Cetera Investment Advisers Sells 32,329 Shares of Hormel Foods Corporation $HRL

Cetera Investment Advisers decreased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 18.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,860 shares of the company’s stock after selling 32,329 shares during the period. Cetera Investment Advisers’ holdings in Hormel Foods were worth $4,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in shares of Hormel Foods by 16.7% during the first quarter. Avantax Advisory Services Inc. now owns 83,606 shares of the company’s stock valued at $2,587,000 after buying an additional 11,947 shares during the period. Empirical Finance LLC lifted its stake in shares of Hormel Foods by 7.3% in the 1st quarter. Empirical Finance LLC now owns 10,528 shares of the company’s stock valued at $326,000 after purchasing an additional 714 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hormel Foods by 8.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,736 shares of the company’s stock valued at $3,952,000 after purchasing an additional 9,837 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Hormel Foods in the first quarter worth $37,000. Finally, GSA Capital Partners LLP lifted its position in Hormel Foods by 69.0% during the first quarter. GSA Capital Partners LLP now owns 17,448 shares of the company’s stock valued at $540,000 after buying an additional 7,123 shares during the period. Institutional investors own 40.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HRL. Piper Sandler lowered their target price on shares of Hormel Foods from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Bank of America reduced their price target on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, August 29th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Finally, Barclays reaffirmed an “overweight” rating and set a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a research 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 given a Sell rating to the company. Based on data from MarketBeat, Hormel Foods currently has an average rating of “Hold” and a consensus target price of $28.86.

Hormel Foods Stock Performance

NYSE HRL opened at $22.98 on Wednesday. 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 Corporation has a twelve month low of $21.03 and a twelve month high of $33.80. The business has a 50-day moving average price of $23.38 and a 200-day moving average price of $27.05. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data 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 company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. 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, equities research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Hormel Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, January 12th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, January 12th. This is an increase from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s dividend payout ratio is 84.67%.

Hormel Foods 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.