Hormel Foods (NYSE:HRL) Director Gary Bhojwani Sells 20,200 Shares of Stock

Posted by George Bondi on Jul 11th, 2026

Hormel Foods Corporation (NYSE:HRL – Get Free Report) Director Gary Bhojwani sold 20,200 shares of Hormel Foods stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the sale, the director directly owned 32,002 shares in the company, valued at approximately $784,369.02. This represents a 38.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hormel Foods Stock Performance

Shares of Hormel Foods stock traded up $0.40 on Friday, reaching $24.73. 2,650,121 shares of the company traded hands, compared to its average volume of 4,021,458. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $31.54. The company has a 50 day moving average of $23.07 and a 200 day moving average of $23.25. The firm has a market capitalization of $13.61 billion, a PE ratio of 29.10, a PEG ratio of 2.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97.

Hormel Foods (NYSE:HRL – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. Hormel Foods’s revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Hormel Foods Corporation will post 1.5 earnings per share for the current year.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 13th will be paid a $0.2925 dividend. The ex-dividend date is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 4.7%. Hormel Foods’s payout ratio is presently 137.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HRL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. The Goldman Sachs Group set a $25.00 target price on shares of Hormel Foods in a research note on Thursday, May 21st. Stephens reissued an “equal weight” rating and issued a $25.00 price target on shares of Hormel Foods in a research report on Thursday. Finally, Bank of America upped their price target on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

View Our Latest Research Report on HRL

Institutional Investors Weigh In On Hormel Foods

A number of institutional investors and hedge funds have recently modified their holdings of HRL. GoalVest Advisory LLC purchased a new position in Hormel Foods during the fourth quarter valued at approximately $25,000. MUFG Securities EMEA plc purchased a new stake in Hormel Foods in the 2nd quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in Hormel Foods in the 4th quarter valued at $27,000. Motiv8 Investments LLC bought a new position in Hormel Foods in the 4th quarter valued at $28,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock valued at $31,000 after purchasing an additional 1,025 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

About Hormel Foods

(Get 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.