Hormel Foods (NYSE:HRL) Given New $25.00 Price Target at Stephens

Hormel Foods (NYSE:HRL) had its price objective lifted by Stephens from $22.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on HRL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.67.

Hormel Foods Stock Down 1.4%

Hormel Foods stock opened at $23.26 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 1.37. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.13 and a beta of 0.33. Hormel Foods has a 1-year low of $19.70 and a 1-year high of $31.86. The business has a fifty day moving average price of $21.41 and a 200-day moving average price of $22.97.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities research analysts forecast that Hormel Foods will post 1.46 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.0%. Hormel Foods’s dividend payout ratio is currently 131.46%.

Institutional Trading of Hormel Foods

A number of large investors have recently modified their holdings of the stock. Caxton Associates LLP purchased a new position in Hormel Foods in the first quarter valued at $310,000. Empowered Funds LLC boosted its stake in shares of Hormel Foods by 1.8% during the first quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after buying an additional 993 shares during the period. Woodline Partners LP boosted its stake in shares of Hormel Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock worth $761,000 after buying an additional 7,129 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Hormel Foods by 214.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company’s stock worth $143,000 after buying an additional 3,226 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Hormel Foods by 76.5% during the second quarter. Cerity Partners LLC now owns 103,616 shares of the company’s stock worth $3,134,000 after buying an additional 44,906 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Trending Headlines about Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat quarterly earnings and revenue expectations, with broad-based segment profit growth and stronger adjusted margins supporting the stock. Reuters article
• Positive Sentiment: Management reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51, signaling confidence that the profit recovery can continue even after portfolio changes. PR Newswire release
• Positive Sentiment: Analysts responded by raising price targets to $25 from $22-$23, suggesting more upside is possible if the turnaround continues. Benzinga article
• Neutral Sentiment: Hormel updated GAAP EPS guidance lower due to items tied to the turkey business divestiture, but said the impact on adjusted earnings should be minimal.
• Neutral Sentiment: Some reports noted that profit was lower year over year, even though results still came in ahead of expectations and showed operational improvement. WSJ article

About Hormel Foods

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.