC website