JPMorgan Chase & Co. Lowers Hormel Foods (NYSE:HRL) Price Target to $30.00

Hormel Foods (NYSE:HRL) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $34.00 to $30.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.90% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. BNP Paribas raised shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 27th. Barclays reissued an “overweight” rating and issued a $34.00 price target (down from $36.00) on shares of Hormel Foods in a report on Friday. Stephens reissued an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a report on Thursday, May 22nd. The Goldman Sachs Group lowered their price target on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday. Finally, BNP Paribas Exane raised 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.88.

Hormel Foods Price Performance

NYSE HRL opened at $25.45 on Friday. The company has a market cap of $13.99 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.31. Hormel Foods has a 52 week low of $23.71 and a 52 week high of $33.80. The company has a quick ratio of 1.17, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $29.63.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. Hormel Foods’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Research analysts predict that Hormel Foods will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rexford Capital Inc. bought a new position in shares of Hormel Foods in the second quarter worth approximately $59,000. Walnut Level Capital LLC bought a new position in shares of Hormel Foods in the second quarter worth approximately $2,269,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Hormel Foods by 6.1% in the second quarter. CANADA LIFE ASSURANCE Co now owns 296,289 shares of the company’s stock worth $8,968,000 after purchasing an additional 17,090 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Hormel Foods by 226.5% in the second quarter. Tower Research Capital LLC TRC now owns 25,216 shares of the company’s stock worth $763,000 after purchasing an additional 17,493 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Hormel Foods in the second quarter worth approximately $26,000. 40.99% of the stock is currently owned by institutional investors.

About Hormel Foods

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.