Hormel Foods Corporation (NYSE:HRL) Receives Consensus Rating of “Hold” from Analysts

Shares of Hormel Foods Corporation (NYSE:HRL) have been given an average rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.7143.

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a report 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 for the company in a report on Friday, August 29th. Barclays restated an “overweight” rating and issued a $34.00 target price (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Bank of America reduced their target price on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HRL. J.W. Cole Advisors Inc. bought a new stake in shares of Hormel Foods during the first quarter valued at approximately $1,283,000. Shell Asset Management Co. grew its position in Hormel Foods by 94.7% in the second quarter. Shell Asset Management Co. now owns 47,390 shares of the company’s stock valued at $1,434,000 after acquiring an additional 23,046 shares during the period. Principal Financial Group Inc. grew its position in Hormel Foods by 12.0% in the first quarter. Principal Financial Group Inc. now owns 452,925 shares of the company’s stock valued at $14,014,000 after acquiring an additional 48,657 shares during the period. Allspring Global Investments Holdings LLC grew its position in Hormel Foods by 180.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company’s stock valued at $2,737,000 after acquiring an additional 57,280 shares during the period. Finally, Nordea Investment Management AB grew its position in Hormel Foods by 48.3% in the second quarter. Nordea Investment Management AB now owns 40,492 shares of the company’s stock valued at $1,218,000 after acquiring an additional 13,188 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Stock Up 1.4%

Shares of Hormel Foods stock opened at $21.60 on Friday. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 4.95 and a beta of 0.29. 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 has a 52-week low of $21.03 and a 52-week high of $33.80. The stock has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $27.99.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, equities research analysts expect that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 5.4%. The ex-dividend date is Tuesday, October 14th. 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.