Hormel Foods versus Campbell's Largo
Hormel Foods CorporationNYSE
Descripción
⋅ Hormel Foods is an industrial scale grocery supplier. Similar footprint to that of Campbell's CPB but with a lower OpEx and higher revenues.
Notably, the company trades at nearly 3x P/S versus Campbell's which trades at 2x P/S.
Both seem like logical, undervalued, consumer staples, though I would see a convergence in this price differential as we come closer to earnings.