Martin Capital Partners LLC Acquires New Position in Hormel Foods Corporation $HRL

Martin Capital Partners LLC purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,454 shares of the company’s stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRL. Focus Partners Wealth boosted its position in shares of Hormel Foods by 132.4% during the 4th quarter. Focus Partners Wealth now owns 17,345 shares of the company’s stock worth $545,000 after purchasing an additional 9,883 shares during the period. Janus Henderson Group PLC grew its holdings in Hormel Foods by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 47,190 shares of the company’s stock worth $1,481,000 after acquiring an additional 3,966 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Hormel Foods by 8.6% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $235,000 after acquiring an additional 595 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Hormel Foods by 13.8% in the 4th quarter. Nuveen Asset Management LLC now owns 788,071 shares of the company’s stock valued at $24,722,000 after buying an additional 95,397 shares during the last quarter. Finally, Nomura Holdings Inc. increased its position in Hormel Foods by 12.7% during the fourth quarter. Nomura Holdings Inc. now owns 45,818 shares of the company’s stock worth $1,437,000 after buying an additional 5,158 shares during the period. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Price Performance

Shares of NYSE HRL opened at $25.08 on Monday. The business’s fifty day moving average price is $28.19 and its two-hundred day moving average price is $29.39. The firm has a market capitalization of $13.79 billion, a PE ratio of 18.31, a P/E/G ratio of 5.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a 1-year low of $23.71 and a 1-year high of $33.80.

Hormel Foods (NYSE:HRL) last issued 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, research analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HRL shares. Barclays restated an “overweight” rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. BNP Paribas upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Finally, Stephens reiterated an “equal weight” rating and issued a $31.00 target price on shares of Hormel Foods in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.88.

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.