Cwm LLC Increases Stake in Hormel Foods Corporation $HRL

Cwm LLC lifted its stake in Hormel Foods Corporation (NYSE:HRL) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 580,073 shares of the company’s stock after acquiring an additional 29,124 shares during the period. Cwm LLC’s holdings in Hormel Foods were worth $17,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRL. SG Americas Securities LLC raised its position in shares of Hormel Foods by 84.6% in the 1st quarter. SG Americas Securities LLC now owns 24,285 shares of the company’s stock valued at $751,000 after purchasing an additional 11,126 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Hormel Foods by 1.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 130,755 shares of the company’s stock valued at $4,046,000 after purchasing an additional 1,597 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Hormel Foods by 231.5% in the 1st quarter. Sound Income Strategies LLC now owns 10,283 shares of the company’s stock valued at $318,000 after purchasing an additional 7,181 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Hormel Foods by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 67,096 shares of the company’s stock valued at $2,075,000 after purchasing an additional 960 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its position in shares of Hormel Foods by 17.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 19,607 shares of the company’s stock valued at $607,000 after purchasing an additional 2,875 shares during the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HRL has been the subject of several research analyst reports. Bank of America decreased their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, August 29th. The Goldman Sachs Group reduced their price target on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Barclays reissued an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. JPMorgan Chase & Co. reduced their price target 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.88.

Hormel Foods Price Performance

Shares of NYSE HRL opened at $23.54 on Tuesday. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 5.29 and a beta of 0.29. Hormel Foods Corporation has a 12 month low of $23.34 and a 12 month high of $33.80. The firm’s 50 day simple moving average is $26.09 and its 200-day simple moving average is $28.65. 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 issued 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). The firm 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%.Hormel Foods’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Hormel Foods 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.