Hormel Foods traded at $20.25 this Friday October 2nd, increasing $0.29 or 1.45 percent since the previous trading session. Looking back, over the last four weeks, Hormel Foods gained 6.60 percent. Over the last 12 months, its price fell by 17.82 percent. Looking ahead, we forecast Hormel Foods to be priced at 19.81 by the end of this quarter and at 18.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally. The Company’s brands also include Planters, NUT-rition, Planters Cheez Balls and Corn Nuts.