Focus Partners Advisor Solutions LLC Buys Shares of 7,125 Hormel Foods Corporation $HRL

Focus Partners Advisor Solutions LLC bought a new stake in shares of Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,125 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also made changes to their positions in the company. Cromwell Holdings LLC grew its position 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 valued at $30,000 after purchasing an additional 620 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Hormel Foods in the 1st quarter valued at $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hormel Foods in the 1st quarter valued at $38,000. Quarry LP purchased a new stake in Hormel Foods in the 1st quarter valued at $41,000. Finally, Hoese & Co LLP purchased a new stake in Hormel Foods in the 2nd quarter valued at $91,000. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Price Performance

HRL opened at $21.60 on Friday. The stock’s 50-day moving average price is $24.63 and its 200 day moving average price is $27.97. Hormel Foods Corporation has a 12-month low of $21.03 and a 12-month high of $33.80. 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 market cap of $11.88 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 4.95 and a beta of 0.29.

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 analysts’ consensus estimates of $0.41 by ($0.06). The business 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 firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last 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. As a group, sell-side analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is 84.67%.

Analysts Set New Price Targets

Several analysts have issued reports on HRL shares. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the company a “buy” rating in a report on Thursday. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Bank of America lowered 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.71.

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.