Hormel Foods Corporation $HRL Stock Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of Hormel Foods Corporation (NYSE:HRL) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,352 shares of the company’s stock after buying an additional 23,320 shares during the period. HighTower Advisors LLC’s holdings in Hormel Foods were worth $2,592,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in Hormel Foods during the 2nd quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in Hormel Foods during the 4th quarter worth approximately $25,000. Federated Hermes Inc. bought a new position in Hormel Foods during the 3rd quarter worth approximately $31,000. Brown Brothers Harriman & Co. lifted its holdings in Hormel Foods by 514.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after buying an additional 1,266 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Hormel Foods during the 3rd quarter worth approximately $64,000. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Up 0.1%

Shares of Hormel Foods stock opened at $23.26 on Monday. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $21.41 and its 200-day simple moving average is $22.98. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.07 and a beta of 0.35. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results 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 business had revenue of $2.97 billion for 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 period in the prior 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 Corporation will post 1.47 earnings per share for the current year.

Hormel Foods Announces Dividend

The business also recently declared 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, July 13th. Hormel Foods’s dividend payout ratio is presently 137.65%.

Analysts Set New Price Targets

A number of research firms have commented on HRL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Bank of America increased their price target on Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Stephens increased their price target on Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.67.

Key Hormel Foods News

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.