With a market cap of $15.6 billion, Hormel Foods Corporation (HRL) is a global branded food company that develops, processes, and markets a wide range of meat, nut, and food products. With a portfolio of iconic brands such as Planters™, SKIPPY™, SPAM™, Hormel™, Applegate™, and Jennie-O™, the company serves retail, foodservice, and international markets.
Shares of the Austin, Minnesota-based company have underperformed the broader market over the past 52 weeks. HRL stock has dropped 12.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.1%. Moreover, shares of the company are down 9.9% on a YTD basis, compared to SPX’s 9.7% rise.
