Hormel Foods Corporation $HRL Stock Holdings Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,185 shares of the company’s stock after selling 4,042 shares during the quarter. D.A. Davidson & CO.’s holdings in Hormel Foods were worth $1,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Hormel Foods by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock valued at $128,594,000 after purchasing an additional 405,719 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Hormel Foods by 1.4% during the first quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock valued at $93,051,000 after purchasing an additional 41,236 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after purchasing an additional 2,312,024 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hormel Foods by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock valued at $65,698,000 after purchasing an additional 52,736 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Hormel Foods by 485.7% during the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock valued at $60,755,000 after purchasing an additional 1,628,382 shares during the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Stock Performance

Shares of HRL stock opened at $23.76 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $33.80. The stock’s 50-day moving average is $25.17 and its two-hundred day moving average is $28.20. The firm has a market cap of $13.07 billion, a P/E ratio of 17.34, a PEG ratio of 5.31 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last issued its 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 return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. Hormel Foods’s dividend payout ratio is currently 84.67%.

Analysts Set New Price Targets

Several brokerages have recently commented on HRL. JPMorgan Chase & Co. reduced their target price 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 reaffirmed 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. The Goldman Sachs Group dropped their price target on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.29.

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.