NEW YORK ( TheStreet) -- Hormel Foods Corporation (NYSE: HRL) hit a new 52-week high Wednesday as it traded at $26.14 compared with its previous 52-Week high of $26.14. Hormel is changing hands at $26.14 with 158,675 shares traded as of 10:16 a.m. ET. Average volume has been 923,900 shares over the past 30 days. Hormel has a market cap of $3.4 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 0.9% year to date as of the close of trading on Tuesday. Hormel Foods Corporation, together with its subsidiaries, produces and markets various meat and food products in the United States and Internationally. It offers meat products, including fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 17.7, above the average food & beverage industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.