Hormel Foods Corporation $HRL Shares Purchased by Swedbank AB

Swedbank AB boosted its position in Hormel Foods Corporation (NYSE:HRL) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,192 shares of the company’s stock after acquiring an additional 47,550 shares during the quarter. Swedbank AB owned 0.06% of Hormel Foods worth $7,968,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Hormel Foods in the fourth quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new stake in Hormel Foods during the second quarter worth approximately $26,000. Federated Hermes Inc. acquired a new stake in Hormel Foods during the third quarter worth approximately $31,000. Brown Brothers Harriman & Co. raised its holdings in Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Hormel Foods by 110.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stephens set a $22.00 price objective on shares of Hormel Foods and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.33.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $20.89 on Wednesday. The firm’s fifty day simple moving average is $21.42 and its 200-day simple moving average is $22.96. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.92 and a beta of 0.33. Hormel Foods Corporation has a 12 month low of $19.70 and a 12 month high of $31.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, equities analysts forecast that Hormel Foods Corporation will post 1.41 earnings per share for the current year.

Hormel Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s payout ratio is presently 131.46%.

Hormel Foods Company Profile

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.