AMG National Trust Bank Has $12.05 Million Stock Holdings in Hormel Foods Corporation $HRL

AMG National Trust Bank cut its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,197 shares of the company’s stock after selling 2,046 shares during the period. AMG National Trust Bank owned about 0.07% of Hormel Foods worth $12,045,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HRL. Pacer Advisors Inc. boosted its position in 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 during the period. Alyeska Investment Group L.P. boosted its position in 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 during the period. Nuveen LLC acquired a new stake in Hormel Foods during the 1st quarter worth approximately $23,427,000. Dimensional Fund Advisors LP boosted its position in 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 during the period. Finally, Advisors Preferred LLC acquired a new stake in Hormel Foods during the 1st quarter worth approximately $8,961,000. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HRL shares. Barclays reiterated an “overweight” rating and set a $34.00 target price (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Zacks Research lowered shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lowered their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, August 29th. The Goldman Sachs Group set a $27.00 price target on shares of Hormel Foods and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.71.

Hormel Foods Stock Performance

NYSE:HRL opened at $21.27 on Friday. The company has a fifty day moving average of $24.78 and a 200-day moving average of $28.05. The firm has a market capitalization of $11.70 billion, a P/E ratio of 15.52, a P/E/G ratio of 4.95 and a beta of 0.29. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a twelve month low of $21.22 and a twelve month high of $33.80.

Hormel Foods (NYSE:HRL) last released 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). The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate 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 firm 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. As a group, sell-side analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.5%. Hormel Foods’s payout ratio is currently 84.67%.

About Hormel Foods

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.