Royal Bank of Canada Acquires 82,028 Shares of Hormel Foods Corporation $HRL

Posted by Francis Steltz on Aug 12th, 2026

Royal Bank of Canada raised its holdings in Hormel Foods Corporation (NYSE:HRL – Free Report) by 37.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 300,674 shares of the company’s stock after buying an additional 82,028 shares during the quarter. Royal Bank of Canada owned 0.05% of Hormel Foods worth $6,811,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vest Financial LLC raised its stake in Hormel Foods by 9.1% during the 4th quarter. Vest Financial LLC now owns 2,042,541 shares of the company’s stock valued at $48,408,000 after purchasing an additional 171,137 shares during the last quarter. Masters Capital Management LLC acquired a new stake in Hormel Foods in the 1st quarter worth $19,252,000. Fidelity National Financial Inc. bought a new position in shares of Hormel Foods during the 4th quarter worth about $15,642,000. BNP Paribas Financial Markets increased its holdings in shares of Hormel Foods by 21.2% during the 4th quarter. BNP Paribas Financial Markets now owns 465,204 shares of the company’s stock worth $11,025,000 after purchasing an additional 81,420 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Hormel Foods by 9.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,615,614 shares of the company’s stock valued at $38,290,000 after buying an additional 138,439 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HRL has been the subject of several research reports. Bank of America increased their target price 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. BNP Paribas Exane upped their price target on Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research report on Friday, July 17th. Stephens reissued an “equal weight” rating and set a $25.00 price objective on shares of Hormel Foods in a report on Thursday, July 9th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.14.

Read Our Latest Stock Report on HRL

Insider Activity at Hormel Foods

In related news, Director Gary C. Bhojwani sold 20,200 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the sale, the director owned 32,002 shares of the company’s stock, valued at $784,369.02. The trade was a 38.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is owned by company insiders.

Hormel Foods Price Performance

Shares of Hormel Foods stock opened at $24.29 on Wednesday. The firm has a market cap of $13.37 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.84 and a beta of 0.34. The firm’s 50-day simple moving average is $24.86 and its 200-day simple moving average is $23.46. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $29.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94.

Hormel Foods (NYSE:HRL – Get Free Report) last announced 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. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, research analysts expect that Hormel Foods Corporation will post 1.5 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is 137.65%.

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.