Hormel Foods (NYSE:HRL) Issues FY 2025 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.580-1.680 for the period, compared to the consensus EPS estimate of 1.600. The company issued revenue guidance of $12.0 billion-$12.2 billion, compared to the consensus revenue estimate of $12.1 billion.

Wall Street Analyst Weigh In

A number of research analysts have commented on HRL shares. Bank of America raised shares of Hormel Foods from an “underperform” rating to a “neutral” rating and raised their target price for the company from $29.00 to $35.00 in a research report on Tuesday, April 15th. BNP Paribas raised shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday. Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a report on Thursday, May 22nd. Finally, BNP Paribas Exane raised Hormel Foods from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hormel Foods has a consensus rating of “Hold” and a consensus price target of $32.00.

Hormel Foods Trading Up 1.2%

NYSE:HRL opened at $30.39 on Friday. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.73 and a beta of 0.34. Hormel Foods has a 52 week low of $27.59 and a 52 week high of $33.84. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $29.94 and a 200 day moving average of $30.26.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, July 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, July 14th. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Elsa A. Murano sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.40, for a total transaction of $136,800.00. Following the transaction, the director now owns 95,488 shares in the company, valued at approximately $2,902,835.20. This represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Hormel Foods

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after acquiring an additional 993 shares during the period. Woodline Partners LP increased its holdings in shares of Hormel Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock valued at $761,000 after purchasing an additional 7,129 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Hormel Foods in the first quarter worth about $310,000. 40.99% of the stock is owned by hedge funds and other institutional investors.

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.