Hormel Foods (NYSE:HRL) Price Target Raised to $27.00

Hormel Foods (NYSE:HRL) had its price target increased by Stephens from $25.00 to $27.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Zacks Research raised Hormel Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Barclays set a $30.00 target price on shares of Hormel Foods and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Wall Street Zen raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Piper Sandler restated a “neutral” rating and issued a $26.00 price objective (up from $25.00) on shares of Hormel Foods in a report on Friday, December 5th. Finally, Bank of America increased their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.71.

Hormel Foods Stock Up 3.3%

Shares of NYSE HRL opened at $25.64 on Friday. The company has a market capitalization of $14.11 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37. The company has a 50 day simple moving average of $24.24 and a 200-day simple moving average of $24.28. Hormel Foods has a 1 year low of $21.03 and a 1 year high of $32.07.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities research analysts predict that Hormel Foods will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Hormel Foods by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock worth $930,121,000 after purchasing an additional 729,942 shares during the period. State Street Corp grew its position in shares of Hormel Foods by 1.0% during the third quarter. State Street Corp now owns 28,338,645 shares of the company’s stock worth $701,098,000 after buying an additional 269,941 shares in the last quarter. Invesco Ltd. increased its stake in shares of Hormel Foods by 66.5% during the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after buying an additional 4,526,167 shares during the period. Geode Capital Management LLC increased its stake in shares of Hormel Foods by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,080,832 shares of the company’s stock worth $190,805,000 after buying an additional 63,583 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Hormel Foods by 30.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,714,191 shares of the company’s stock valued at $159,139,000 after acquiring an additional 1,557,595 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Q1 beat on the bottom line — adjusted EPS $0.34 topped the $0.32 consensus while total sales rose ~1.3% year-over-year, supporting the view that profitability actions are working. Hormel Foods Q1 Earnings Beat Estimates
• Positive Sentiment: Zacks upgraded HRL to a Rank #2 (Buy), citing improved earnings prospects — that upgrade is a clear positive near-term catalyst. Hormel (HRL) Upgraded to Buy
• Positive Sentiment: Stephens raised its price target to $27 (from $25) while keeping an Equal Weight rating — the higher target provides incremental analyst support. Stephens raises price target
• Positive Sentiment: Company communications and press coverage suggest the multi-pronged turnaround (portfolio reshaping, margin actions) is gaining traction, which helps investor sentiment. HORMEL FOODS REPORTS FIRST-QUARTER FISCAL 2026 RESULTS
• Neutral Sentiment: FY‑2026 EPS guidance was set to $1.43–$1.51 (consensus ~ $1.46) — guidance narrows expectations but is roughly in line with Street estimates, so it’s not a clear tailwind or headwind. Hormel (HRL) Reports Q1 Earnings: What Key Metrics Have to Say
• Neutral Sentiment: Performance was mixed by channel — strong Foodservice and International sales offset significant retail weakness, making the top‑line outlook uneven. Hormel Mixed Q1: Retail Weakness Weigh On Strong Foodservice, International Sales
• Negative Sentiment: Retail demand softness drove a quarterly sales miss versus estimates and declining volumes, a durable risk if consumer downtrading continues. Hormel misses quarterly sales estimates on weak retail demand
• Negative Sentiment: Some analysts/commentary note weaker relative total returns over recent years and question the valuation and long-term growth profile despite dividend‑king status — a caution for value-focused investors. Hormel: Hope Feels Canned Like The Ham

About Hormel Foods

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.