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 $12.6 billion, the company sells its products under various iconic brands, including SPAM, Skippy, Planters, Jennie-O, and Applegate.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and HRL fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the packaged foods industry. The company is focusing on a "Transform and Modernize" initiative to enhance operational agility and has actively shaped its portfolio through strategic divestitures, including the sale of its whole-bird turkey business, to prioritize high-growth, high-margin global brands.
