Dorsey & Whitney Trust CO LLC Cuts Stock Holdings in Hormel Foods Corporation $HRL

Dorsey & Whitney Trust CO LLC decreased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 19.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 191,314 shares of the company’s stock after selling 47,636 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Hormel Foods were worth $4,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Wealthfront Advisers LLC grew its position in shares of Hormel Foods by 107.5% in the 3rd quarter. Wealthfront Advisers LLC now owns 456,666 shares of the company’s stock worth $11,298,000 after buying an additional 236,637 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Hormel Foods by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock worth $930,121,000 after buying an additional 729,942 shares during the last quarter. Vest Financial LLC boosted its stake in Hormel Foods by 9.1% in the 4th quarter. Vest Financial LLC now owns 2,042,541 shares of the company’s stock worth $48,408,000 after purchasing an additional 171,137 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Hormel Foods by 297.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock worth $103,815,000 after purchasing an additional 3,142,670 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Hormel Foods by 18.5% in the 3rd quarter. First Trust Advisors LP now owns 2,661,529 shares of the company’s stock worth $65,846,000 after purchasing an additional 415,915 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Shares of NYSE HRL opened at $24.33 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. Hormel Foods Corporation has a 12 month low of $19.70 and a 12 month high of $31.86. The company has a 50 day simple moving average of $21.56 and a two-hundred day simple moving average of $23.04. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.76 and a beta of 0.35.

Hormel Foods (NYSE:HRL) last announced 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. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the business posted $0.35 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, analysts predict that Hormel Foods Corporation will post 1.5 earnings per share for the current year.

Hormel Foods Dividend Announcement

The firm also recently disclosed 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. This represents a $1.17 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, July 13th. Hormel Foods’s payout ratio is presently 137.65%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Bank of America lifted their target price on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. The Goldman Sachs Group set a $25.00 target price on shares of Hormel Foods in a research note on Thursday, May 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. Finally, Stephens lifted their target price on shares of Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

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.