AXQ Capital LP Purchases Shares of 39,149 Hormel Foods Corporation $HRL

AXQ Capital LP purchased a new stake in shares of Hormel Foods Corporation (NYSE:HRL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,149 shares of the company’s stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC increased its stake in Hormel Foods by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock valued at $1,308,000 after purchasing an additional 437 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Hormel Foods by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock worth $367,000 after acquiring an additional 440 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Hormel Foods by 6.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 8,583 shares of the company’s stock worth $203,000 after acquiring an additional 483 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in Hormel Foods by 3.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock worth $332,000 after acquiring an additional 486 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Hormel Foods by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company’s stock worth $2,236,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HRL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a report on Thursday, May 21st. Stephens lifted their price objective on shares of Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Bank of America lifted their price objective on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.67.

Hormel Foods Price Performance

NYSE HRL opened at $23.33 on Wednesday. The company has a market cap of $12.84 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $31.86. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $21.43 and its two-hundred day simple moving average is $22.98.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Research analysts predict that Hormel Foods Corporation will post 1.49 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. The ex-dividend date is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.0%. Hormel Foods’s dividend payout ratio is currently 137.65%.

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.