Hormel Foods Corporation (NYSE:HRL) traded today at a new 52-week high of $52.81. This new high was reached on below average trading volume as 504,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
Hormel Foods Corporation share prices have moved between a 52-week high of $52.81 and a 52-week low of $40.48 and are now trading 30% above that low price at $52.81 per share.
Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company’s revenue is U.S.-based: 64% U.S. retail, 28% U.S. food service, and 8% international. By product type, in fiscal 2021, 23% of revenue was shelf-stable foods, 18% was poultry (branded and commodity), 55% was other perishable food, and 3% was other, primarily nutritional products. The company holds the number-one market position in shelf-stable meat, shelf-stable ready meals, pepperoni, natural/organic deli meat, and guacamole and the number-two position in turkey, bacon, chilled ready meals, and peanut butter.
Hormel Foods Corporation (NYSE:HRL) defies analysts with a current price ($52.81) 3.8% above its average consensus price target of $50.80.
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