Corient Private Wealth LP Takes Position in Hormel Foods Corporation $HRL

Posted by Stanley Muller on Sep 4th, 2026

Corient Private Wealth LP purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,158 shares of the company’s stock, valued at approximately $1,642,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Hormel Foods in the 2nd quarter valued at approximately $489,092,000. Invesco Ltd. grew its holdings in Hormel Foods by 66.5% during the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after acquiring an additional 4,526,167 shares during the last quarter. Norges Bank acquired a new position in Hormel Foods in the 4th quarter valued at approximately $85,840,000. Bank of America Corp DE acquired a new position in Hormel Foods in the 2nd quarter valued at approximately $51,787,000. Finally, Epoch Investment Partners Inc. bought a new position in shares of Hormel Foods during the first quarter valued at $44,733,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Insiders Place Their Bets

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the 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 trade represents a 38.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Stephens set a $23.00 target price on Hormel Foods in a research report on Friday, August 28th. BNP Paribas Exane reduced their price target on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 28th. Bank of America increased their price target on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hormel Foods presently has an average rating of “Hold” and a consensus target price of $26.14.

View Our Latest Stock Report on HRL

Hormel Foods Trading Down 1.5%

NYSE:HRL opened at $21.71 on Friday. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $26.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88. The firm’s fifty day moving average is $24.51 and its 200-day moving average is $23.31. The firm has a market cap of $11.95 billion, a P/E ratio of 34.46, a P/E/G ratio of 2.59 and a beta of 0.33.

Hormel Foods (NYSE:HRL – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. Hormel Foods’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities analysts expect that Hormel Foods Corporation will post 1.49 earnings per share for the current year.

Hormel Foods 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.