Hormel Foods Corp vs First Trust NASDAQ 100 Technology Index Fund — how do they compare? Hormel Foods Corp trades at $24.36 (market cap $13.37B), while First Trust NASDAQ 100 Technology Index Fund trades at $315.63. The key difference: Hormel Foods Corp pays a 4.81% dividend while First Trust NASDAQ 100 Technology Index Fund pays none, and First Trust NASDAQ 100 Technology Index Fund is trading nearer its 52-week high, Hormel Foods Corp nearer its low. Which is the better fit depends on your goals.
| HRL | QTEC | |
|---|---|---|
Market Cap | $13.37B | — |
Sector | Consumer Staples | Broad Market / Factor |
52-Week High | $29.25 | $335.74 |
52-Week Low | $19.74 | $207.03 |
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 →QTEC is an ETF that seeks to track the performance of the NASDAQ-100 Technology Sector Index. The fund provides targeted exposure to companies within the NASDAQ-100 that are classified as technology or telecommunications companies, focusing on firms involved in software, hardware, and related services. QTEC is a tool for investors seeking focused exposure to high-growth, large-cap technology companies listed on the NASDAQ exchange.
Read more on QTEC →