SG Americas Securities LLC Has $4.77 Million Position in Hormel Foods Corporation $HRL

SG Americas Securities LLC lifted its holdings in Hormel Foods Corporation (NYSE:HRL) by 299.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,438 shares of the company’s stock after purchasing an additional 151,025 shares during the period. SG Americas Securities LLC’s holdings in Hormel Foods were worth $4,774,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC acquired a new stake in Hormel Foods in the 4th quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hormel Foods in the second quarter valued at approximately $26,000. Caldwell Trust Co bought a new stake in shares of Hormel Foods in the second quarter valued at approximately $30,000. Federated Hermes Inc. acquired a new stake in shares of Hormel Foods in the third quarter worth $31,000. Finally, Brown Brothers Harriman & Co. increased its position in Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,266 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Stock Down 2.7%

Shares of HRL stock opened at $22.04 on Thursday. Hormel Foods Corporation has a one year low of $21.03 and a one year high of $32.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37. The stock has a fifty day moving average price of $23.95 and a 200 day moving average price of $23.70. The stock has a market cap of $12.13 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.72 and a beta of 0.32.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 13th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, April 13th. Hormel Foods’s dividend payout ratio is 131.46%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HRL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Hormel Foods in a research note on Friday, December 5th. Finally, Wall Street Zen raised Hormel Foods from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.71.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.