Hormel Foods Corp vs Invesco Preferred ETF — how do they compare? Hormel Foods Corp trades at $25.19 (market cap $13.91B), while Invesco Preferred ETF trades at $10.79. The key difference: Hormel Foods Corp pays a 4.63% dividend while Invesco Preferred ETF pays none, and Hormel Foods Corp is trading nearer its 52-week high, Invesco Preferred ETF nearer its low. Which is the better fit depends on your goals.
| HRL | PGX | |
|---|---|---|
Market Cap | $13.91B | — |
Sector | Consumer Staples | — |
52-Week High | $29.52 | $11.87 |
52-Week Low | $19.74 | $10.81 |
Enterprise Value | $15.91B | — |
Dividend Yield | 4.63% | — |
Trailing returns across standard periods
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 →The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC selects securities for the index, which is a market capitalization-weighted index designed to measure the performance of the fixed rate US dollar-denominated preferred securities market.
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