JPMorgan Chase & Co. Has Lowered Expectations for Hormel Foods (NYSE:HRL) Stock Price

Hormel Foods (NYSE:HRL) had its price target reduced by analysts at JPMorgan Chase & Co. from $30.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 19.10% from the stock’s current price.

Several other analysts have also recently commented on HRL. Bank of America lowered their target price 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and issued a $34.00 target price (down from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. The Goldman Sachs Group set a $27.00 target price on shares of Hormel Foods and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and an average price target of $28.86.

Hormel Foods Stock Performance

NYSE HRL opened at $22.67 on Friday. Hormel Foods has a 1-year low of $21.03 and a 1-year high of $33.80. The company has a 50 day moving average of $23.46 and a 200-day moving average of $27.16. 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 $12.47 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, August 28th. The company reported $0.35 EPS 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 business 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 firm earned $0.37 earnings per share. The firm’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. On average, equities analysts forecast that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of Hormel Foods

A number of institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new position in shares of Hormel Foods in the 3rd quarter valued at $2,674,000. Achmea Investment Management B.V. increased its holdings in Hormel Foods by 13.7% in the third quarter. Achmea Investment Management B.V. now owns 31,486 shares of the company’s stock valued at $779,000 after purchasing an additional 3,798 shares during the last quarter. Speece Thorson Capital Group Inc. bought a new stake in Hormel Foods in the third quarter valued at about $4,169,000. WBI Investments LLC acquired a new position in Hormel Foods in the third quarter valued at about $486,000. Finally, Danske Bank A S bought a new position in Hormel Foods during the third quarter worth about $5,403,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

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.