Hormel Foods Corporation $HRL Shares Acquired by Ethic Inc.

Ethic Inc. increased its position in shares of Hormel Foods Corporation (NYSE:HRL) by 39.5% in the second quarter, HoldingsChannel reports. The firm owned 100,795 shares of the company’s stock after acquiring an additional 28,521 shares during the quarter. Ethic Inc.’s holdings in Hormel Foods were worth $3,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRL. Cromwell Holdings LLC lifted its holdings in shares of Hormel Foods by 162.7% during the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after purchasing an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Hormel Foods during the first quarter worth about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hormel Foods during the first quarter worth about $38,000. Quarry LP acquired a new stake in shares of Hormel Foods during the first quarter worth about $41,000. Finally, Hoese & Co LLP acquired a new stake in shares of Hormel Foods during the second quarter worth about $91,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. reduced their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Hormel Foods currently has an average rating of “Hold” and an average target price of $31.29.

Hormel Foods Stock Up 0.1%

Shares of HRL stock opened at $23.80 on Friday. The stock has a 50 day moving average of $25.26 and a 200 day moving average of $28.26. 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 stock has a market cap of $13.09 billion, a P/E ratio of 17.37, a P/E/G ratio of 5.30 and a beta of 0.29. Hormel Foods Corporation has a twelve month low of $23.13 and a twelve month high of $33.80.

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

Hormel Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be given a $0.29 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. Hormel Foods’s payout ratio is 84.67%.

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.