Mizuho Markets Americas LLC Sells 32,199 Shares of Hormel Foods Corporation $HRL

Mizuho Markets Americas LLC lessened its position in shares of Hormel Foods Corporation (NYSE:HRL) by 79.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,435 shares of the company’s stock after selling 32,199 shares during the period. Mizuho Markets Americas LLC’s holdings in Hormel Foods were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cromwell Holdings LLC increased its holdings in Hormel Foods by 162.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after acquiring an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Hormel Foods during the 1st quarter worth approximately $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hormel Foods during the 1st quarter worth approximately $38,000. Quarry LP bought a new stake in Hormel Foods during the 1st quarter worth approximately $41,000. Finally, Hoese & Co LLP bought a new stake in Hormel Foods during the 2nd quarter worth approximately $91,000. Institutional investors own 40.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HRL. The Goldman Sachs Group decreased their target price on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Bank of America decreased their price target on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Finally, Barclays reissued an “overweight” rating and issued a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.29.

Hormel Foods Price Performance

Shares of Hormel Foods stock opened at $23.69 on Wednesday. Hormel Foods Corporation has a 52-week low of $23.13 and a 52-week high of $33.80. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 5.29 and a beta of 0.29. The company has a fifty day moving average of $25.07 and a 200-day moving average of $28.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company posted $0.37 EPS. Hormel Foods’s revenue for the quarter was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities research analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be given 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 4.9%. Hormel Foods’s dividend payout ratio is presently 84.67%.

Hormel Foods 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.