Latest news with #HormelFoods
Yahoo
an hour ago
- Business
- Yahoo
Hormel Foods Stock: Is HRL Underperforming the Consumer Defensive Sector?
With a market cap of $16.6 billion, Hormel Foods Corporation (HRL) is a leading global manufacturer and marketer of high-quality meat and food products. The company operates through Retail, Foodservice, and International segments, offering a diverse portfolio of perishable and shelf-stable items under more than 30 well-known brands, including SPAM™, SKIPPY™, Planters™, and Jennie-O™. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Hormel Foods fits this criterion perfectly, exceeding the mark. Hormel distributes its products to a broad range of customers worldwide, including foodservice providers, convenience stores, and commercial retailers. 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Dear Tesla Stock Fans, Mark Your Calendars for June 30 Nvidia Is Quickly Approaching a New Record High. Is It Too Late to Buy NVDA Stock? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Shares of the Austin, Minnesota-based company pulled back 11.1% from its 52-week high of $33.80. Shares of Hormel Foods have risen 1.3% over the past three months, slightly outperforming the Consumer Staples Select Sector SPDR Fund's (XLP) marginal gain over the same time frame. Longer term, HRL stock is down 4.2% on a YTD basis, underperforming XLP's 2.3% rise. Moreover, shares of the Skippy peanut butter maker have dipped 1.4% over the past 52 weeks, compared to XLP's 3.4% return over the same time frame. Despite a few fluctuations, the stock has been trading mostly below its 200-day moving average since last year. Shares of Hormel Foods rose 1.1% on May 29 after the company reported Q2 2025 adjusted EPS of $0.35 and revenue of $2.9 billion, meeting Wall Street expectations. Despite a 7% decline in sales volumes in both the retail and foodservice segments due to supply chain challenges and lower raw material shipments, investors were encouraged by the reaffirmed annual organic net sales growth outlook of 2% to 3%. The company also narrowed its full-year adjusted EPS forecast to $1.58 - $1.68, keeping the lower bound intact. In comparison, rival The Kraft Heinz Company (KHC) has lagged behind Hormel Foods stock. Shares of Kraft Heinz have decreased 21.1% over the past 52 weeks and 16.2% on a YTD basis. Despite the stock's underperformance relative to the sector over the past year, analysts are moderately optimistic about its prospects. The stock has a consensus rating of 'Moderate Buy' from the nine analysts covering the stock, and as of writing, HRL is trading below the mean price target of $32.71. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Politics
- Yahoo
Juneteenth Celebration recognizes progress and work still to be done
Jun. 19—It was a celebration with meaning as people came out late Thursday afternoon for a Juneteenth Celebration at Lions Park in Austin. A large group from the public came out to take part in community fun including kids games, music and plenty of food. But it was also a celebration of one of the biggest moments in American history when on June 19, 1865, more than two years after the Emancipation Proclamation, Union soldiers brought word to Galveston, Texas that slaves there were free. According to Bryan Davis in his welcome to those gathered Thursday, that moment in time became a symbol of justice that came late, but also of hope and perseverance. "Juneteenth reminds us that freedom has never been free," said Davis, who is corporate officer for Black Leaders & Allies Advancing Cultural Knowledge (BLAACK) at Hormel Foods as well as co-chair of the Austin Human Rights commission. "It's been earned through generations of struggle, joy, culture and community. And while we celebrate today, we also reflect on the progress still needed in our workplaces, our neighborhoods and our hearts." A fusion of the words June and nineteenth, Juneteenth was recognized as a federal holiday for the first time in 2021 when President Joe Biden signed it into law. However, early versions of the celebration dated back to 1866 with church-centered community gatherings in Texas. "As part of the Hormel family and the Austin community, we're proud to continue the tradition of honoring our history, uplifting our people and creating space to be together," Davis said. "Not just as co-workers or community members, but as humans."
Yahoo
12-06-2025
- Business
- Yahoo
The Smartest Dividend Stocks to Buy With $5,700 Right Now
High interest rates have weighed on Realty Income, making the stock a high-yield bargain. Hormel Foods is poised to continue building on decades of steady performance. Booking Holdings is new to the dividend landscape, but it won't stay under the radar for long. 10 stocks we like better than Realty Income › Buying stocks is especially fun when you're a dividend investor. Every share means more annual dividend income for your portfolio. Any time you can buy a dividend stock for less than you believe it's worth, that's a smart buy. It's subjective, but there are several dividend stocks in the market right now, sitting at compelling prices that make sense for long-term investors. Here are three examples. Even if you don't have $5,700 to spend, it's not a big deal since most brokerage accounts allow you to purchase fractional shares these days. Realty Income (NYSE: O) is one of the best real estate investment trusts (REITs) that you'll come across. The company invests in and leases commercial real estate. Since REITs must pay out at least 90% of their taxable income to shareholders as dividends, they are naturally excellent dividend stocks. Realty Income yields a juicy 5.75% at its current share price, and pays a monthly dividend, something not many companies do. But what makes Realty Income such a good business? Look to its rock-solid fundamentals, including a diverse real estate portfolio, net lease model, and investment-grade balance sheet. The company has managed to raise its dividend for more than 30 consecutive years, despite enduring some of the worst hardships the real estate market has faced, including the COVID-19 pandemic and the 2007-2009 financial crisis. However, the stock is down 29% from its all-time high. Realty Income often uses debt to acquire new properties and grow. Interest rates have continued to rise, which can raise borrowing costs, slow growth, and, consequently, weigh on Realty Income's share price. Trading at just 14 times its funds from operations, Realty Income is a bargain that will likely continue to pay you increasingly more over time. Hormel Foods (NYSE: HRL) offers consistency that few companies can. The Dividend King has increased its payout for 59 consecutive years and has paid dividends for nearly a century without fail. Most known for its Spam brand of canned meat, Hormel owns a portfolio of food and snack brands, including Spam, Jennie-O, Dinty Moore, Applegate, Planters, and Skippy. The stock's 3.8% dividend yield establishes a solid floor for annual investment returns. Plus, you don't grow for generations by accident; the company has demonstrated its ability to adapt to changing consumer tastes and needs over the years. It has launched and acquired brands to shift its portfolio into growing categories, such as healthy and high-protein offerings, as well as snacks. Management aims to grow Hormel's net sales by an average of 2% to 3% annually and operating profits by 5% to 7% annually over the long term. Investors can feel good about the dividend's safety. The payout ratio is manageable at 72% of 2025 earnings estimates, backed by an investment-grade balance sheet. The stock currently trades at 19 times estimated 2025 earnings, a reasonable valuation for a stock with Hormel's combination of dividend yield and resilient mid-single-digit earnings growth. Booking Holdings (NASDAQ: BKNG) is the budget buster on this list with a recent share price around $5,600. But remember, many brokerages allow you to buy fractional shares, so don't pass on this emerging dividend rockstar because of its share price. The company has become a global technology leader in the hospitality and travel industries, with its five primary brands: Priceline, agoda, Kayak, and OpenTable. The stock only began paying a dividend last year, so it may not be on the radar for most dividend investors. That could soon change. Booking Holdings comes packed with dividend growth potential. Its payout ratio is just 18% of the company's 2025 earnings estimates, and analysts expect earnings to grow by an average of 15% annually over the next three to five years. The dividend could grow by leaps and bounds for quite a while. Despite trading near its all-time highs, Booking Holdings offers value at its price. The stock trades at 26 times its 2025 earnings estimates, an attractive valuation given the anticipated mid-teens earnings growth and numerous years of dividend increases ahead. Investors who buy now should see their yield on cost skyrocket from its current 0.7% starting point. Booking Holdings' one-two punch of dividends and capital gains upside makes it a brilliant buy right now. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Booking Holdings and Realty Income. The Motley Fool has a disclosure policy. The Smartest Dividend Stocks to Buy With $5,700 Right Now was originally published by The Motley Fool Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
10-06-2025
- Business
- Yahoo
Why LCI Industries, Hormel Foods, And Genuine Parts Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. LCI Industries, Hormel Foods, and Genuine Parts have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%. LCI Industries (NYSE:LCII) manufactures and supplies engineered components for the manufacturers of recreational vehicles and adjacent industries in the U.S. and internationally. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest Where It Hurts — And Help Millions Heal: LCI Industries has raised dividends every year for the last nine years. In its most recent dividend hike announcement on Nov. 14, the company increased the quarterly payout from $1.05 to $1.15 per share, equaling an annual figure of $4.60 per share. More recently, in its May 15 dividend announcement, the company kept the payout unchanged at that level. Currently, the dividend yield on the stock is 5.22%. The company's annual revenue as of March 31 stood at $3.82 billion. In its Q1 2025 earnings release on May 6, it posted revenues of $1.05 billion and EPS of $2.19, both beating the consensus estimates. Check out this article by Benzinga for four analysts' insights on LCI Industries. Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Hormel Foods Corp. (NYSE:HRL) develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the U.S. and internationally. Hormel Foods has raised its dividends consecutively for the last 59 years. In its most recent dividend hike announcement on Nov. 25, it increased the quarterly payout by 3% to $0.29 per share, equal to an annual figure of $1.16 per share. More recently, in its dividend announcement on May 19, the company maintained the payout at the same level. Currently, the dividend yield is 3.76%. Hormel Foods' annual revenue as of April 30 stood at $11.92 billion. According to its latest earnings release on May 29, the company posted Q2 2025 revenues of $2.90 billion, in line with expectations, while EPS of $0.35 came in above the consensus of $ Parts Co. (NYSE:GPC) distributes automotive and industrial replacement parts. Genuine Parts has increased its dividends every year for the last 69 years. In its most recent dividend hike announcement on Feb. 18, the company raised the quarterly payout by 3% to $1.03 per share, which is equal to an annual figure of $4.12 per share. More recently, in its dividend announcement on April 29, the company maintained the payout at the same level. The dividend yield on the stock currently stands at 3.23%. Genuine Parts' annual revenue as of March 31 stood at $23.57 billion. As per its Q1 2025 earnings release on April 22, the company posted revenues of $5.87 billion and EPS of $1.75, both coming in above the consensus estimates. LCI Industries, Hormel Foods, and Genuine Parts are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities. , which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article Why LCI Industries, Hormel Foods, And Genuine Parts Are Winners For Passive Income originally appeared on Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Mint
09-06-2025
- Business
- Mint
The canned-food aisle is getting squeezed by rising steel tariffs
Soup, black beans and sliced pineapple could all soon become more expensive because of one particular reason: their cans. Cans used for food require tin-coated, ultrathin sheet steel made from molten iron. Not much is produced in the U.S., where domestic producers have been scaling back production for years. The Trump administration's new 50% duty on imported steel could increase store prices for items in steel cans by 9% to 15%, according to the Consumer Brands Association, a trade group whose members include Campbell's, Hormel Foods and Del Monte Foods. At that rate, the price of a can of vegetables costing $2 could increase by 18 cents to 30 cents. 'The American consumer is going to pay more for their cans," said Dan Dietrich, vice president for strategy at Trivium Packaging. President Trump on June 4 doubled the previous 25% tariffs on imported steel, aiming to increase demand for domestic steel by making cheaper, foreign-made metal more expensive. Tariffs are likely to drive up prices for domestic-made steel, too, as U.S. producers raise their own prices. Can manufacturers say they will continue to buy lots of imported tin-coated steel, known as tin-plate—because there isn't enough of it made in the U.S. to supply them. 'I would love nothing more than to allocate more purchases to the United States, but the overall production capacity is not there," said Robert Gatz, general manager of Can Corp. of America, a Pennsylvania-based maker of food cans. Can Corp. produces about one billion food cans annually and specializes in cans for tomatoes. Gatz said the company buys about 12% of its tin-plate from domestic steel mills. Can manufacturers estimate that about three-quarters of tin-plate consumed in the U.S. is foreign-made, with much of it coming from Europe and Canada. Nearly 1.5 million tons of tin-plate were imported last year, about 37% more than in 2015, according to U.S. Census Bureau data. Tin-plate is made with steel derived from molten iron, but most steel in the U.S. is now made from melted scrap, and that doesn't measure up to the can industry's exacting quality standards. Pittsburgh-based U.S. Steel continues to produce tin-plate but has reduced its production volume in recent years. Cleveland-Cliffs, another major steelmaker, no longer produces tin-plate after closing its Weirton, mill last year. Cliffs Chief Executive Lourenco Goncalves said he has no plans to restart Weirton, though he had blamed the plant's closing on a lack of tariffs on imported tin-plate. 'It's done. When the horse leaves the barn, the horse does not come back to the barn," Goncalves told reporters last week. The 25% steel tariff imposed in March by the Trump administration raised the cost of producing filled cans by about 7% to 8%, can companies said. They anticipate that doubling the duty on tin-plate to 50% will boost costs by at least 14%. That higher price will hit canned-food producers. South Carolina-based McCall Farms sells canned green beans, carrots, spinach, sweet potatoes and other vegetables grown in the South. Rising expenses for labor and raw vegetables have already driven up production costs over the past five years, said Thomas Hunter, McCall Farms' co-president. 'The biggest concern we have is that these canned vegetables start getting to a point where the consumers are not willing to purchase them any more," Hunter said. Cans are prized for enabling long shelf lives for vegetables, fruit and other ready-to-eat foods, able to keep for years without spoiling. But can manufacturers worry that higher can costs will discourage their use. Cans on a conveyor belt. Can companies say not enough tin-coated steel is made in the U.S. to meet their needs. The Consumer Brands Association said as many as 20,000 U.S. jobs in food-can manufacturing could be at risk if the tariff on tin-plate causes consumers to shy away from higher-priced canned goods and food companies migrate to alternative packaging. 'We're getting to the tipping point with many customers," said Rick Huether, CEO of Maryland-based Independent Can Co., which produces decorative and specialty cans used for cookies, candy, coffee and popcorn. 'You're just driving them to plastic packaging." Write to Bob Tita at
