This stock has paid dividends continuously since 1928—almost 100 years!

$HRL (+4,3%)

$HRL (+4,3%) Hormel Foods was the "driver" yesterday. 6 quarters in a row negative.... Steadily increased my position (currently 2500 shares) and believed in the company.... Yesterday's quarterly report, expectations met or exceeded... Price increase per share €2.20...

$UPS (+1,88%) was also able to gain...

$HRL (+4,3%) Dividend for 1500 shares have now been increased to 2500 shares...

I have noticed that shares in food manufacturers are somehow not in demand at all at the moment. Why is that? Consumer staples and food should actually offer a certain degree of resilience in turbulent times, as people always eat regardless of economic growth and the economy. So why is this sector just bobbing around like this?

Here are a few examples:

$ULVR (+3,64%) Unilever, YTD = -9.1% , P/E=18.3, Divi = 4%

$NESN (+2,95%) Nestle, YTD = + 2.4%, P/E=22.4, Divi = 4%

$HRL (+4,3%) Hormel Foods, YTD = -11% , P/E=23.3 , Divi = 5.7%

$GIS (+7,62%) General Mills, YTD = -21.8%, P/E=8.6 , Divi = 6.8%

$KHC (+6,81%) Kraft Heinz, YTD = -3.1% , P/E=negative , Divi = 6.8%

$FLO Flowers Foods, YTD = -20% , P/E=21.81 , Divi = 11.5%

$NOMD (+2,83%) Normad Foods, YTD = -17.2% , P/E=9.8 , Divi = 6.8%

$TBS (+0,35%) Tiger Brands, YTD = -20% , P/E=12 , Divi = 11.4%

I understand that many branded companies are coming under increasing pressure from the discounters' own brands when the economy is bad, but is that really the whole truth?

(Illustration generated with lovart.ai, modified in Photoshop)

$HRL (+4,3%) meanwhile 2500 shares🙈. I am still convinced of Hormel Foods, the turnaround is coming... High dividend yield, safe for decades!!!!

$HRL (+4,3%) I believe in Hormel. Hormel Foods is undergoing some changes. The sale of the low-margin areas has been completed. The changes will be felt in a few months....