Austin, Minnesota-based Hormel Foods Corporation (HRL) is a leading manufacturer as well as marketer of various meat and food products. It develops and distributes various meat, nuts, and other food products to retail, foodservice, and commercial customers. With a market cap of $16.1 billion, Hormel Foods operates in over 80 countries through its Retail, Foodservice, and International segments.
The packed foods major has substantially underperformed the broader market over the past year. Hormel Foods stock prices have plummeted 8.4% on a YTD basis and 9.6% over the past year lagging behind the S&P 500 Index’s ($SPX) 23.6% gains in 2024 and 30.6% returns over the past 52 weeks.
