Trade-Ideas: Hormel Foods (HRL) Is Today's Post-Market Leader Stock

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.

Trade-Ideas LLC identified Hormel Foods ( HRL) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Hormel Foods as such a stock due to the following factors:

  • HRL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.1 million.
  • HRL is up 2.5% today from today's close.

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More details on HRL:

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The stock currently has a dividend yield of 1.8%. HRL has a PE ratio of 23. Currently there are 3 analysts that rate Hormel Foods a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Hormel Foods has been 846,500 shares per day over the past 30 days. Hormel has a market cap of $15.0 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.01 and a short float of 3.2% with 4.01 days to cover. Shares are up 9.2% year-to-date as of the close of trading on Friday.

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