Hormel Foods Corporation (HRL): Today's Featured Food & Beverage Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 0.5%. By the end of trading, Hormel Foods Corporation rose $0.80 (1.9%) to $42.24 on average volume. Throughout the day, 861,797 shares of Hormel Foods Corporation exchanged hands as compared to its average daily volume of 901,000 shares. The stock ranged in a price between $41.94-$42.65 after having opened the day at $42.06 as compared to the previous trading day's close of $41.44. Other companies within the Food & Beverage industry that increased today were:
(
), up 7.2%,
(
), up 2.8%,
(
), up 2.2% and
(
), up 1.9%.
Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. Hormel Foods Corporation has a market cap of $10.9 billion and is part of the consumer goods sector. Shares are up 32.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Hormel Foods Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Hormel Foods Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Hormel Foods Corporation Ratings Report.
On the negative front,
(
), down 5.1%,
(
), down 4.8%,
(
), down 4.4% and
(
), down 3.4% , were all laggards within the food & beverage industry with
(
) being today's food & beverage industry laggard.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
PowerShares Dynamic Food & Beverage
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
- Find other investment ideas from our top rated ETFs lists.
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