HRL Stock Recent News

Peloton shares rallied on news it is partnering with TikTok, but the stock remains 95% below its 2021 highs. If you are looking for out-of-favor stocks, consumer staple Hormel Foods is probably a safer bet right now.

Inflation remains a challenge for companies with limited pricing power, particularly in sectors such as utilities and consumer staples. Hormel Foods has underperformed in the consumer staples sector, but recent developments indicate potential for improvement and long-term value. The company is focusing on global expansion, operational efficiency, and shareholder value, making it an attractive investment opportunity despite inflation concerns.

Hormel Foods (HRL) continues to operate in a dynamic operating landscape, including sluggish consumer demand, inflationary hurdles and challenges in the International business.

Hormel sells a variety of consumer products in grocery stores, driving the vast majority of its sales. The company's other major source of revenue isn't what many investors expect when they think of Hormel.

Hormel (HRL) reported earnings 30 days ago. What's next for the stock?

Hormel Foods (HRL) continues to operate in a dynamic operating landscape, including sluggish consumer demand and inflationary hurdles.

CTS, CIADY and HRL have been added to the Zacks Rank #5 (Strong Sell) List on December 20, 2023.

The stock market had a strong month, with the S&P experiencing its 18th-best monthly gain since 1950. It's always a market of stocks, not a stock market. World-class companies are always on sale if you know where to look. Hormel Foods Corporation, a legendary dividend king, is facing its worst bear market since the Great Depression. This is the highest yield in 40 years.

U.S. equities gave up early gains in the last hour and ended mixed and little changed, with the S&P 500 falling 0.1%,

A drop in volume and sales at its retail division and lower demand in China hurt results at Hormel Foods (HRL). Shares tumbled to their lowest level in more than eight years.