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In February, I placed a hold rating on Hormel Foods (NYSE:HRL), and since then, the stock has performed as expected, lagging the market, dropping 7.6% on a price return basis. Investors buy Hormel Foods for the dividend income
Analyst’s Disclosure:I/we have a beneficial long position in the shares of HRL, CPB, SJM, VOO, VDC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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