|Bid||0.00 x 900|
|Ask||0.00 x 2900|
|Day's range||38.98 - 39.34|
|52-week range||37.78 - 55.11|
|Beta (5Y monthly)||0.18|
|PE ratio (TTM)||24.13|
|Earnings date||31 May 2023 - 05 Jun 2023|
|Forward dividend & yield||1.10 (2.47%)|
|Ex-dividend date||13 Jan 2023|
|1y target est||46.24|
The food maker is dealing with some company-specific headwinds, but history suggests it will come out on top.
The economy is cyclical, and if you go in knowing that, you can create a balance and focus that will survive the swings.
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.