Handelsbanken Fonder AB Has $1.42 Million Stock Holdings in Hormel Foods Corporation $HRL

Handelsbanken Fonder AB lessened its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 51.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,800 shares of the company’s stock after selling 62,249 shares during the period. Handelsbanken Fonder AB’s holdings in Hormel Foods were worth $1,417,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC grew its holdings in Hormel Foods by 107.5% during the 3rd quarter. Wealthfront Advisers LLC now owns 456,666 shares of the company’s stock worth $11,298,000 after acquiring an additional 236,637 shares during the period. ProShare Advisors LLC grew its holdings in Hormel Foods by 11.2% during the 3rd quarter. ProShare Advisors LLC now owns 5,769,398 shares of the company’s stock worth $142,735,000 after acquiring an additional 581,006 shares during the period. Vanguard Group Inc. grew its holdings in Hormel Foods by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock worth $930,121,000 after acquiring an additional 729,942 shares during the period. Vest Financial LLC grew its holdings in Hormel Foods by 9.1% during the 4th quarter. Vest Financial LLC now owns 2,042,541 shares of the company’s stock worth $48,408,000 after acquiring an additional 171,137 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Hormel Foods by 297.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock worth $103,815,000 after acquiring an additional 3,142,670 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HRL. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a report on Thursday. JPMorgan Chase & Co. reiterated 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. Finally, Stephens set a $22.00 price target on Hormel Foods and gave the stock an “equal weight” rating in a report on Thursday. Three 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 currently has a consensus rating of “Hold” and an average price target of $26.00.

Hormel Foods Stock Up 0.2%

Hormel Foods stock opened at $21.28 on Tuesday. The company has a 50 day moving average of $21.45 and a 200-day moving average of $22.97. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86. The stock has a market capitalization of $11.71 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.92 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities research analysts anticipate that Hormel Foods Corporation will post 1.41 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. Hormel Foods’s dividend payout ratio is presently 131.46%.

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.