NEW YORK (TheStreet) -- Shares of Hormel Foods (HRL) are higher by roughly 5%, following a top- and bottom-line earnings beat. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a closer look.
On CNBC's "Cramer's Mad Dash" segment, he points out that refrigerated foods, such as bacon and Jennie-O Turkey, are performing well for the company as input costs drop.
Input costs are falling in part because of declining raw material costs, like lower grain prices, Cramer explained.
Hormel has a great dividend, is a fabulously well-run company and finds a way to deliver favorable results even when conditions are unfavorable, Cramer concluded.
- - Written by Bret Kenwell in Petoskey, Mich.