Austin, Minnesota-based Hormel Foods Corporation (HRL) develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers. Valued at a market cap of $16.6 billion, the company sells its products under various brands, including Planters, Skippy, Spam, Hormel, Natural Choice, Applegate to name a few.
Shares of this food processing company have lagged behind the broader market over the past 52 weeks. HRL has declined 15.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.5%. Moreover, on a YTD basis, the stock is down 3.9%, compared to SPX’s marginal rise.
