Hormel Foods Corporation (NYSE:HRL) Receives $27.00 Consensus Price Target from Brokerages

Hormel Foods Corporation (NYSE:HRL) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.00.

A number of equities research analysts recently commented on HRL shares. Stephens increased their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Wall Street Zen raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Zacks Research raised shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Hormel Foods Trading Down 0.2%

NYSE:HRL opened at $21.50 on Friday. Hormel Foods has a 52 week low of $20.32 and a 52 week high of $31.86. The firm has a 50 day moving average of $22.81 and a 200 day moving average of $23.29. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.61 and a beta of 0.36.

Hormel Foods (NYSE:HRL) last posted its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Hormel Foods’s revenue for the quarter was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, sell-side analysts anticipate that Hormel Foods will post 1.42 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 13th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. Hormel Foods’s dividend payout ratio (DPR) is currently 131.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new position in shares of Hormel Foods in the fourth quarter worth $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hormel Foods in the second quarter worth $26,000. Strive Financial Group LLC purchased a new position in shares of Hormel Foods in the fourth quarter worth $27,000. Motiv8 Investments LLC purchased a new position in shares of Hormel Foods in the fourth quarter worth $28,000. Finally, Federated Hermes Inc. purchased a new position in shares of Hormel Foods in the third quarter worth $31,000. Hedge funds and other institutional investors own 40.99% of the company’s stock.

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.