Hormel Foods (NYSE:HRL) 株価情報

Hormel Foods

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Hormel Foods Corp

News

Hormel Foods Exec Says Will Take Pricing Actions On Turkey Products After Turkey Illness, Supply Chain Pressures

Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher in the premarket session on Thursday.</a>
The company reported <a href="https://s204.q4cdn.com/636391999/files/doc_earnings/2025/q1/earnings-result/hormel-earnings-release-q4-2024.pdf" target="_blank" rel="noreferrer noopener">first-quarter</a> adjusted earnings per share of 35 cents, missing the street view of 38 cents. Quarterly sales of $2.99 billion outpaced the analyst consensus estimate of $2.93 billion. Net sales fell 0.2% year over year, while organic sales rose by 1%.
Adjusted operating margin in the quarter under review contracted to 8.5% from 9.8%. Gross profit in the quarter under review decreased to $475.232 million from $508.733 million a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/02/44000386/trump-shuts-down-chevrons-venezuela-oil-permit-tightening-pressure-on-maduro-regime-crude-oil-prices-rise-on-supply-concerns" rel="noreferrer noopener">Trump Shuts Down Chevron&#8217;s Venezuela Oil Permit, Tightening Pressure On Maduro Regime: Crude Oil Prices Rise On Supply Concerns</a>
&#8220;In Retail, flagship and rising brands such as SPAM, Applegate, Hormel Black Label, and Jennie-O grew volume while gaining share in their respective categories,&#8221; said Jim Snee, president and chief executive officer.
&#8220;We are pleased with the significant, sequential market recovery&nbsp;the&nbsp;Planters&nbsp;business delivered in the&nbsp;first quarter&nbsp;and expect continued improvements from the brand. However, as anticipated, the&nbsp;first quarter&nbsp;was pressured as we continued to recover from the snack nuts supply disruption and lapped a full year of whole bird turkey market compression,&#8221; said Snee.&nbsp;
Hormel Foods exited the quarter with cash and equivalents worth $866.4 million, while long-term debt (less current maturities) contracted slightly to $2.850 billion.
Outlook: Hormel Foods reiterated FY25 revenue outlook between $11.9 billion and $12.2 billion, compared with the $12.08 billion estimate. The company expects adjusted EPS to range from $1.58 to $1.72, <a href="https://www.benzinga.com/calendars/guidance">compared to the $1.64 estimate.</a>
Price Action: HRL shares are trading higher by 1.01% to $29.02 premarket at last check Thursday.
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Image via Shutterstock.

Earnings

Equities

Guidance

Markets

Movers

General

Hormel Foods Q1 Earnings: Organic Sales Edge Higher, EPS Misses, FY25 Outlook Intact And More

Hormel Foods Sees FY25 Revenue Of $11.9B - $12.2B Vs. $12.39B Est; Adj EPS Of $1.58 - $1.72 Vs. $1.8 Est.

U.S. stock futures rose on Thursday following yet another mixed close on Wednesday. Futures all four benchmark indices advanced in premarket trading.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) beat earnings expectations and Jensen Huang said that the chipmaker was successfully ramping up the massive-scale production of Blackwell AI supercomputers. Data center revenue hit a record level again in the fourth quarter.
Meanwhile, President Donald Trump stated that tariffs, including a 25% levy on automobiles, would be imposed on goods from the EU. Additionally, tariffs on goods from Mexico and Canada will commence on April 2nd.
The 10-year Treasury yield stood at 4.31%, while the two-year yield was at 4.11%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 97.5% chance that the Federal Reserve will keep interest rates unchanged for the March meeting. 
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<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.64%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.56%</td>
</tr>
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<td>Dow Jones</td>
<td>0.27%</td>
</tr>
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<td>Russell 2000</td>
<td>0.74%</td>
</tr>
</tbody>
</table>
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The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. SPY was up 0.55% to $597.80, and QQQ advanced 0.60% to $517.63, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a> data.
Cues From The Last Session
Information technology, utilities, communication services, and industrials were the only sectors that closed higher in trade on Wednesday, whereas consumer staples, health care, and real estate fell the most.
The stocks settled on a mixed note despite the S&amp;P 500 breaking its three-day losing streak as Dow Jones fell on Wednesday.
On the economic front, new home sales plummeted 10.5% in January to 657,000, according to the U.S. Census Bureau, signaling continued weakness in the 2025 housing market. This represents a 1.1% year-over-year decline.
Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) reported a mixed quarter, whereas Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) exceeded analyst expectations.
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<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>0.26%</td>
<td>19,075.26</td>
</tr>
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<td>S&amp;P 500</td>
<td>0.014%</td>
<td>5,956.06</td>
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<td>Dow Jones</td>
<td>-0.43%</td>
<td>43,433.12</td>
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<td>Russell 2000</td>
<td>0.19%</td>
<td>2,174.17</td>
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Insights From Analysts
&#8220;This is still a bull market and this seasonal weakness doesn't have us overly concerned yet,&#8221; said Ryan Detrick, the chief market strategist at Carson Group in his note titled &#8216;That Escalated Quickly&#8217;.
He also highlighted a list of reasons substantiating the reasons for stocks to be back at new highs.
<ul>
<li>Strong earnings, revenue, and profit margins.</li>
<li>Market resilience amidst widespread concerns.</li>
<li>A relatively young bull market with potential for further growth. A robust labor market with healthy wages.</li>
<li>Anticipated inflation improvement and potential Fed rate cuts.</li>
<li>Strong U.S. productivity driving economic growth.</li>
<li>Broadening market participation beyond just tech stocks.</li>
</ul>
Similarly, the analysts at BlackRock said, &#8220;We still think U.S. equities can outperform in 2025, led by tech, even as Europe's start the year strong.&#8221;
However, they said that they would broaden the risk-on view, upgrading Europe stocks.
BlackRock&#8217;s note highlighted that the U.S. could still reclaim leadership this year and that is why they were overweight U.S. stocks. The corporate earnings strength and the artificial intelligence theme aided their belief. But the note stated, &#8220;We turn more underweight long-term U.S. Treasuries&#8221;
As Nvidia was trading 0.82% higher in premarket on Thursday after good earnings on Wednesday, CNBC&#8217;s Jim Cramer said that this was &#8220;a sign that no one knows how to value amazing earnings&#8221;.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The tight trading in Nvidia is more of a sign that no one knows how to value amazing earnings than it is that there is something wrong.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1895049690330136868?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Thursday:
<ul>
<li>Initial jobless claims data till the week ended Feb. 22, January's durable-goods orders data, and GDP's second reading will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Kansas City Fed President Jeff Schmid speaks will speak at 9:15 a.m., ET.</li>
</ul>
<ul>
<li>Pending home sales data for January will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Michelle Bowman will speak at 11:45 a.m., ET.</li>
</ul>
<ul>
<li>Philadelphia Fed President Patrick Harker will speak at 3:15 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>JM Smucker Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) rose 2.09% in the premarket on Thursday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $2.37 per share, with a revenue of $2.23 billion.</li>
</ul>
<ul>
<li>Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) was up 1.29% as Wall Street expects it to report quarterly earnings of 38 cents per share on revenue of $2.94 billion before the opening bell.</li>
</ul>
<ul>
<li>Bath &amp; Body Works Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) jumped 2.48% as it was expected to release its fourth-quarter financial results before the opening bell. Analysts projected earnings at $2.04 per share on the revenue of $2.78 billion.</li>
</ul>
<ul>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) advanced 1.95% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report earnings of $2.52 per share on revenue of $24.57 billion</li>
</ul>
<ul>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) was 1.24% higher as Wall Street expects it to report quarterly earnings of 74 cents per share on revenue of $13.36 billion after the closing bell.</li>
</ul>
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 0.82% after it reported better-than-expected fourth-quarter and full-year results.</li>
</ul>
<ul>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) declined 4.67% after a mixed quarter and weak outlook for fiscal year 2026.</li>
</ul>
<ul>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) climbed 10.85% after a strong quarter beating analyst expectations.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.01% to hover around $69.31 per barrel.
The gold spot index was down by 0.95% to $2,888.58 per ounce. Its last record high was at $2,956.37. The Dollar Index was up 0.20% at 106.631 level.
Asian markets were mixed on Thursday as Japan's Nikkei 225, China's CSI 300, and Australia's ASX 200 index advanced. Whereas, South Korea's Kospi and Hong Kong's Hang Seng index declined. European markets were mostly lower in trade.
Read Next:
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</ul>
Photo courtesy: Shutterstock

Analyst Color

Government

Futures

Economics

Pre-Market Outlook

Analyst Ratings

ETFs

BBWI

DELL

NVDA

SNOW

US Stocks Likely To Open Higher After Nvidia's Blowout Earnings: 'This Is Still A Bull Market,' Says Expert

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.38 by 7.89 percent. This is a 14.63 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $2.99 billion which beat the analyst consensus estimate of $2.93 billion by 1.98 percent. This is a 0.30 percent decrease over sales of $3.00 billion the same period last year.

Earnings Beats

Earnings Misses

Hormel Foods Q1 Adj $0.35 Misses $0.38 Estimate, Sales $2.99B Beat $2.93B Estimate

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Earnings Scheduled For February 27, 2025

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) to report quarterly earnings at $2.52 per share on revenue of $24.57 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dell shares gained 0.1% to $115.81 in after-hours trading.</li>
<li>Analysts expect J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) to post quarterly earnings of $2.37 per share, with a revenue of $2.23 billion. The company will release earnings before the markets open. Smucker shares gained 1.2% to $110.49 in after-hours trading.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported fourth-quarter revenue of $39.3 billion, up 12% quarter-over-quarter and up 78% year-over-year. The revenue total beat a Street consensus estimate of $38.05 billion according to data from Benzinga Pro. Nvidia reported fourth-quarter earnings of 89 cents per share, marking an 82% year-over-year increase and exceeding the Street consensus estimate of 84 cents per share. The company's guidance for first-quarter revenue is $43.0 billion, +/—2%. Nvidia shares fell 1.5% to $129.32 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is projected to report quarterly earnings at 38 cents per share on revenue of $2.94 billion. Hormel Foods shares gained 1.3% to $29.10 in after-hours trading.</li>
<li>Analysts expect HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) to post quarterly earnings at 74 cents per share on revenue of $13.36 billion after the closing bell. HP shares gained 0.4% to $33.98 in after-hours trading.</li>
</ul>
Check This Out: 
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</ul>
Photo courtesy: Shutterstock

Trading Ideas

Nvidia, Dell Technologies And 3 Stocks To Watch Heading Into Thursday

Stephens &amp; Co. analyst Pooran Sharma reiterates Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) with a Equal-Weight and maintains $31 price target.

Price Target

Reiteration

Stephens & Co. Reiterates Equal-Weight on Hormel Foods, Maintains $31 Price Target

CORRECTION: Barclays Upgraded Hormel Shares To Overweight

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Canaccord Genuity analyst Maria Ripps upgraded the rating for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from Hold to Buy and raised the price target from $940 to $1150. Netflix shares closed at $869.68 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Dennis Ding upgraded Crinetics Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNX#NASDAQ">CRNX</a>) from Hold to Buy and announced a $55 price target. Crinetics Pharmaceuticals shares closed at $38.76 on Tuesday. <a href="https://www.benzinga.com/quote/CRNX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Benjamin Theurer upgraded the rating for Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) from Equal-Weight to Overweight and boosted the price target from $35 to $36. Hormel Foods shares closed at $30.86 on Tuesday. <a href="https://www.benzinga.com/quote/HRL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital analyst Chris Dankert upgraded Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Hold to Buy and increased the price target from $255 to $280. Nordson shares closed at $220.18 on Tuesday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Joe O&#8217;Dea upgraded 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) from Equal-Weight to Overweight and increased the price target from $140 to $170. 3M shares closed at $146.89 on Tuesday. <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NFLX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22064528/image-147-1024x581.png" alt="" class="wp-image-744514" style="width:515px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22064528/image-147-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22064528/image-147-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22064528/image-147-768x435.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22064528/image-147.png 1113w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/43096091/jim-cramer-this-tech-stock-is-a-buy-louisiana-pacific-has-been-a-great-stock">Jim Cramer: This Tech Stock Is A Buy, Louisiana-Pacific Has Been A &#8216;Great Stock&#8217;</a></li>
</ul>

Upgrades

NDSN

NFLX

This Netflix Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Barclays analyst Benjamin Theurer upgrades Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) from Equal-Weight to Overweight and raises the price target from $35 to $36.

Barclays Upgrades Hormel Foods to Overweight, Raises Price Target to $36

Hormel Foods Provides Over $2M in Products And Disaster Relief Support For California Wildfires

Hormel Foods Corporation Announced That James P. Snee, Chairman Of The Board, President And Chief Executive Officer, Will Retire At The End Of Fiscal 2025

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. AES, Agree Realty and Hormel Foods have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.
The AES Corporation
The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) is a diversified power generation and utility company operating in 15 countries.
The company has increased its dividends every year for the last 10 years. According to its most recent dividend hike announcement on Dec. 6, its board of directors raised the quarterly dividend by 2% to $0.17595 per share, which is equal to $0.7038 annually. Currently, the dividend yield on the stock stands at 5.19%.
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The company's annual revenue (as of Sept. 30) stood at $12.3 billion. According to AES' most recent earnings announcement on Oct. 31, it posted Q3 2024 revenues of $3.29 billion, compared to the consensus estimate of $3.46 billion and an EPS of $0.71, compared to the consensus of $0.64.
Agree Realty
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The company mainly focuses on acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
See Also: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/go/arrived-private-credit-yf">7-9% target yield with monthly dividends would you invest in it</a>?
The company has raised its dividends consecutively for the last 11 years. As per the company&#8217;s most recent dividend hike announcement on Oct. 10, it increased the monthly dividend to $0.253 per share, which is equal to $3.036 annually. Currently, the company&#8217;s dividend yield is 4.07%.
Agree Realty&#8217;s annual revenue (as of Sept. 30) stood at $600.5 million. According to the company's most recent earnings announcement on Oct. 22, it posted Q3 2024 revenues of $154.33 million, beating the consensus of $152.40 million and adjusted Funds from Operations (AFFO) of $1.03, in line with expectations.
How much would it take to earn $100 monthly from Agree Realty stock? Check out this <a href="https://www.benzinga.com/markets/24/11/41703069/how-much-would-it-take-to-earn-100-a-month-from-agree-realty-stock">article by Benzinga</a> to learn more.
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
Hormel Foods
Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) develops, processes and distributes various meat, nut and other products to retail, food service, deli and commercial customers.
The company has raised its dividends consecutively for the last 59 years. According to its most recent dividend announcement on Nov. 25, it increased the quarterly dividend by 3% to $0.29 per share, equaling an annualized figure of $1.16. Currently, the dividend yield on the stock stands at 3.52%.
Hormel Foods&#8217; annual revenue (as of Oct. 31) stood at $11.9 billion. According to its most recent earnings release on Dec. 4, it posted Q4 2024 revenues of $3.14 billion and an EPS of $0.42, both in line with expectations.
AES, Agree Realty and Hormel Foods are good choices for investors seeking reliable passive income. Their dividend yields of around 3-5% and long history of consistent hikes make them attractive to income-focused investors.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<h2 class="wp-block-heading">Looking For Higher-Yield Opportunities In A Shifting Market?</h2>
The changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">some of the most attractive options for you to consider</a>.&nbsp;
For instance, the <a href="https://www.benzinga.com/go/equitymultiple-yf">Ascent Income Fund</a> from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. <a href="https://www.benzinga.com/go/equitymultiple-yf">Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only)</a>.
Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">Check out Benzinga's favorite high-yield offerings.</a>&nbsp;

Looking For Yields: AES, Agree Realty And Hormel Foods Are Consistent Moneymakers

In the current market session, Hormel Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) stock price is at $32.28, after a 0.59% drop. However, over the past month, the company's stock spiked by 9.41%, and in the past year, by 5.02%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1733760914_0.png" alt="Past Year Chart" />

<h3>Comparing Hormel Foods P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Hormel Foods has a lower P/E than the aggregate P/E of 29.09 of the Food Products industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733760914_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Hormel Foods

As of Dec. 6, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">US Foods Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>)</h3>
<ul>
<li>On Nov. 7, US Foods Holding reported third-quarter adjusted earnings per share of 85 cents, beating the street view of 83 cents. Quarterly sales of $9.728 billion (+6.8%) outpaced the analyst consensus estimate of $9.718 billion, driven by total case volume growth and food cost inflation of 3.2%. "We delivered strong results in the third quarter despite the softer macro environment and weather-related challenges which pressured industry case volumes," said Dave Flitman, CEO.. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/USFD">52-week high of $72.84</a>.</li>
<li>RSI Value: 80.83&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>USFD Price Action: Shares of US Foods gained 0.5% to close at $72.33 on Thursday. </li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">latest USFD news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="904" height="834" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817.png" alt="" class="wp-image-680192" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817.png 904w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817-768x709.png 768w" sizes="(max-width: 904px) 100vw, 904px" /></a></figure>
<h3 class="wp-block-heading">Hormel Foods Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>)</h3>
<ul>
<li>On Dec. 4, the company reported that fourth-quarter adjusted earnings per share were 42 cents, which is in line with the street view. Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion. "The combination of underlying business strength and the capture of $75 million in operating income benefit from our Transform and Modernize (T&amp;M) initiative helped to offset a dynamic consumer environment, the steep decline in whole bird turkey commodity markets, and the production disruption at our Suffolk, Virginia, facility,"  said Jim Snee, chairman of the board, president and chief executive officer. The company's stock gained around 7% over the past month and <a href="https://www.benzinga.com/quote/HRL">has a 52-week high</a> of $36.86.</li>
<li>RSI Value: 73.95</li>
<li>HRL Price Action: Shares of Hormel Foods gained 2.7% to close at $32.86 on Thursday. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">trend in HRL stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007.png" alt="" class="wp-image-680195" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007-768x707.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</h3>
<ul>
<li>On Nov. 19, Walmart announced third-quarter results and <a href="https://www.benzinga.com/pressreleases/24/11/b42058916/walmart-reports-strong-revenue-growth-of-5-5-with-operating-income-growing-faster-at-8-2">raised its fiscal-2025 guidance</a>. The retailer reported adjusted EPS of 58 cents, <a href="https://www.benzinga.com/calendars/earnings?_gl=1&#x2A;6ouqhz&#x2A;_gcl_au&#x2A;MTMzODc3MTQxNy4xNzMwMjYzMDky&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTczMzQ2NDcyNS41MjUuMS4xNzMzNDc2NDk5LjAuMC4w">beating the conse</a>nsus of 53 cents. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/WMT">52-week high</a> of $95.60.</li>
<li>RSI Value: 84.40</li>
<li>WMT Price Action: Shares of Walmart gained 0.9% to close at $95.30 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">breakout in </a>WMT <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355.png" alt="" class="wp-image-680196" style="width:628px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355-768x719.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
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Short Ideas

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Top 3 Risk Off Stocks That May Collapse This Month

Hormel Foods Exec Says Avian Influenza Outbreak Affected Supply Of Jennie-O Turkey

Hormel Foods Exec Says Turkey Will Remain At Lower Levels In 2025

Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading lower on Wednesday.</a>
The company reported that fourth-quarter adjusted earnings per share were 42 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42310771/hormel-foods-reports-fourth-quarter-and-full-year-fiscal-2024-results" rel="noreferrer noopener">which is in line with the street view</a>. Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion.
Gross Profit in the quarter under review totaled $521.230 million, compared with $514.425 million a year ago.
&#8220;The combination of underlying business strength and the capture of&nbsp;$75 million&nbsp;in operating income benefit from our Transform and Modernize (T&amp;M) initiative helped to offset a dynamic consumer environment, the steep decline in whole bird turkey commodity markets, and the production disruption at our&nbsp;Suffolk, Virginia, facility,&#8221;&nbsp;&nbsp;said&nbsp;Jim Snee, chairman of the board, president and chief executive officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-iphone-16-is-the-start-of-a-super-cycle" rel="noreferrer noopener">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says &#8216;Street Is Realizing&#8217; iPhone 16 Marks The &#8216;Start Of A Super Cycle&#8217; For Apple</a>
The company expects to realize an incremental&nbsp;$100 million&nbsp;to&nbsp;$150 million&nbsp;in benefits from the T&amp;M initiative in fiscal 2025, as the planned expansion of the program accelerates value returned to the organization.
The T&amp;M initiative aims to transform the supply chain, reduce portfolio complexity, and invest in data, technology, and processes.
Considerable volume declines in turkey exports resulted in lower volumes compared to the prior year in the International segment.&nbsp;
The T&amp;M initiative is key to achieving the company&#8217;s goal of $250 million in annual operating income growth by fiscal 2026.
Cash on hand increased to $742 million at fiscal year-end from $737 million at the beginning of the year. Inventories at fiscal year-end were $1.6 billion, a decrease of $104 million from the beginning of the year. Total long-term debt, including current maturities, was $2.9 billion at fiscal year-end.
Outlook: Hormel Foods has projected net sales for FY25 to range between $11.9 billion and $12.2 billion, compared to the $12.23 billion estimate.
The company also expects adjusted diluted earnings per share to be between $1.58 and $1.72, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the $1.68 estimate.</a>
Price Action: HRL shares are trading lower by 3.68% to $30.65 premarket at last check Wednesday.
Read Next:
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Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble Up Growth Prospects

U.S. stocks could open on a positive note on Wednesday after the <a href="https://www.benzinga.com/news/global/24/12/42299162/us-stocks-pause-south-korea-etfs-fall-on-political-turmoil-oil-prices-rise-above-70-whats-driving-markets-tuesday">averages maintained a cautious stance on Tuesday</a>. Futures of all three major indices were up on Wednesday, pointing to an optimistic sentiment on Wall Street.
This is a day after the S&amp;P 500 closed at another record high, with AI stocks and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) giving the benchmark index a boost. Markets brushed off rising geopolitical tensions across the world, with South Korean President Yoon declaring an emergency and enforcing martial law.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.51%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.42%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.07%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.22% to $605.23 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.54% to $519.68, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a mixed note on Tuesday, with the Dow Jones closing in the red while the Nasdaq and S&amp;P 500 edged up.
Crude oil prices edged up on Wednesday after the U.S. imposed sanctions on 35 Iranian entities.
Treasury yields rose as investors waited for crucial job data to be released.
On the economic data front, the number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, industrials, and financial stocks recording the biggest losses on Tuesday.
However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.40%</td>
<td>19,480.91</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.05%</td>
<td>6,049.88</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.17%</td>
<td>44,705.53</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.73%</td>
<td>2,416.35</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained his bullish outlook on the prospects of equity markets in December. While December has traditionally been a strong one for investors, another metric shows why bears shouldn't bet against equities this month, according to Detrick.
"When the S&amp;P 500 was up 20% or more for the year heading into the final month, December has been up nine of the past 10 times," said Detrick in his latest note.
Data shows the S&amp;P 500 has gained over 28% since the beginning of 2024 through November, and going by past trends, December looks set to close in the green, too.
It's not just December that could be positive – Detrick's analysis shows that big gains in November set equities on a path for a rally in the new year, too.
"Do big monthly gains matter? We'd say yes, as the S&amp;P 500 is up an average of 13.5% a year later and higher nearly 84% of the time after a calendar month gain of more than 5%."
He notes that a 5% gain in November has historically been followed by an average 13% increase the following year, occurring three out of four times. This pattern underpins Detrick's optimistic outlook.
Wells Fargo strategists also expect a bull run in 2025, giving a target of 7,007 for the S&amp;P 500.
"On balance, we expect the Trump Administration to usher in a macro environment that is increasingly favorable for stocks at a time when the Fed will be slowly reducing rates," said Christopher Harvey and his team of strategists.
&#8220;In short, a backdrop where equities continue to rally.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is packed.
<ul>
<li>November's data on ADP employment will be released at 8:15 a.m. ET.</li>
<li>St. Louis Fed President Musalem will speak at 8:45 a.m. ET.</li>
<li>The S&amp;P final U.S. services PMI for November will be released at 9:45 a.m. ET.</li>
<li>The ISM services and factory orders data for November and October, respectively, will be released at 10:00 a.m. ET.</li>
<li>Fed Beige Book will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) <a href="https://www.benzinga.com/24/12/42309867/why-marvell-technology-shares-are-trading-higher-by-around-13-here-are-20-stocks-moving-premarket">stock surged 14% in premarket trading</a> on Wednesday after the company beat analyst estimates on the back of "strong demand from AI."</li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) stock rose 13% in premarket after the company <a href="https://www.benzinga.com/news/earnings/24/12/42302924/salesforce-q3-earnings-revenue-beat-eps-miss-free-cash-flow-up-30-ai-driving-groundbreaking-transformation-and-more">posted revenue</a> that topped forecasts. It also raised its fiscal year revenue guidance.</li>
<li>Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) stock gained 15% in premarket after the security firm handily beat Street expectations with its <a href="https://www.benzinga.com/news/earnings/24/12/42303322/okta-q3-earnings-revenue-beat-eps-beat-strong-guidance-shares-surge">third-quarter results</a>.</li>
<li>Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) <a href="https://www.benzinga.com/news/earnings/24/12/42303442/pure-storage-shares-soar-after-strong-q3-q4-guidance-above-estimates-details">stock rocketed 25%</a> in premarket after the company raised its annual revenue guidance.</li>
<li>Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, gaining 0.69% to hover around $70.42 per barrel.
The 10-year Treasury note yield edged up to 4.254%.
Major Asian markets ended mixed on Wednesday, and European markets were similarly mixed in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-ipho">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing' iPhone 16 Marks The &#8216;Start Of A Super Cycle&#8217; For Apple</a></li>
</ul>
Photo courtesy: Wikimedia

Federal Reserve

AAPL

DLTR

MRVL

OKTA

PSTG

US Stocks Likely To Open Higher As Investors Gear Up For A Historically Strong Month: Wells Fargo Strategists See Trump Policies Setting A Backdrop Where 'Equities Continue To Rally'

Press Releases

Hormel Foods Chairman, President and CEO James P. Snee to Retire at End of Fiscal Year

Hormel Foods Provides Over $2M in Products and Disaster Relief Support for California Wildfires

Hormel Foods Announces Retirement of Brian Johnson, Vice President and Corporate Secretary

Hormel Foods To Hold Virtual 2025 Annual Meeting of Stockholders

Hormel Foods Announces Retirement of Mark Ourada, Group Vice President, Foodservice, after 37 years of exemplary service and leadership

Hormel Foods Announces Sales Executive Moves in Foodservice and Retail

Hormel Foods Corporation to Hold First Quarter Earnings Conference Call

HORMEL® PEPPERONI IS SPREADING THE LOVE THIS VALENTINE'S DAY WITH LIMITED EDITION HEART-TO-HEART PIZZA KITS

Turn Up the Flavor with the New HORMEL GATHERINGS® Bold and Spicy Tray

HORMEL FOODS REPORTS FIRST QUARTER FISCAL 2025 RESULTS

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ベンジンガ・グローバル