Fortress Financial Group LLC Buys New Stake in Hormel Foods Corporation $HRL

Posted by Geri Gentry on Aug 23rd, 2026

Fortress Financial Group LLC purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 31,401 shares of the company’s stock, valued at approximately $779,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HRL. State Street Corp boosted its stake in Hormel Foods by 1.0% in the third quarter. State Street Corp now owns 28,338,645 shares of the company’s stock valued at $701,098,000 after acquiring an additional 269,941 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Hormel Foods during the second quarter worth about $489,092,000. Invesco Ltd. increased its position in shares of Hormel Foods by 66.5% during the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after purchasing an additional 4,526,167 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hormel Foods by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,080,832 shares of the company’s stock valued at $190,805,000 after purchasing an additional 63,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hormel Foods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,849,174 shares of the company’s stock valued at $155,152,000 after purchasing an additional 134,983 shares during the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of Hormel Foods stock in a transaction that occurred 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.58% of the company’s stock.

Hormel Foods Price Performance

Shares of NYSE:HRL opened at $23.90 on Friday. Hormel Foods Corporation has a one year low of $19.70 and a one year high of $29.34. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.75 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. 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 released its quarterly earnings results on Wednesday, May 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. On average, analysts predict that Hormel Foods Corporation will post 1.5 EPS for the current year.

Analyst Ratings Changes

HRL has been the subject of a number of research analyst reports. BNP Paribas Exane upped their target price on Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Bank of America lifted their price target on Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. Finally, Stephens restated an “equal weight” rating and set a $25.00 target price on shares of Hormel Foods in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Hormel Foods currently has a consensus rating of “Hold” and a consensus price target of $26.57.

View Our Latest Report on HRL

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.