BNP Paribas Financial Markets Increases Stock Holdings in Hormel Foods Corporation $HRL

BNP Paribas Financial Markets increased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,204 shares of the company’s stock after buying an additional 81,420 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hormel Foods were worth $11,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Hormel Foods Stock Performance

NYSE HRL opened at $23.66 on Monday. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.72 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. 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 stock has a 50-day moving average of $21.49 and a 200 day moving average of $23.01.

Hormel Foods (NYSE:HRL) last released 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 company had revenue of $2.97 billion during 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%.Hormel Foods’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Sell-side analysts anticipate that Hormel Foods Corporation will post 1.5 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on HRL. 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 note on Friday, May 29th. Weiss Ratings restated 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 target price on shares of Hormel Foods in a research report on Thursday, May 21st. Stephens boosted their target price 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 report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.