Hormel Foods Corporation (NYSE:HRL) Receives $30.88 Consensus PT from Analysts

Shares of Hormel Foods Corporation (NYSE:HRL) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.8750.

Several research analysts recently weighed in on HRL shares. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. 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 report on Friday, August 29th. Bank of America dropped their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. The Goldman Sachs Group dropped their target price on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, Barclays reaffirmed 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc bought a new position in shares of Hormel Foods during the 2nd quarter valued at about $26,000. Caldwell Trust Co bought a new position in shares of Hormel Foods during the 2nd quarter valued at about $30,000. Cromwell Holdings LLC boosted its holdings in shares of Hormel Foods by 162.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after purchasing an additional 620 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Hormel Foods during the 1st quarter valued at about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Hormel Foods during the 1st quarter valued at about $38,000. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Trading Down 0.8%

NYSE:HRL opened at $23.54 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 5.29 and a beta of 0.29. Hormel Foods has a one year low of $23.34 and a one year high of $33.80. The business has a fifty day moving average price of $26.09 and a 200-day moving average price of $28.65.

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

Hormel Foods Dividend Announcement

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

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.