Blair William & Co. IL Buys 5,296 Shares of Hormel Foods Corporation $HRL

Blair William & Co. IL boosted its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 72.2% in the second quarter, HoldingsChannel reports. The firm owned 12,628 shares of the company’s stock after purchasing an additional 5,296 shares during the quarter. Blair William & Co. IL’s holdings in Hormel Foods were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Hormel Foods by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock worth $128,594,000 after purchasing an additional 405,719 shares during the period. Northern Trust Corp boosted its position in Hormel Foods by 1.4% during the first quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock worth $93,051,000 after purchasing an additional 41,236 shares during the period. Pacer Advisors Inc. boosted its position in Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock worth $72,270,000 after purchasing an additional 2,312,024 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Hormel Foods by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock worth $65,698,000 after purchasing an additional 52,736 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in Hormel Foods by 485.7% during the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after purchasing an additional 1,628,382 shares during the period. 40.99% of the stock is owned by institutional investors.

Hormel Foods Stock Up 1.3%

HRL stock opened at $24.05 on Friday. The company has a market cap of $13.23 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 5.30 and a beta of 0.29. The business has a 50-day simple moving average of $25.72 and a 200 day simple moving average of $28.48. Hormel Foods Corporation has a 52 week low of $23.13 and a 52 week high of $33.80. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $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. Sell-side analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. The Goldman Sachs Group reduced their target price 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Bank of America reduced their target price 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. Finally, Barclays reissued an “overweight” rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.88.

Hormel Foods Company 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.