Hormel Foods (NYSE:HRL) Posts Earnings Results, Beats Expectations By $0.02 EPS

Hormel Foods (NYSE:HRL) released its earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02, FiscalAI reports. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $23.69 on Thursday. Hormel Foods has a fifty-two week low of $19.70 and a fifty-two week high of $29.10. The firm has a market capitalization of $13.04 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.74 and a beta of 0.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97. The company’s 50 day moving average price is $24.87 and its two-hundred day moving average price is $23.41.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HRL. The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, May 21st. Stephens reiterated an “equal weight” rating and set a $25.00 target price on shares of Hormel Foods in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. BNP Paribas Exane upped their target price on shares of Hormel Foods from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.57.

Insider Transactions at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the sale, the director directly owned 32,002 shares of the company’s stock, valued at approximately $784,369.02. This represents a 38.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hormel Foods

Several hedge funds and other institutional investors have recently made changes to their positions in HRL. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Hormel Foods by 5.0% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,967 shares of the company’s stock worth $213,000 after buying an additional 431 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in Hormel Foods by 3.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock valued at $332,000 after acquiring an additional 486 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Hormel Foods by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company’s stock worth $2,236,000 after purchasing an additional 560 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hormel Foods by 1.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 46,389 shares of the company’s stock valued at $1,148,000 after acquiring an additional 576 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Hormel Foods by 2.3% in the 2nd quarter. Bank of Nova Scotia now owns 30,306 shares of the company’s stock valued at $917,000 after purchasing an additional 671 shares during the last quarter. 40.99% of the stock is owned by institutional investors.

Key Stories Impacting Hormel Foods

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

• Positive Sentiment: Hormel raised and narrowed its fiscal 2026 adjusted diluted EPS outlook to $1.45–$1.51, from a previous range of $1.40–$1.50. The midpoint is broadly in line with the $1.50 analyst consensus, suggesting improved confidence in underlying profitability. Hormel Foods Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Operating cash flow increased 54% year over year to $240.6 million, while Foodservice sales grew 2%, indicating resilience in some channels. Hormel Foods Reports Third-Quarter Sales and EPS
• Neutral Sentiment: Hormel appointed former Tyson Foods executive Ash Bhumbla as chief financial officer. The leadership change could support financial and operational improvements, but its near-term earnings impact is unclear. Hormel Foods Names Former Tyson Executive CFO
• Negative Sentiment: Third-quarter net sales fell to $2.96 billion from $3.03 billion a year earlier and missed the approximately $3.03 billion consensus estimate. Retail sales declined 4% and International sales dropped 5%, reflecting weak volume. Hormel Foods Q3 Profit Declines on Weak Volume
• Negative Sentiment: Reported net earnings plunged to $59.6 million, or $0.11 per diluted share, from $183.7 million, or $0.33, a year earlier. Results included a $56 million Brazil divestiture loss, a $48 million Indonesia investment impairment, and a $38 million litigation settlement. Hormel Foods Reports Third-Quarter Sales and EPS
• Negative Sentiment: Fiscal 2026 revenue guidance was reduced to $12.1–$12.2 billion, versus the prior $12.2–$12.5 billion range, with the midpoint slightly below consensus. GAAP EPS guidance was set at $1.06–$1.12, signaling continued pressure from restructuring and special charges. Hormel Foods Cuts Sales Outlook

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.