Food stocks are gaining momentum. I anticipate another round of inflation could boost them in the coming 1-2 years. Hormel 
HRL is trading at a price-to-earnings of 20x and pays a dividend of 4.05%. Insiders have been awarded options and are buying shares below $30. Earnings are forecast to grow 9.16% per year and the company has a very low debt-to-equity ratio (0.36x). Thus, at $28.98, HRL is in a personal buy zone.
Targets:
HRL is trading at a price-to-earnings of 20x and pays a dividend of 4.05%. Insiders have been awarded options and are buying shares below $30. Earnings are forecast to grow 9.16% per year and the company has a very low debt-to-equity ratio (0.36x). Thus, at $28.98, HRL is in a personal buy zone.Targets:
- $34.00
- $36.00
- ... $50.00 (very long-term, inflationary environment, etc)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.