Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 81,100 Shares of Hormel Foods Corporation $HRL

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Hormel Foods Corporation (NYSE:HRL) by 37.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,852 shares of the company’s stock after selling 81,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hormel Foods were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC bought a new stake in shares of Hormel Foods in the fourth 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. Federated Hermes Inc. bought a new stake in shares of Hormel Foods in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of Hormel Foods by 514.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after buying an additional 1,266 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Hormel Foods by 110.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock valued at $53,000 after buying an additional 1,186 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens boosted their price target on Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Bank of America boosted their price target on Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Two investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.67.

Hormel Foods Stock Up 0.2%

NYSE HRL opened at $23.68 on Tuesday. The business has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $23.02. 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 Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $31.86. The stock has a market capitalization of $13.03 billion, a PE ratio of 27.85, a PEG ratio of 2.72 and a beta of 0.35.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities analysts expect that Hormel Foods Corporation will post 1.5 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 13th will be paid a dividend of $0.2925 per share. The ex-dividend date is Monday, July 13th. This represents a $1.17 annualized dividend and a yield of 4.9%. Hormel Foods’s dividend payout ratio is presently 137.65%.

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.