Quantinno Capital Management LP Purchases 21,824 Shares of Hormel Foods Corporation $HRL

Posted by Francis Steltz on Aug 4th, 2026

Quantinno Capital Management LP increased its position in shares of Hormel Foods Corporation (NYSE:HRL – Free Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 497,409 shares of the company’s stock after buying an additional 21,824 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Hormel Foods worth $11,266,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Hormel Foods by 1.0% during the third quarter. State Street Corp now owns 28,338,645 shares of the company’s stock worth $701,098,000 after acquiring an additional 269,941 shares in the last quarter. Invesco Ltd. raised its stake 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 worth $280,352,000 after purchasing an additional 4,526,167 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hormel Foods by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,080,832 shares of the company’s stock valued at $190,805,000 after purchasing an additional 63,583 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hormel Foods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,849,174 shares of the company’s stock valued at $155,152,000 after purchasing an additional 134,983 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Hormel Foods by 14.7% during the fourth quarter. ProShare Advisors LLC now owns 6,618,755 shares of the company’s stock valued at $156,864,000 after buying an additional 849,357 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Friday, July 17th. BNP Paribas Exane upped their price objective on shares of Hormel Foods from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reissued 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. Stephens reaffirmed an “equal weight” rating and issued a $25.00 target price on shares of Hormel Foods in a report on Thursday, July 9th. Finally, The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.14.

Check Out Our Latest Report on Hormel Foods

Insider Activity at Hormel Foods

In related news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the transaction, the director directly owned 32,002 shares of the company’s stock, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

Hormel Foods Price Performance

Shares of NYSE HRL opened at $25.23 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $23.44. Hormel Foods Corporation has a 1-year low of $19.70 and a 1-year high of $29.34. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.88 and a beta of 0.34.

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

Hormel Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 4.6%. Hormel Foods’s payout ratio is 137.65%.

Hormel Foods Company Profile

(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.