Signaturefd LLC Buys 3,127 Shares of Hormel Foods Corporation $HRL

Signaturefd LLC raised its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 233.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,468 shares of the company’s stock after acquiring an additional 3,127 shares during the period. Signaturefd LLC’s holdings in Hormel Foods were worth $135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Patton Fund Management Inc. bought a new position in Hormel Foods during the second quarter valued at approximately $224,000. CX Institutional grew its position in Hormel Foods by 8.1% during the second quarter. CX Institutional now owns 7,714 shares of the company’s stock valued at $233,000 after acquiring an additional 575 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Hormel Foods by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 89,802 shares of the company’s stock valued at $2,717,000 after acquiring an additional 522 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Hormel Foods by 1.0% during the second quarter. SJS Investment Consulting Inc. now owns 475,442 shares of the company’s stock valued at $14,382,000 after acquiring an additional 4,564 shares during the last quarter. Finally, Revisor Wealth Management LLC boosted its stake in shares of Hormel Foods by 3.3% during the second quarter. Revisor Wealth Management LLC now owns 11,342 shares of the company’s stock valued at $357,000 after purchasing an additional 360 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HRL shares. JPMorgan Chase & Co. dropped their price objective on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Bank of America dropped their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group lowered their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Saturday, September 27th. Finally, Barclays reaffirmed an “overweight” rating and issued a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.88.

Hormel Foods Trading Down 0.1%

Shares of NYSE:HRL opened at $24.65 on Friday. The stock has a 50 day moving average of $26.62 and a 200 day moving average of $28.90. The company has a market cap of $13.55 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 5.49 and a beta of 0.29. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a 12-month low of $23.71 and a 12-month high of $33.80.

Hormel Foods (NYSE:HRL) last announced 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). 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 for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The company’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. As a group, equities research analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a yield of 4.7%. Hormel Foods’s dividend payout ratio (DPR) is 84.67%.

Hormel Foods Company Profile

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.