Hormel Foods Corporation $HRL Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Hormel Foods Corporation (NYSE:HRL) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,352 shares of the company’s stock after acquiring an additional 23,320 shares during the quarter. HighTower Advisors LLC’s holdings in Hormel Foods were worth $2,592,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HRL. GoalVest Advisory LLC acquired a new stake in Hormel Foods in the 4th quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new stake in Hormel Foods in the 2nd quarter valued at approximately $26,000. Federated Hermes Inc. acquired a new stake in Hormel Foods in the 3rd quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its position in Hormel Foods by 514.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,266 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in Hormel Foods during the 3rd quarter valued at $64,000. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HRL. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Bank of America boosted their price target on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday. Stephens raised their price objective on shares of Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and an average price target of $25.67.

Hormel Foods Stock Performance

NYSE:HRL opened at $23.26 on Monday. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.35. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $21.41 and a 200-day moving average of $22.98. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $2.97 billion during 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 company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts forecast that Hormel Foods Corporation will post 1.47 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.0%. Hormel Foods’s dividend payout ratio (DPR) is currently 137.65%.

More Hormel Foods News

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat quarterly earnings and revenue expectations, with broad-based segment profit growth and stronger adjusted margins supporting the stock. Reuters article
• Positive Sentiment: Management reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51, signaling confidence that the profit recovery can continue even after portfolio changes. PR Newswire release
• Positive Sentiment: Analysts responded by raising price targets to $25 from $22-$23, suggesting more upside is possible if the turnaround continues. Benzinga article
• Neutral Sentiment: Hormel updated GAAP EPS guidance lower due to items tied to the turkey business divestiture, but said the impact on adjusted earnings should be minimal.
• Neutral Sentiment: Some reports noted that profit was lower year over year, even though results still came in ahead of expectations and showed operational improvement. WSJ article

About Hormel Foods

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.