Hormel Foods Corporation Stock Analysis – I Have Added this Dividend King to My FFJ Portfolio

Summary

  • Hormel held its Investor Day June 15, 2017 wherein it provided a great overview of the company`s growth opportunities.
  • HRL`s long-term targets are 5% top-line growth, 10% bottom-line growth, and margins in the top quartile of its peers by 2020.
  • It is one of a few companies which have increased the annual dividend for 50+ consecutive years thus placing it in the exclusive Dividend King group of companies.
  • HRL`s stock price has retraced from a high set in August 2016. Current valuation levels are now reasonable.

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