Hormel Foods Corporation $HRL Shares Bought by Czech National Bank

Czech National Bank lifted its stake in Hormel Foods Corporation (NYSE:HRL) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,241 shares of the company’s stock after purchasing an additional 4,409 shares during the period. Czech National Bank’s holdings in Hormel Foods were worth $2,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Hormel Foods during the first quarter valued at approximately $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Hormel Foods in the first quarter valued at $38,000. Quarry LP acquired a new stake in Hormel Foods in the first quarter valued at $41,000. Riverview Trust Co raised its holdings in Hormel Foods by 183.8% in the first quarter. Riverview Trust Co now owns 1,572 shares of the company’s stock valued at $49,000 after acquiring an additional 1,018 shares in the last quarter. Finally, YANKCOM Partnership raised its holdings in Hormel Foods by 18.5% in the first quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock valued at $95,000 after acquiring an additional 480 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HRL shares. JPMorgan Chase & Co. lowered their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Barclays restated an “overweight” rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. BNP Paribas upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a research report 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 target price for the company in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group cut their price target on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.88.

Hormel Foods Price Performance

Hormel Foods stock opened at $24.85 on Friday. Hormel Foods Corporation has a 52 week low of $23.71 and a 52 week high of $33.80. The business has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $29.25. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 5.56 and a beta of 0.31.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.Hormel Foods’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal 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.