CHICAGO TRUST Co NA Buys New Stake in Hormel Foods Corporation $HRL

CHICAGO TRUST Co NA bought a new stake in shares of Hormel Foods Corporation (NYSE:HRL) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,733 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HRL. GAMMA Investing LLC lifted its holdings in Hormel Foods by 192.5% in the 2nd quarter. GAMMA Investing LLC now owns 10,109 shares of the company’s stock worth $306,000 after buying an additional 6,653 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in Hormel Foods by 9.1% in the 2nd quarter. Toth Financial Advisory Corp now owns 48,764 shares of the company’s stock worth $1,475,000 after buying an additional 4,048 shares in the last quarter. CX Institutional lifted its holdings in Hormel Foods by 8.1% in the 2nd quarter. CX Institutional now owns 7,714 shares of the company’s stock worth $233,000 after buying an additional 575 shares in the last quarter. Diversified Trust Co lifted its holdings in Hormel Foods by 22.8% in the 2nd quarter. Diversified Trust Co now owns 24,645 shares of the company’s stock worth $746,000 after buying an additional 4,581 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in Hormel Foods by 4.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 45,787 shares of the company’s stock worth $1,385,000 after buying an additional 1,998 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Price Performance

Shares of NYSE:HRL opened at $24.71 on Thursday. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a fifty-two week low of $23.71 and a fifty-two week high of $33.80. The firm has a 50-day simple moving average of $27.28 and a 200 day simple moving average of $29.15. The company has a market cap of $13.59 billion, a PE ratio of 18.04, a P/E/G ratio of 5.44 and a beta of 0.31.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company earned $0.37 EPS. Hormel Foods’s quarterly revenue was up 4.6% on a year-over-year basis. 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, sell-side analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be given a $0.29 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a yield of 4.7%. Hormel Foods’s dividend payout ratio is 84.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HRL. Bank of America cut their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. The Goldman Sachs Group cut their price objective on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Barclays reissued an “overweight” rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.88.

Hormel Foods Company Profile

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.