-- Sunday, July 18, 2021, 18:16 --
Company Profile: |
Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota. |
Recent News: |
On June 7, 2021, the company announced the closing of its acquisition of the Planters snacking portfolio from the Kraft Heinz Company (Nasdaq: KHC). The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, as well as three production facilities. |
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Fundamental Analysis: |
Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency. |
Growth – Measures the growth of both the company’s income statement and cash flow. @@@@@ |
Profitability – Measures the historical price movement of the stock. @@@@@ |
Solvency – Measures the solvency of the company based on several ratios. @@@@@ |
Efficiency – Measures the strength and historic growth of a company’s return on invested capital. @@@@@ |
Conclusion: |
HRL’s strengths can be seen in its better profitability, strong solvency and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 56.13 with positive bias. We rate Hormel Foods Corp (HRL) a STRONG BUY. |