This food producer is growing earnings at a double-digit pace, and also pays a decent dividend. Our sell recommendation is a company whose shares have taken a hit in the recent market volatility.
Buy: Hormel Foods Corporation (HRL)
From 2 for 1 Stock Split Newsletter
Hormel Foods Corporation (HRL) owns dozens of well-known food brands such as Spam, Skippy, Staggs, Farmer John’s, Saag’s, Jennie-O, and others too numerous to list. This is a huge, multi-national business growing its earnings at over 11%/year over the last five years. This has been accomplished while keeping debt well below average for the industry, paying a 1.5% dividend (growing at 19%/yr), and being consistently profitable for years.
Hormel has been named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for seven years in a row. This all adds up to a great “old economy” company that I will be pleased to have in the 2 for 1 portfolio once again.
Neil MacNeale, 2 for 1 Stock Split Newsletter, www.2-for-1.com, 888-775-4824, January 2016