Hormel Foods stock dividend – Hormel Foods: Aged Dividend King Still Going Strong
January 7, 2024
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Hormel Foods ($NYSE:HRL) is a dividend king with a long history of paying low but steady dividends to shareholders. The company is best known for its iconic SPAM canned meat product, but has recently expanded its portfolio to include other food products as well. For years, Hormel has been a reliable dividend payer, with dividend increases that have outpaced inflation in most years.
However, recently the company has faced some headwinds due to increasing competition and the impact of the coronavirus pandemic on consumer spending habits. As such, Hormel Foods is an ideal stock for investors looking for a steady and reliable income stream.
Dividends – Hormel Foods stock dividend
Hormel Foods is an aged dividend king that is still going strong. This makes it an attractive option for those looking to invest in dividend-paying stocks. Hormel Foods offers a reliable and consistent dividend yield with a long history and a solid performance, making it an ideal investment choice for those interested in dividend stocks.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hormel Foods. More…
| Total Revenues | Net Income | Net Margin |
| 12.11k | 793.57 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hormel Foods. More…
| Operations | Investing | Financing |
| 1.05k | -689.54 | -600.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hormel Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.45k | 5.71k | 14.16 |
Key Ratios Snapshot
Some of the financial key ratios for Hormel Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | -0.2% | 9.0% |
| FCF Margin | ROE | ROA |
| 6.4% | 8.8% | 5.1% |
Price History
On Friday, the company’s stock opened at $32.2 and closed at $32.2, dipping slightly by 0.5% from its previous closing price of $32.3. Despite the small decline, investors remain optimistic about the future of Hormel Foods, as the company has a long history of providing steady yields and increasing dividends. Given its consistent and reliable dividend payments, the aging dividend king appears to be in good shape for years to come. As such, investors looking for a steady and reliable source of income may find Hormel Foods to be an attractive investment option. Live Quote…
Analysis – Hormel Foods Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of HORMEL FOODS’ financials and we believe its fair value of the share to be around $46.7, as calculated by our proprietary Valuation Line. Currently, the stock is trading at $32.2, making it undervalued by 31.0%. This means that investors have an opportunity to purchase the stock at a discounted rate and potentially benefit from capital appreciation when the market corrects itself. We believe that HORMEL FOODS is a solid company with an experienced leadership team, strong balance sheet, and a proven track record of financial success. Therefore, we believe that if investors decide to buy the stock now, they could benefit from significant long-term returns. More…
Peers
In the food industry, Hormel Foods Corp competes with JM Smucker Co, Fleury Michon, and Bell Food Group Ltd. These companies all produce similar products, so the competition is fierce. Hormel Foods Corp has an advantage because it is a well-established company with a strong brand.
– JM Smucker Co ($NYSE:SJM)
The J. M. Smucker Company has a market capitalization of $15.24 billion as of March 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products in North America and internationally. Its products include coffee, peanut butter, shortening and oils, ice cream toppings, fruit spreads, syrups, and frozen desserts. The company was founded in 1879 and is headquartered in Orrville, Ohio.
– Fleury Michon ($LTS:0J75)
Fleury Michon is a French company that specializes in the production of prepared foods. The company has a market cap of 79.9 million as of 2022 and a return on equity of 1.6%. Fleury Michon is a publicly traded company listed on the Euronext Paris stock exchange. The company was founded in 1887 and is headquartered in Vire, France.
– Bell Food Group Ltd ($LTS:0RFX)
BFG Ltd’s market cap is 1.43B as of 2022 and has a ROE of 7.15%. The company is a food group that manufactures and supplies food products. It offers a range of products including meat, poultry, fish, vegetables, and desserts. The company has a strong presence in the UK and Ireland, with a network of over 30 manufacturing sites and a workforce of around 23,000 people.
Summary
It also offers a diversified portfolio of brands, with its largest brands contributing a third of total sales. Hormel’s focus on innovation and cost savings has allowed it to remain competitive in a changing food industry. Analysts continue to be bullish on the stock, expecting long-term growth.
