Eurizon Capital SGR S.p.A. Purchases Shares of 25,602 Hormel Foods Corporation $HRL

Eurizon Capital SGR S.p.A. purchased a new stake in Hormel Foods Corporation (NYSE:HRL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,602 shares of the company’s stock, valued at approximately $607,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Hormel Foods by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock valued at $930,121,000 after buying an additional 729,942 shares during the last quarter. State Street Corp grew its position in shares of Hormel Foods by 1.0% in the 3rd quarter. State Street Corp now owns 28,338,645 shares of the company’s stock valued at $701,098,000 after acquiring an additional 269,941 shares during the period. Invesco Ltd. grew its position in shares of Hormel Foods by 66.5% in the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock valued at $280,352,000 after acquiring an additional 4,526,167 shares during the period. Geode Capital Management LLC grew its position in shares of Hormel Foods by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,080,832 shares of the company’s stock valued at $190,805,000 after acquiring an additional 63,583 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Hormel Foods by 14.7% in the 4th quarter. ProShare Advisors LLC now owns 6,618,755 shares of the company’s stock valued at $156,864,000 after acquiring an additional 849,357 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Price Performance

HRL stock opened at $23.14 on Thursday. The company has a 50 day simple moving average of $21.47 and a 200 day simple moving average of $22.99. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.69 and a beta of 0.35. Hormel Foods Corporation has a 1 year low of $19.70 and a 1 year high of $31.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Research analysts anticipate that Hormel Foods Corporation will post 1.49 EPS for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors 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 yield of 5.1%. The ex-dividend date is Monday, July 13th. Hormel Foods’s dividend payout ratio is currently 137.65%.

Analyst Ratings Changes

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

Hormel Foods 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.