Valued at a market cap of $15.6 billion, Hormel Foods Corporation (HRL) develops, processes, and distributes various meat, nuts, and other food products to food service, convenience stores, and commercial customers. The Austin, Minnesota-based company sells its products under more than 30 brands, including HORMEL, SPAM, Jennie-O, Skippy, Planters, and Applegate, to name a few.
Shares of this food processing company have significantly lagged behind the broader market over the past 52 weeks. HRL has declined 1.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.3%. Moreover, on a YTD basis, the stock is down 9.3%, compared to SPX’s 4% rise.
