124,531 Shares in Hormel Foods Corporation $HRL Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Hormel Foods Corporation (NYSE:HRL) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 124,531 shares of the company’s stock, valued at approximately $3,090,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HRL. MUFG Securities EMEA plc purchased a new stake in shares of Hormel Foods in the second quarter worth about $26,000. Strive Financial Group LLC acquired a new position in Hormel Foods during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new position in Hormel Foods during the 4th quarter worth approximately $28,000. Fiduciary Financial Advisors purchased a new position in Hormel Foods in the 2nd quarter worth approximately $29,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Hormel Foods by 354.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock worth $31,000 after acquiring an additional 1,025 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HRL. Bank of America lifted their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. BNP Paribas Exane lowered their price target on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 28th. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings cut shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hormel Foods presently has a consensus rating of “Hold” and a consensus target price of $26.14.

Hormel Foods Trading Up 0.3%

NYSE HRL opened at $22.06 on Thursday. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 2.58 and a beta of 0.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 0.92. Hormel Foods Corporation has a 12 month low of $19.70 and a 12 month high of $26.60. The company’s fifty day moving average price is $24.59 and its two-hundred day moving average price is $23.33.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. As a group, research analysts predict that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary C. Bhojwani sold 20,200 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the sale, the director directly owned 32,002 shares of the company’s stock, valued at $784,369.02. The trade was a 38.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.58% of the company’s stock.

Hormel Foods 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.