Hormel Foods (NYSE:HRL) Reaches New 12-Month Low Following Weak Earnings

Hormel Foods Corporation (NYSE:HRL) shares reached a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $23.71 and last traded at $25.13, with a volume of 5514976 shares. The stock had previously closed at $29.02.

The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a net margin of 6.27% and a return on equity of 10.20%. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HRL shares. Stephens reissued an “equal weight” rating and set a $31.00 price objective on shares of Hormel Foods in a research report on Thursday, May 22nd. BNP Paribas upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 27th. BNP Paribas Exane upgraded shares of Hormel Foods from an “underperform” rating to a “neutral” rating and set a $30.00 price target on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. upgraded shares of Hormel Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $34.00 in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group initiated coverage on Hormel Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.00.

Institutional Trading of Hormel Foods

A number of hedge funds have recently bought and sold shares of HRL. Integrated Wealth Concepts LLC bought a new position in shares of Hormel Foods in the 4th quarter worth approximately $616,000. The Manufacturers Life Insurance Company increased its holdings in Hormel Foods by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 198,193 shares of the company’s stock valued at $6,217,000 after buying an additional 2,468 shares during the last quarter. Northern Trust Corp raised its position in Hormel Foods by 11.5% in the fourth quarter. Northern Trust Corp now owns 2,966,225 shares of the company’s stock worth $93,050,000 after acquiring an additional 306,567 shares during the period. Comerica Bank boosted its stake in shares of Hormel Foods by 4.3% during the 4th quarter. Comerica Bank now owns 54,129 shares of the company’s stock worth $1,698,000 after acquiring an additional 2,226 shares during the last quarter. Finally, DoubleLine ETF Adviser LP grew its position in shares of Hormel Foods by 3.0% during the 4th quarter. DoubleLine ETF Adviser LP now owns 17,239 shares of the company’s stock valued at $541,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 2.47. The stock has a market cap of $13.88 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.30 and a beta of 0.31. The business’s 50-day moving average price is $29.33 and its 200-day moving average price is $29.65.

Hormel Foods Company Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.