What is Hormel Foods Corporation?
Hormel Foods Corporation develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.
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Hormel Foods Corporation develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International. The company is listed on the NYSE in USA, operating in the Consumer Defensive sector, with a market capitalisation of 11.59B, and a P/E ratio of 34.0x.
A short list of Packaged Foods names that are close enough in size to make side-by-side comparison useful.
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Hormel is paying USD 1.055bn in cash for Brakebush, about a tenth of its market value, and the shares moved just 0.91%. A balance-sheet story.
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