Tuesday, February 7, 2012
Hormel Foods Corporation: $HRL Cash Flow Valuation
Current Price: ~ $29/share
Projected Yield: ~ 2.07%
Hormel Foods manufactures and distributes value-added meat products consisting primarily of pork and turkey. A large portion of the company's revenue comes from fresh meats (55% of sales in fiscal 2011) such as sausage, ham, and bacon, as well as turkey (19%) and shelf-stable products (17%) including frozen meals, Spam, and canned chili. The firm's most notable brands include Hormel, Spam, Jennie-O Turkey Store, Lloyd's, and Chi-Chi's.