Hormel Foods Corporation $HRL Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in Hormel Foods Corporation (NYSE:HRL) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,787 shares of the company’s stock after acquiring an additional 1,998 shares during the quarter. IFM Investors Pty Ltd’s holdings in Hormel Foods were worth $1,385,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Exeter Financial LLC grew its holdings in shares of Hormel Foods by 2.3% in the 1st quarter. Exeter Financial LLC now owns 16,809 shares of the company’s stock worth $520,000 after acquiring an additional 381 shares during the last quarter. Simmons Bank boosted its position in Hormel Foods by 3.7% during the first quarter. Simmons Bank now owns 12,708 shares of the company’s stock valued at $393,000 after purchasing an additional 448 shares during the last quarter. Sovereign Financial Group Inc. boosted its position in Hormel Foods by 2.7% during the first quarter. Sovereign Financial Group Inc. now owns 17,718 shares of the company’s stock valued at $548,000 after purchasing an additional 458 shares during the last quarter. G&S Capital LLC raised its holdings in Hormel Foods by 3.1% during the first quarter. G&S Capital LLC now owns 15,516 shares of the company’s stock valued at $480,000 after buying an additional 463 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Hormel Foods by 17.1% during the first quarter. Blue Trust Inc. now owns 3,220 shares of the company’s stock valued at $100,000 after buying an additional 471 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HRL shares. Bank of America cut their target price on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Barclays restated an “overweight” rating and set a $34.00 target price (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. JPMorgan Chase & Co. dropped their price objective on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Finally, The Goldman Sachs Group dropped their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average price target of $30.88.

Hormel Foods Trading Down 2.0%

Shares of NYSE:HRL opened at $24.33 on Tuesday. The company has a market capitalization of $13.38 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 5.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. Hormel Foods Corporation has a 52-week low of $23.71 and a 52-week high of $33.80. The company has a 50-day simple moving average of $27.48 and a 200 day simple moving average of $29.21.

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). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s 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. Sell-side analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.8%. Hormel Foods’s dividend payout ratio is 84.67%.

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.