M&T Bank Corp Takes $671,000 Position in Hormel Foods Corporation $HRL

Posted by George Bondi on May 12th, 2026

M&T Bank Corp bought a new stake in Hormel Foods Corporation (NYSE:HRL – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 28,342 shares of the company’s stock, valued at approximately $671,000.

Several other institutional investors also recently modified their holdings of HRL. Invesco Ltd. grew its holdings in shares of Hormel Foods by 66.5% in the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock valued at $280,352,000 after acquiring an additional 4,526,167 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hormel Foods by 297.6% in the third quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock valued at $103,815,000 after acquiring an additional 3,142,670 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Hormel Foods by 126.2% in the third quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock valued at $78,538,000 after acquiring an additional 1,770,852 shares in the last quarter. Barclays PLC grew its holdings in shares of Hormel Foods by 97.1% in the third quarter. Barclays PLC now owns 2,010,924 shares of the company’s stock valued at $49,750,000 after acquiring an additional 990,861 shares in the last quarter. Finally, JPMorgan Chase & Co. grew 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 acquiring an additional 826,564 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

Hormel Foods Trading Down 1.3%

NYSE:HRL opened at $20.17 on Tuesday. Hormel Foods Corporation has a 1 year low of $19.89 and a 1 year high of $31.86. The stock’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $23.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37. The company has a market cap of $11.10 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.48 and a beta of 0.33.

Hormel Foods (NYSE:HRL – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, analysts expect that Hormel Foods Corporation will post 1.42 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 13th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, April 13th. Hormel Foods’s dividend payout ratio (DPR) is presently 131.46%.

Analyst Ratings Changes

Several equities analysts have weighed in on HRL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Wall Street Zen raised Hormel Foods from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Stephens increased their price objective on Hormel Foods from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.00.

View Our Latest Stock Report on HRL

About Hormel Foods

(Free Report)

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.