HRL

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Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

The S&P 500 is up about 10% this year, yet 80% of that gain comes from technology stocks, many of which are tied to artificial intelligence.

HRL's latest portfolio move underscores its push to streamline international operations and focus on markets with stronger long-term growth potential.

AUSTIN, Minn., June 29, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its Brazilian operations, operated under the CERATTI® brand to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market.

Hormel Foods has increased its dividend for a stunning 60 consecutive years. It's a vaunted Dividend Aristocrat more than twice over. Hormel has a very good financial position. Its long-term debt/equity ratio is 0.4, while the interest coverage ratio is around 10. The P/E ratio is sitting at 17.4, based on midpoint guidance for this year's adjusted EPS. That's about as low as I've seen it on this stock.

Here is how Hormel Foods (HRL) and Kenvue (KVUE) have performed compared to their sector so far this year.

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Hormel Foods has been in a slow-motion bear hug. The stock sits 22.8% below its 52-week high, and the trailing GAAP payout ratio looks ugly after a $234 million non-cash impairment and a $61 million whole-bird turkey divestiture loss.

Hormel Foods remains a Buy, with a conservative valuation and solid dividend yield supporting patient investors amid sector weakness. HRL delivered its sixth consecutive quarter of organic top-line growth, with Foodservice and International segments outperforming despite macro headwinds. Management maintains long-term targets of 2%-3% organic sales and 5%-7% operating income growth, while robust cash flow and a balance sheet provide flexibility.