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 $13.2 billion by market cap, the company markets its products around the world under a variety of branded names like HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BLACK LABEL, BURKE, CAFÉ H, CHI-CHI'S, and more.
Shares of this diversified food giant have underperformed the broader market over the past year. HRL has declined 17.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 14.4%. In 2026, MKC stock is up 1.1%, compared to the SPX’s 1.4% rise on a YTD basis.
