Hormel Foods Corp (HRL)

Operator: Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation First Quarter Earnings Conference Call.

On February 11, Stephens trimmed its price recommendation on Hormel Foods Corporation (NYSE:HRL) to $25 from $27. It maintained an Equal Weight rating on the stock.

Dividend stocks have lagged the broader market recently. However, there are hints that this stretch of underperformance may be losing momentum.

We came across a bullish thesis on Hormel Foods Corporation on Phaetrix Investing’s Substack by Phaetrix. In this article, we will summarize the bulls’ thesis on HRL.

On December 9, Barclays lowered its price target on Hormel Foods Corporation (NYSE:HRL) to $30 from $31 while keeping an Overweight rating.

A clear example is the S&P 500 Dividend Aristocrats Index, which tracks companies that have raised their dividends every year for at least 25 years.

On December 9, Barclays cut its price target on Hormel Foods Corporation (NYSE:HRL) to $31 from $30 as it outlined its view for the Americas agribusiness sector.

Large companies usually operate across a wider range of businesses than smaller ones, which can smooth out results over time, helping earnings and revenue hold up better from one year to the next.

On December 5, Piper Sandler analyst Michael Lavery raised the firm’s price target on Hormel Foods Corporation (NYSE:HRL) to $26 from $25 and kept a Neutral rating.