Hoese & Co LLP Acquires Shares of 3,000 Hormel Foods Corporation $HRL

Hoese & Co LLP acquired a new stake in Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds also recently bought and sold shares of the company. Cromwell Holdings LLC raised its holdings in Hormel Foods by 162.7% in 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 during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Hormel Foods in the 1st quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Hormel Foods during the first quarter worth about $38,000. Quarry LP acquired a new stake in Hormel Foods during the first quarter worth about $41,000. Finally, YANKCOM Partnership increased its position in Hormel Foods by 18.5% during the first quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock worth $95,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Price Performance

Shares of HRL opened at $24.05 on Friday. Hormel Foods Corporation has a 1-year low of $23.13 and a 1-year high of $33.80. The stock has a market cap of $13.23 billion, a PE ratio of 17.56, a P/E/G ratio of 5.30 and a beta of 0.29. The firm has a 50-day simple moving average of $25.72 and a two-hundred day simple moving average of $28.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.8%. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Wall Street Analyst Weigh In

HRL has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Finally, Bank of America cut 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 report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average price target of $30.88.

About Hormel Foods

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.