Hormel Foods Corp vs iShares Bitcoin Trust — how do they compare? Hormel Foods Corp trades at $24.36 (market cap $13.37B), while iShares Bitcoin Trust trades at $36.37. The key difference: Hormel Foods Corp pays a 4.81% dividend while iShares Bitcoin Trust pays none, and Hormel Foods Corp is trading nearer its 52-week high, iShares Bitcoin Trust nearer its low. Which is the better fit depends on your goals.
| HRL | IBIT | |
|---|---|---|
Market Cap | $13.37B | — |
Sector | Consumer Staples | Crypto-linked |
52-Week High | $29.25 | $71.29 |
52-Week Low | $19.74 | $33.29 |
Enterprise Value | $15.37B | — |
Dividend Yield | 4.81% | — |
Trailing returns across standard periods
Latest headlines on both assets
Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company's revenue is U.S.-based: 64% U.S. retail, 28% U.S. food service, and 8% international. By product type, in fiscal 2021, 23% of revenue was shelf-stable foods, 18% was poultry (branded and commodity), 55% was other perishable food, and 3% was other, primarily nutritional products. The company holds the number-one market position in shelf-stable meat, shelf-stable ready meals, pepperoni, natural/organic deli meat, and guacamole and the number-two position in turkey, bacon, chilled ready meals, and peanut butter.
Read more on HRL →IBIT is a spot Bitcoin ETF that tracks the price of Bitcoin directly. Managed by BlackRock, it offers investors a regulated way to gain exposure to the digital asset within a traditional brokerage account.
Read more on IBIT →