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Down 15% This Year, Is This Dividend King Still a Buy?

Down 15% This Year, Is This Dividend King Still a Buy?

Shares of the consumer staple company Hormel Foods (NYSE: HRL) have shed 15% of their value thus far for the year. Let's look at Hormel's fundamentals and valuation to get an answer. More than 40 of the company's brands are ranked No. 1 or No. 2 in their respective categories, which is a testament to the brand power of Hormel's product portfolio.