Public Employees Retirement System of Ohio Acquires 522 Shares of Hormel Foods Corporation $HRL

Public Employees Retirement System of Ohio boosted its holdings in Hormel Foods Corporation (NYSE:HRL) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,802 shares of the company’s stock after acquiring an additional 522 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hormel Foods were worth $2,717,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC increased its stake in Hormel Foods by 3.3% in the second quarter. Revisor Wealth Management LLC now owns 11,342 shares of the company’s stock valued at $357,000 after acquiring an additional 360 shares during the last quarter. Simmons Bank increased its stake in Hormel Foods by 3.7% in the first quarter. Simmons Bank now owns 12,708 shares of the company’s stock valued at $393,000 after acquiring an additional 448 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in Hormel Foods by 2.7% in the first quarter. Sovereign Financial Group Inc. now owns 17,718 shares of the company’s stock valued at $548,000 after acquiring an additional 458 shares during the last quarter. G&S Capital LLC increased its stake in Hormel Foods by 3.1% in the first quarter. G&S Capital LLC now owns 15,516 shares of the company’s stock valued at $480,000 after acquiring an additional 463 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Hormel Foods by 17.1% in the first quarter. Blue Trust Inc. now owns 3,220 shares of the company’s stock valued at $100,000 after acquiring an additional 471 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

Hormel Foods Stock Performance

Hormel Foods stock opened at $24.81 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $26.81 and a 200-day moving average of $28.98. The firm has a market cap of $13.64 billion, a P/E ratio of 18.11, a P/E/G ratio of 5.51 and a beta of 0.29. Hormel Foods Corporation has a 1-year low of $23.71 and a 1-year high of $33.80.

Hormel Foods (NYSE:HRL) last posted its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The firm had revenue of $3.03 billion for 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%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio is currently 84.67%.

Wall Street Analysts Forecast Growth

HRL has been the topic of a number of research analyst reports. Bank of America reduced their target price on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. The Goldman Sachs Group reduced their target price 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. Barclays reissued an “overweight” rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. JPMorgan Chase & Co. reduced their target price 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, Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.88.

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.