Wellington Management Group LLP Has $1.18 Million Stock Position in Hormel Foods Corporation $HRL

Wellington Management Group LLP cut its holdings in Hormel Foods Corporation (NYSE:HRL) by 59.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,356 shares of the company’s stock after selling 69,147 shares during the period. Wellington Management Group LLP’s holdings in Hormel Foods were worth $1,175,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Hormel Foods in the second quarter valued at approximately $5,554,000. Masters Capital Management LLC bought a new stake in shares of Hormel Foods in the first quarter valued at approximately $19,252,000. Fidelity National Financial Inc. acquired a new stake in Hormel Foods during the fourth quarter worth approximately $15,642,000. Public Employees Retirement System of Ohio bought a new position in Hormel Foods during the 2nd quarter worth $2,050,000. Finally, BNP Paribas Financial Markets increased its stake in Hormel Foods by 21.2% during the 4th quarter. BNP Paribas Financial Markets now owns 465,204 shares of the company’s stock worth $11,025,000 after acquiring an additional 81,420 shares during the period. 40.99% of the stock is owned by institutional investors.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of Hormel Foods 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 transaction, the director owned 32,002 shares in the company, valued at $784,369.02. The trade was a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

Hormel Foods Stock Down 1.4%

NYSE HRL opened at $20.55 on Friday. The business has a fifty day moving average price of $23.99 and a two-hundred day moving average price of $23.19. The stock has a market capitalization of $11.31 billion, a PE ratio of 32.61, a PEG ratio of 2.45 and a beta of 0.33. Hormel Foods Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $26.60. 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 (NYSE:HRL) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities analysts expect that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on HRL. 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 report on Friday, August 14th. Stephens set a $23.00 price target on Hormel Foods in a research report on Friday, August 28th. BNP Paribas Exane dropped their price target on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 28th. The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, May 21st. Finally, Bank of America increased their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and a consensus target price of $26.14.

Hormel Foods Profile

Hormel Foods Corporation (NYSE: HRL) is a global food company that develops, produces and markets branded meat, prepared foods and other grocery products. Its portfolio includes SPAM luncheon meat, Hormel pepperoni, Hormel Compleats meals, Jennie-O turkey products, Applegate natural and organic foods, Columbus deli meats and Planters snack products.

The company sells products through retail grocery channels, foodservice operations and international markets. Its offerings are used by consumers, restaurants, schools, hospitals and other institutional customers, with products distributed across the United States and in selected markets worldwide.

Founded in 1891 by George A.