Adams Asset Advisors LLC Takes Position in Hormel Foods Corporation $HRL

Adams Asset Advisors LLC bought a new position in shares of Hormel Foods Corporation (NYSE:HRL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 255,275 shares of the company’s stock, valued at approximately $6,050,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods in the 2nd quarter valued at about $26,000. Caldwell Trust Co acquired a new position in shares of Hormel Foods during the second quarter worth about $30,000. GoalVest Advisory LLC bought a new position in shares of Hormel Foods during the fourth quarter worth about $25,000. Federated Hermes Inc. bought a new position in shares of Hormel Foods during the third quarter worth about $31,000. Finally, Brown Brothers Harriman & Co. raised its position in Hormel Foods by 514.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after buying an additional 1,266 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Analyst Ratings Changes

HRL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Thursday, January 22nd. Barclays set a $30.00 target price on shares of Hormel Foods and gave the company an “overweight” rating in a research report on Tuesday, December 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, Piper Sandler restated a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of Hormel Foods in a research note on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hormel Foods presently has an average rating of “Hold” and a consensus target price of $27.71.

Hormel Foods Stock Performance

Shares of HRL stock opened at $23.04 on Monday. The company has a fifty day moving average price of $24.06 and a two-hundred day moving average price of $23.75. Hormel Foods Corporation has a one year low of $21.03 and a one year high of $32.07. The stock has a market cap of $12.68 billion, a P/E ratio of 25.89, a P/E/G ratio of 2.78 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.

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

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 13th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.1%. Hormel Foods’s dividend payout ratio is presently 131.46%.

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.