Creative Financial Designs Inc. ADV Has $1.68 Million Stake in Hormel Foods Corporation $HRL

Creative Financial Designs Inc. ADV raised its stake in Hormel Foods Corporation (NYSE:HRL) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 55,490 shares of the company’s stock after buying an additional 792 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Hormel Foods were worth $1,679,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its stake in Hormel Foods by 162.7% in the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after buying an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Hormel Foods during the first quarter worth about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hormel Foods during the first quarter worth about $38,000. Quarry LP acquired a new stake in shares of Hormel Foods during the first quarter worth about $41,000. Finally, Assetmark Inc. raised its position in shares of Hormel Foods by 1,490.7% during the second quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock worth $47,000 after purchasing an additional 1,446 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Stock Up 1.4%

NYSE:HRL opened at $21.60 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The company has a market cap of $11.88 billion, a PE ratio of 15.76, a PEG ratio of 4.95 and a beta of 0.29. Hormel Foods Corporation has a 52-week low of $21.03 and a 52-week high of $33.80. The stock has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $27.99.

Hormel Foods (NYSE:HRL) last posted 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). The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, sell-side analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is currently 84.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HRL shares. JPMorgan Chase & Co. dropped their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. The Goldman Sachs Group set a $27.00 price target on Hormel Foods and gave the stock a “buy” rating in a research report on Thursday. Barclays reaffirmed an “overweight” rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Bank of America dropped their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hormel Foods has a consensus rating of “Hold” and a consensus target price of $30.71.

About Hormel Foods

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.