2024-04-30 03:49:20 ET
Summary
- Hormel Foods, a dividend king, continues to raise its dividend despite recent profitability struggles.
- Despite its slow growth in recent years, Hormel's balance sheet is in a better position than many other food giants.
- Hormel’s expenses have been rising faster than revenue, impacting margins and profitability over the last decade.
- The current valuation of Hormel doesn't offer much upside potential for investors.
Investment Thesis
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Hormel Foods: A Wait And See Approach For This Dividend King