Sovereign Financial Group Inc. Reduces Position in Hormel Foods Corporation $HRL

Sovereign Financial Group Inc. lessened its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,418 shares of the company’s stock after selling 2,300 shares during the period. Sovereign Financial Group Inc.’s holdings in Hormel Foods were worth $466,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its stake in Hormel Foods by 162.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after acquiring an additional 620 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Hormel Foods during the 1st quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hormel Foods during the 1st quarter valued at about $38,000. Quarry LP purchased a new stake in Hormel Foods during the 1st quarter valued at about $41,000. Finally, YANKCOM Partnership grew its stake in Hormel Foods by 18.5% during the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock valued at $95,000 after acquiring an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America dropped their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. dropped their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group dropped their price target on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.88.

Hormel Foods Stock Performance

NYSE:HRL opened at $23.74 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The stock has a market capitalization of $13.06 billion, a P/E ratio of 17.33, a PEG ratio of 5.29 and a beta of 0.29. The company has a 50 day moving average price of $26.18 and a 200 day moving average price of $28.69. Hormel Foods Corporation has a fifty-two week low of $23.68 and a fifty-two week high of $33.80.

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). The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities research analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Hormel Foods Profile

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.