How Is Hormel Foods' Stock Performance Compared to Other Food & Beverage Stocks?

Core Insights - Hormel Foods Corporation (HRL) is a significant player in the packaged foods industry, with a market cap of $13.7 billion and a diverse brand portfolio [1][2] - The company has faced stock price declines, with a 26.6% drop from its 52-week high and a 20.9% year-to-date decrease [3][4] Company Overview - HRL develops, processes, and distributes a variety of food products, including meat and nuts, to various customers globally [1] - The company is classified as a large-cap stock, highlighting its size and influence in the market [2] Financial Performance - In Q3, HRL reported an adjusted EPS of $0.35, falling short of the expected $0.41, while revenue reached $3.03 billion, exceeding forecasts of $2.98 billion [5] - The company anticipates a full-year adjusted EPS between $1.43 and $1.45 [5] Stock Performance - HRL shares have underperformed compared to the First Trust Nasdaq Food & Beverage ETF, with a 17.7% decline over the past three months [3][4] - The stock has been trading below its 50-day and 200-day moving averages, indicating a bearish trend [4] Analyst Sentiment - Wall Street analysts maintain a cautious outlook on HRL, with a consensus "Hold" rating and a mean price target of $28.71, suggesting a potential upside of 15.7% [6]