Vontobel Holding Ltd. Has $275,000 Stock Holdings in Hormel Foods Corporation $HRL

Vontobel Holding Ltd. decreased its stake in Hormel Foods Corporation (NYSE:HRL) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,105 shares of the company’s stock after selling 554 shares during the quarter. Vontobel Holding Ltd.’s holdings in Hormel Foods were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HRL. Cromwell Holdings LLC increased its holdings in shares of Hormel Foods by 162.7% in the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after acquiring an additional 620 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Hormel Foods during the first quarter worth about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Hormel Foods during the 1st quarter worth approximately $38,000. Quarry LP acquired a new stake in Hormel Foods in the first quarter valued at $41,000. Finally, YANKCOM Partnership raised its holdings in shares of Hormel Foods by 18.5% in the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock valued at $95,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Ratings Changes

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

Hormel Foods Stock Down 1.1%

Shares of NYSE HRL opened at $23.65 on Thursday. The company’s fifty day simple moving average is $25.91 and its 200 day simple moving average is $28.58. Hormel Foods Corporation has a 12-month low of $23.13 and a 12-month high of $33.80. The firm has a market cap of $13.00 billion, a PE ratio of 17.26, a P/E/G ratio of 5.33 and a beta of 0.29. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35.

Hormel Foods (NYSE:HRL) last issued its earnings results 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, sell-side analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be issued 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 4.9%. Hormel Foods’s payout ratio 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.