Piper Sandler Lowers Hormel Foods (NYSE:HRL) Price Target to $25.00

Hormel Foods (NYSE:HRL) had its price objective cut by equities research analysts at Piper Sandler from $26.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 13.40% from the stock’s previous close.

HRL has been the subject of a number of other reports. Bank of America cut their target price on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Barclays reissued an “overweight” rating and issued a $34.00 price target (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reiterated 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, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.00.

Hormel Foods Stock Up 1.5%

HRL opened at $22.05 on Thursday. Hormel Foods has a 52 week low of $21.03 and a 52 week high of $33.80. 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 has a 50 day moving average price of $24.05 and a two-hundred day moving average price of $27.69. The company has a market cap of $12.12 billion, a PE ratio of 16.09, a P/E/G ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $0.37 earnings per share. The business’s quarterly 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. As a group, research analysts anticipate that Hormel Foods will post 1.65 EPS for the current year.

Institutional Trading of Hormel Foods

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Hormel Foods in the second quarter worth about $101,201,000. Pacer Advisors Inc. raised its position 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. Alyeska Investment Group L.P. lifted its position in Hormel Foods by 485.7% in the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after purchasing an additional 1,628,382 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hormel Foods by 58.6% in the third quarter. JPMorgan Chase & Co. now owns 2,237,005 shares of the company’s stock valued at $55,345,000 after buying an additional 826,564 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Hormel Foods by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 36,865,901 shares of the company’s stock valued at $1,115,194,000 after purchasing an additional 805,449 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

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.