Hormel Foods’ (HRL) Sell (D+) Rating Reaffirmed at Weiss Ratings

Hormel Foods (NYSE:HRL)‘s stock had its “sell (d+)” rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the company. The Goldman Sachs Group reduced their target price on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. reduced their target price on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Barclays restated an “overweight” rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Finally, Bank of America dropped their price target on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and an average price target of $30.88.

Hormel Foods Stock Performance

HRL opened at $23.90 on Wednesday. Hormel Foods has a 1-year low of $23.71 and a 1-year high of $33.80. The business has a 50 day moving average price of $26.36 and a two-hundred day moving average price of $28.78. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 5.35 and a beta of 0.29. 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 (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company posted $0.37 EPS. Hormel Foods’s 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. Research analysts predict that Hormel Foods will post 1.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Hormel Foods

Several hedge funds have recently bought and sold shares of HRL. MUFG Securities EMEA plc acquired a new position in Hormel Foods during the second quarter worth $26,000. Cromwell Holdings LLC increased its position in Hormel Foods by 162.7% during the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after buying an additional 620 shares during the last quarter. Caldwell Trust Co acquired a new position in Hormel Foods during the second quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Hormel Foods during the first quarter worth $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Hormel Foods during the first quarter worth $38,000. 40.99% of the stock is owned by institutional investors and hedge funds.

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.