45,469 Shares in Hormel Foods Corporation $HRL Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Hormel Foods Corporation (NYSE:HRL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,469 shares of the company’s stock, valued at approximately $1,129,000.

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

Insider Activity at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction on 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 transaction, the director owned 32,002 shares in the company, valued at $784,369.02. This represents a 38.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

HRL has been the topic of several recent analyst reports. Stephens set a $23.00 price target on Hormel Foods in a research note on Friday, August 28th. BNP Paribas Exane lowered their price objective on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 28th. JPMorgan Chase & Co. increased their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a report on Thursday, May 21st. Finally, Bank of America upped their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hormel Foods presently has a consensus rating of “Hold” and a consensus target price of $26.14.

Hormel Foods Trading Down 0.7%

HRL opened at $21.53 on Friday. Hormel Foods Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $26.60. The firm has a market capitalization of $11.85 billion, a PE ratio of 34.18, a P/E/G ratio of 2.54 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. The company’s 50-day moving average is $24.41 and its 200 day moving average is $23.30.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The company’s revenue for the quarter was down 2.4% 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 1.450-1.510 EPS. As a group, research analysts predict that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

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.