Hormel Foods Corporation – High Quality, Steady Growth

Summary

  • HRL recently reported its FY2017 results and also announced its 52nd consecutive increase to its annual dividend.
  • Challenges persist in a couple of HRL’s divisions but its diversified portfolio of products and geographic presence mitigates some of the volatility.
  • Growth by acquisition continues with 2 acquisitions completed subsequent to July 2017 and another expected to close December 2017.
  • Shares are not inexpensive but you can typically expect to pay up when you invest in a high quality company with steady long-term growth potential.

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