Deutsche Bank AG Invests $32.45 Million in Hormel Foods Corporation $HRL

Posted by Brian Himes on Aug 22nd, 2026

Deutsche Bank AG purchased a new position in Hormel Foods Corporation (NYSE:HRL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,307,234 shares of the company’s stock, valued at approximately $32,446,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in shares of Hormel Foods by 66.5% in the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after buying an additional 4,526,167 shares during the last quarter. Norges Bank acquired a new stake in shares of Hormel Foods in the fourth quarter valued at about $85,840,000. Epoch Investment Partners Inc. purchased a new position in Hormel Foods in the first quarter worth approximately $44,733,000. Freestone Grove Partners LP acquired a new position in Hormel Foods during the fourth quarter worth $43,340,000. Finally, Two Sigma Investments LP boosted its position in Hormel Foods by 126.2% in the 3rd quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock valued at $78,538,000 after buying an additional 1,770,852 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America upped their price objective 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 lifted their price objective on shares of Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings raised Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Stephens reiterated an “equal weight” rating and issued a $25.00 price target on shares of Hormel Foods in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Hormel Foods has an average rating of “Hold” and an average target price of $26.57.

Get Our Latest Analysis on HRL

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the sale, the director owned 32,002 shares in the company, valued at approximately $784,369.02. The trade was a 38.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

Hormel Foods Stock Down 0.7%

Shares of HRL opened at $23.90 on Friday. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week 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. The firm has a market capitalization of $13.15 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a 50-day simple moving average of $24.91 and a 200-day simple moving average of $23.45.

Hormel Foods (NYSE:HRL – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company earned $0.35 EPS. Hormel Foods’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Hormel Foods Corporation will post 1.5 earnings per share for the current year.

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.