|Bid||40.82 x 1200|
|Ask||40.83 x 1400|
|Day's Range||40.49 - 40.93|
|52 Week Range||37.00 - 46.26|
|Beta (3Y Monthly)||-0.12|
|PE Ratio (TTM)||22.55|
|Earnings Date||Nov 26, 2019|
|Forward Dividend & Yield||0.84 (2.07%)|
|1y Target Est||38.90|
As time passes, fewer investors are familiar with Peter Lynch. That's a shame. The famous former Fidelity fund manager delivered astounding returns for more than a decade in the 1970s and 1980s -- 29.2% per year annualized -- and wrote popular investing books describing his philosophy.Put very simply, Lynch is best known for the idea of looking for investments in stuff that you know. If you work in a specific industry, you likely have knowledge that most general market participants don't. Similarly, you may know more about local companies, banks, etc. in your city than the market as a whole. And in everyday life, there are plenty of things you can invest in as well.In fact, looking around your house, you can probably find items made from dozens of different publicly listed companies. Some of these may be big-ticket items such as your A.O. Smith (NYSE:AOS) water heater or your Whirlpool (NYSE:WHR) fridge. But there's plenty of money to be made in small repeat purchases as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe foods, drinks, spices, cleaning supplies and so on that are in your kitchen right now have historically been some of the stock market's all-time best performers. Coca-Cola (NYSE:KO), for example, has been so spectacularly successful that it helped make Atlanta a larger and more prosperous city than its regional rivals. When a soft drink formula can literally change an area's financial outlook, you realize that you shouldn't overlook the vast profit potential of everyday items. * 10 Hot Stocks Staging Huge Reversals With that in mind, it's worth taking a look at these seven dividend-paying stocks that make items that you can find in the average American kitchen. Dividend Stocks to Buy: PepsiCo (PEP)Source: suriyachan / Shutterstock.com Dividend Yield: 2.8%First off, let's start with a double-threat. PepsiCo (NYSE:PEP) is, as most of us are aware, Coca-Cola's leading rival; however, it's a more attractive business than Coca-Cola at this point because of its other business.Specifically PepsiCo also owns Frito Lay, the dominant player in chips and snack foods. Counting brands like Doritos, Fritos and Cheetos, PEP has a place in most people's pantries, even if you don't drink Pepsi.Folks have heard they should take in fewer sodas and eat less junk food. However, so far, consumption patterns haven't changed much. People like their little indulgences. That said, soda taxes are a concern, which makes PepsiCo's diversified revenue stream a safer bet than Coca-Cola over the long haul.At 23x forward earnings, PEP stock isn't especially cheap, but it's a reasonable price for a company with great brands and a solid 2.8% dividend yield. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.1%If you're like many Americans, you probably associate Hormel Foods (NYSE:HRL) with its iconic SPAM brand. That's understandable, the company has sold this product for so long that it has its own museum now. Even there, the company continues to innovate. For example, I just bought some of the company's new Pumpkin Spice SPAM and can't wait to try it. Still, I can't blame you for potentially wanting to pass on a maker of canned meat.But there's far more to the business than SPAM. Hormel is now No. 1 or No. 2 in more than 40 different grocery store items, ranging from its traditional strengths like bacon, turkey, canned chili and deli meats to a variety of more millennial-focused items. These include almond and other nut butters, ready-to-eat guacamole, free-range pesticide-free deli meat, imported Mexican salsas and other trendier items.Hormel has reported strong organic growth in its existing brands for years now, even as many of its packaged foods rivals have struggled immensely. That's because Hormel dominates niches, like guacamole, rather than being one of a "zillion" cereals, yogurts or ketchups, for example, competing for shelf space and consumer attention.HRL stock is also an appealing investment for the same reason its products are great in your pantry: they're built to last. Things like canned chili and SPAM are good to have around during storms and natural disasters. HRL stock is good to have in an economic disaster. * 7 Hot & Trendy Generation Z Stocks to Buy The company has no debt, making its balance sheet rock solid. And it has paid an increasing annual dividend for more than 50 consecutive years; rain or shine, Hormel will pay you more money every year to keep owning its stock. Shares are down slightly in recent months on fears that the swine fever in Asia will cause higher pork prices. That may be true for a quarter or two; long-term, however, Hormel will continue to make its loyal shareholders tons of money. Hershey (HSY)Source: mhiguera via FlickrDividend Yield: 2%If I had a dollar for every time someone told me Hershey (NYSE:HSY) stock was too expensive, I could buy a ton of chocolate. Thankfully, I bought a healthy portion of HSY stock years ago, and with the dividend, I also can buy many Hershey products for my family.Hershey stock is up 44% so far in 2019, leading people to say that Hershey is a great company but it's simply overpriced. In the short-run, that may be true. At 25x earnings, the stock is significantly above its historical median of around 21x. Given its high short-term valuation and big gains already in 2019, don't expect miracles from HSY stock over the next three or six months.If you're willing to hold for a few years, however, you should expect Hershey stock to proceed much higher. Why's that? The company has a dominant position in a high profit-margin, recession resistant market. There's only Hershey (44%) and Mars (30%) on a national scale, with no other chocolate producer making up more than 10% of the market. As a result, Hershey and Mars can keep prices high because few people like store brand chocolate.Also, chocolate sales tend to be recession resistant, meaning that earnings and dividends remain strong even during economic downturns. Brown-Forman (BF.A) (BF.B)Source: Shutterstock Dividend Yield: 1.1%Our next two picks are recent portfolio additions of Terry Smith. Smith, for those unfamiliar, is the manager of Fundsmith, Britain's largest mutual fund. Fundsmith has gained 17% per year -- or 269% total -- since the fund launched in 2010, absolutely smashing the fund's benchmark, which is up 128% over the same stretch.Smith's basic philosophy is simple: Buy great companies at a fair price, and then do nothing. As long as the companies continue to deliver returns, once you get in at a reasonable valuation, he wants to hold on forever. Between his simple philosophy and breathtaking returns, it's no wonder that he is often called the British Warren Buffett.What food and beverage items is Smith buying lately? First up is Brown-Forman (NYSE:BF.A) (NYSE:BF.B), the maker of Jack Daniels whisky, along with a variety of other spirits and liquors. Over the past 50 years or so, the Brown family has transformed Jack Daniels from a small regional whiskey to an international powerhouse. The company is now repeating its success with other brands such as its fast-growing tequila business.Brown-Forman is undoubtedly a great business. But with BF stock near all-time highs, is it still a great buy? Smith thinks so. He established his stake this summer. Despite trading near 30x earnings, you can still make a case for investing in BF stock at these prices. The company has historically grown both earnings and its dividend more than 10% per year; there has been no slowdown in results more recently either. The company's balance sheet is strong, insulating it from downturns. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk And even within the highly profitable liquor space, Brown-Forman's profit margins are exceptionally high. BF stock represents a low-risk steadily growing business with an unimpeachable brand in Jack Daniels. And if you like whiskey or tequila, the dividends can help defray the cost of that item from your budget. McCormick (MKC)Source: Blue Genie via FlickrDividend Yield: 1.4%Terry Smith's other recent purchase is also likely to show up in your kitchen. That's because Smith picked up stock in McCormick (NYSE:MKC), the famous spices and seasonings leader. Between McCormick's brand seasonings and its private label business, the company controls well over half the total market in America and has strong position in international geographies such as Mexico as well.McCormick, like Hershey, perpetually seems expensive on a price-to-earnings basis, as it generally trades around 25x earnings. Throughout the 1990s, for example, it never dropped under 20x earnings even once. Good luck trying to buy it cheaper than the S&P 500 on valuation. That said, McCormick has continued to post double-digit total returns for decades now and has hiked its dividend every year for decades making it a Dividend Aristocrat.How can McCormick reliably put so much more money in your pocket every year? Simply put, spices are a great business. They are cheap relative to the cost of making a meal, and you don't buy them too frequently. When the price of oregano goes up from $2.69 to $2.89, who is going to complain or switch to a different product? Additionally, McCormick is a dominant player in food service -- when you get some specific menu item at a chain restaurant, for example, there's a great chance McCormick provided the flavoring to give it its distinct taste and smell. McCormick has a large R&D team devoted to cooking up specific flavor pairings such as, say, mango chipotle, that inevitably end up on menus around the country.What attracted Smith to McCormick stock recently, after it had already appreciated significantly? Probably McCormick's recent purchase of the French's and Frank's brands. Frank's Red Hot sauce in particular is booming, but it had been owned by absentee foreigners who weren't marketing it effectively in the U.S. Under McCormick's ownership, sales are surging, leading overall earnings growth to accelerate sharply. Molson Coors (TAP)Source: Drew Stephens via FlickrDividend Yield: 4.1%If you're a beer person, this one is for you. Molson Coors (NYSE:TAP), unlike many on this list, has not performed great in recent years. In fact, the stock is down more than 40% from its historic highs. It's not hard to see why people are nervous; there has been a significant shift toward craft beer, and people have assumed that the macro brewers like Molson Coors will suffer greatly under this shift.It's simply not so, however. Craft beer makes up just 13% of the U.S. market, and its market share growth has slowed dramatically over the past year or two. Craft beer is a great product, and it has certainly disrupted the market. But it's not going to put the macro beers out of business; there's still plenty of value in brands, marketing and macro's much lower prices. Particularly in a recession, it will be hard for many people to justify drinking craft all the time.Also, Molson Coors has a few irons in the fire as far as craft goes. For folks that don't want to drink the company's namesake brands, they have other brands such as Blue Moon as well. Sure, some beer snobs will turn up their nose at even "major" craft brands like Blue Moon or Sam Adams (NYSE:SAM). But in general, running a brewery is a hard business, and the majority of the nation's beer will still come from major corporate enterprises one way or another. And Molson Coors will benefit as it does. * 10 Hot Stocks Staging Huge Reversals Why buy TAP stock now? For one thing, based on its steady operating results, the company just hiked its dividend by 40% and now pays a dividend yield of more than 4% annually. Management didn't get the memo that craft killed their business, apparently. The stock is also selling for just over 10x earnings. That's crazy cheap for a brewer; normally beer and liquor businesses sell at a major premium to the market, not a discount. As people realize that Molson Coor's profits and cash flow remain steady, shares will get bid up sharply. In the meantime, enjoy the big dividend. Colgate-Palmolive (CL)Source: Shutterstock Dividend Yield: 2.5%Finally, while you might not find this brand in your kitchen, after all that eating and drinking, you probably want to brush your teeth. Colgate-Palmolive (NYSE:CL) is the maker of the famous toothpaste brand Colgate, along with a variety of other hygiene products and cleaning supplies.CL stock has had a disappointing run over the past five years; shares have traded basically flat. Over that time, however, shares went from expensive to reasonably priced, as earnings have climbed nicely in the interim.The company has faced some setbacks over that stretch. The collapse of the Venezuelan economy cost Colgate one of its better international markets. And its Hill's pet food acquisition has taken longer to pay off than expected. Despite these setbacks, Colgate has managed to grow earnings without the share price going up … yet. That could change as investors look to pick up more solid defensive dividend stocks in the coming months.At the time of this writing, Ian Bezek owned TAP, MKC, HSY, AOS, BF.B, BF.A, and HRL stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) appeared first on InvestorPlace.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Hormel Foods Corporation (NYSE:HRL) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...
For his "Executive Decision" segment of Mad Money Thursday night, Jim Cramer sat down with Jim Snee, chairman and CEO of Hormel Foods Corp. , makers of Spam, Skippy peanut butter and Jennie-O turkey products. Snee said that innovation continues to be the lifeblood of the company, which is why new products like pumpkin-spice Spam sold out in less than seven hours. Looking in the short term, Snee explained that a spike in avocado prices will compress margins for their Wholly Guacamole brand and a recent outbreak of swine flu will disrupt pork supplies, but over the longer term, he said, the company's businesses and brands remain strong.
Looking to try some pumpkin spice spam? Hormel Food CEO weighs in on the millennial, pumpkin-spice Spam and why he's not worried about a recession.
Hormel Foods Corp. narrowed Thursday its full-year earnings guidance, which put it above Wall Street expectations, ahead of the branded food company's investor day. The company now expects 2019 earnings per share of $1.76 to $1.80, compared with previous guidance of $1.71 to $1.85. The FactSet EPS consensus is $1.74. At its investor gathering at the New York Stock Exchange, the company said it will outline its 2020 Path Forward initiatives. The company plans to reveal fiscal fourth-quarter results on Nov. 26. The stock, which was still inactive in premarket trading, has edged up 0.4% year to date, while the SPDR Consumer Staples Select Sector ETF has run up 19.6% and the S&P 500 has gained 16.5%.
Updates Fiscal 2019 Earnings Guidance to $1.76 to $1.80 per share from $1.71 - $1.85 per share AUSTIN, Minn. , Oct. 10, 2019 /PRNewswire/ -- Today, Hormel Foods (NYSE: HRL), a global branded food company, ...
You might start to hear more about the "Dividend Kings" over the next few months. Small wonder: Stocks that have boasted uninterrupted dividend growth for a half-century or more might be an ideal place to hide out amid increased economic uncertainty.Sluggish global growth, rising recession risks and a stock market that hasn't gone anywhere over the past 52 weeks have some market strategists banging the drum for quality stocks. "A focus on quality stocks can allow investors to stay in the market to benefit from potential upturns, but with a measure of prudence built in to buffer downturns," says Tony DeSpirito, head of BlackRock's U.S. Income and Value team. And nothing says quality more than stocks that haven't missed a dividend hike in decades. "When a company is reliably able to boost its dividend for years or even decades, this may suggest it has a certain amount of financial strength and discipline," says Tianyin Cheng, director of Strategy and Volatility Indices at S&P; Dow Jones Indices.Investors can find such dividend machines within the ranks of the Dividend Kings. You've surely heard of the Dividend Aristocrats -- companies in Standard & Poor's 500-stock index that have raised their payouts every year for a minimum of 25 consecutive years. The Dividend Kings are Aristocrats that have done it for at least 50. Here, then, are the current 15 Dividend Kings. These have been among the best of the best dividend stocks for income growth since at least the late 1960s. Any company with that kind of track record clearly makes its dividend a top priority -- and one that investors can count on through thick and thin. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Hormel Foods' (HRL) Refrigerated Foods category is steadily growing on strong brand portfolio. However, rising input costs as well as weak turkey and grocery categories are concerns.
Jim Cramer will be watching Thursday's earnings report from Hormel Foods Corp. which also holds an analyst meeting. Cramer said on his Mad Money program Friday night that he'd buy Hormel ahead of this meeting. In this daily bar chart of HRL, below, we can see a mixed picture for the interplay of price and indicators.
AUSTIN, Minn., Sept. 27, 2019 /PRNewswire/ -- Hormel Foods Corporation (HRL) today announced it has achieved its nonrenewable energy use reduction goal and had a record year of giving in its latest annual corporate responsibility report. The report is available online at https://csr.hormelfoods.com/ and includes information about the company's progress toward its goals. "We are making the world a better place by investing in our people and partners, improving communities around the world and creating products that improve the lives of others," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods.
With Beyond Meat Inc.'s stock surging 9% Thursday, after McDonald's Corp. said it would test a plant-based burger made with Beyond Meat patties, the likelihood of a big short squeeze that fuels further gains is now "very high," according to Ihor Dusaniwsky, managing director of predictive analysts at financial analytics firm S3 Partners. Short interest, or bearish bets, in Beyond Meat's stock as a percent of shares available for trade (float) is about 41.6%, Dusaniwsky said, which dwarfs the other next-most shorted stocks in the packaged foods and meats sector of Hormel Foods Corp. at 13.9% and Campbell Soup Co. at 11.6%. But while the fee to borrow Hormel and Campbell stocks so they can be shorted is at a standard 0.3% annualized, Beyond Meat's is at 141%, Dusaniwsky said. He said virtually all of the lendable stock has already been lent, and recalls have been coming as some bulls take profit on their shares. "[W]ith mark-to-market losses mounting, stock borrow rates accelerating to the upside and stock recalls hitting the Street, the likelihood of a short squeeze is very high," Dusaniwsky wrote in a note to clients.
AUSTIN, Minn., Sept. 26, 2019 /PRNewswire/ -- Hormel Foods Corporation (HRL) was named the winner of a Silver Stevie® Award in the Achievement in New Employee Onboarding category for its Inspired Hires program in the fourth annual Stevie Awards for Great Employers. The Stevie Awards for Great Employers recognize the world's best employers and the human resources (HR) professionals, teams, achievements and HR-related products and suppliers who help to create and drive great places to work. Amy Sheehan, director of talent acquisition, and Kelly Fleming, recruiting specialist, attended the event on behalf of the company.
AUSTIN, Minn. , Sept. 24, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, invites interested investors to view a live webcast of the Hormel Foods 2019 Investor ...
When Hormel Foods Corporation (NYSE:HRL) released its most recent earnings update (28 July 2019), I wanted to...
AUSTIN, Minn. , Sept. 23, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board ...
AUSTIN, Minn., Sept. 23, 2019 /PRNewswire/ -- Today, the makers of the SPAM® brand released the highly anticipated, limited edition SPAM® Pumpkin Spice. SPAM® Pumpkin Spice is a celebration of the flavors of fall and the brand's latest variety to debut in four years. SPAM® Pumpkin Spice can be incorporated to several warm recipes, ranging from grilled cheeses to fall hashes.
New seasonal variety available for limited time only at Walmart.com and SPAM.com AUSTIN, Minn. , Sept. 23, 2019 /PRNewswire/ -- Get ready pumpkin lovers. Today, the makers of the SPAM® brand announced ...
AUSTIN, Minn. , Sept. 19, 2019 /PRNewswire/ -- The makers of Hormel® Mary Kitchen® hash, America's No. 1 selling hash, announced today the launch of an innovative meal solution for the frozen breakfast ...
AUSTIN, Minn. , Sept. 12, 2019 /PRNewswire/ -- In recognition of Hunger Action Day, Hormel Foods Corporation (NYSE: HRL) today announced donations totaling $300,000 to over 30 hunger-relief organizations ...
Hormel Foods is wisely setting itself up for a lucrative future by maintaining a low debt load, avoiding risk by taking on sustainability concerns, and exploring alternative proteins.