Wellington Management Group LLP Has $705,000 Holdings in Hormel Foods Corporation $HRL

Wellington Management Group LLP increased its stake in Hormel Foods Corporation (NYSE:HRL) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,781 shares of the company’s stock after purchasing an additional 1,765 shares during the period. Wellington Management Group LLP’s holdings in Hormel Foods were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HRL. MJT & Associates Financial Advisory Group Inc. bought a new stake in Hormel Foods during the 1st quarter worth about $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hormel Foods during the 1st quarter worth about $38,000. Riverview Trust Co lifted its position in Hormel Foods by 183.8% during the 1st quarter. Riverview Trust Co now owns 1,572 shares of the company’s stock worth $49,000 after buying an additional 1,018 shares in the last quarter. YANKCOM Partnership lifted its position in Hormel Foods by 18.5% during the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock worth $95,000 after buying an additional 480 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Hormel Foods by 34.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,187 shares of the company’s stock worth $99,000 after buying an additional 816 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays reissued an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday. Bank of America cut their price target on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday. BNP Paribas raised shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. dropped their target price on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of Hormel Foods in a report on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hormel Foods has an average rating of “Moderate Buy” and an average target price of $30.88.

Hormel Foods Stock Up 0.9%

Shares of HRL stock opened at $25.45 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The firm’s 50-day moving average is $29.12 and its 200-day moving average is $29.62. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 5.67 and a beta of 0.31. Hormel Foods Corporation has a 52-week low of $23.71 and a 52-week high of $33.80.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior 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. Sell-side analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

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.