Blair William & Co. IL Buys 5,296 Shares of Hormel Foods Corporation $HRL

Blair William & Co. IL boosted its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 72.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,628 shares of the company’s stock after acquiring an additional 5,296 shares during the quarter. Blair William & Co. IL’s holdings in Hormel Foods were worth $382,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Hormel Foods by 84.6% in the 1st quarter. SG Americas Securities LLC now owns 24,285 shares of the company’s stock valued at $751,000 after purchasing an additional 11,126 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hormel Foods by 1.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 130,755 shares of the company’s stock valued at $4,046,000 after purchasing an additional 1,597 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hormel Foods by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 67,096 shares of the company’s stock valued at $2,075,000 after purchasing an additional 960 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Hormel Foods by 17.1% in the 1st quarter. Blue Trust Inc. now owns 3,220 shares of the company’s stock valued at $100,000 after purchasing an additional 471 shares during the last quarter. Finally, Praxis Investment Management Inc. boosted its stake in shares of Hormel Foods by 30.4% in the 1st quarter. Praxis Investment Management Inc. now owns 35,120 shares of the company’s stock valued at $1,087,000 after purchasing an additional 8,190 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Price Performance

Shares of HRL opened at $24.05 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $25.72 and its 200 day simple moving average is $28.48. Hormel Foods Corporation has a 1-year low of $23.13 and a 1-year high of $33.80. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 5.30 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, research analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a yield of 4.8%. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HRL shares. Barclays reiterated an “overweight” rating and issued a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Bank of America dropped their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. The Goldman Sachs Group dropped their target price on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.88.

Hormel Foods Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.