Hormel Foods Corporation (HRL): Today's Featured Food & Beverage Laggard

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.

Hormel Foods Corporation ( HRL) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Hormel Foods Corporation fell $0.55 (-1.1%) to $47.31 on average volume. Throughout the day, 886,641 shares of Hormel Foods Corporation exchanged hands as compared to its average daily volume of 788,100 shares. The stock ranged in price between $47.25-$47.99 after having opened the day at $47.99 as compared to the previous trading day's close of $47.86. Other companies within the Food & Beverage industry that declined today were: Origin Agritech ( SEED), down 14.8%, Agria Corporation ( GRO), down 10.7%, Amira Nature Foods ( ANFI), down 5.7% and Crumbs Bake Shop ( CRMB), down 4.8%.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. 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 $12.6 billion and is part of the consumer goods sector. Shares are up 5.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Hormel Foods Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Hormel Foods Corporation as a buy. 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, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Castle Brands Incorporated ( ROX), up 23.4%, China New Borun Corporation ( BORN), up 12.0%, S&W Seed Company ( SANW), up 5.3% and SkyPeople Fruit Juice ( SPU), up 4.8% , were all gainers within the food & beverage industry with Bunge ( BG) being today's featured food & beverage industry leader.

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 ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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