Koss Olinger Consulting LLC Has $434,000 Holdings in Hormel Foods Corporation $HRL

Koss Olinger Consulting LLC lessened its position in shares of Hormel Foods Corporation (NYSE:HRL) by 8.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,348 shares of the company’s stock after selling 1,366 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Hormel Foods were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Hormel Foods by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock worth $128,594,000 after buying an additional 405,719 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Hormel Foods by 1.4% during the 1st quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock worth $93,051,000 after buying an additional 41,236 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Hormel Foods by 9,725.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock worth $72,270,000 after buying an additional 2,312,024 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Hormel Foods by 2.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock worth $65,698,000 after buying an additional 52,736 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Hormel Foods by 485.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after buying an additional 1,628,382 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HRL. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Bank of America cut their target price on 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 cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group cut their target price on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a 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 issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

Hormel Foods Price Performance

Shares of HRL opened at $23.76 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $25.17 and its 200 day moving average is $28.20. Hormel Foods Corporation has a 12-month low of $23.13 and a 12-month high of $33.80. The stock has a market cap of $13.07 billion, a P/E ratio of 17.34, a P/E/G ratio of 5.31 and a beta of 0.29.

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

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a yield of 4.9%. Hormel Foods’s dividend payout ratio (DPR) 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.