8,800 Shares in Hormel Foods Corporation $HRL Acquired by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC bought a new position in shares of Hormel Foods Corporation (NYSE:HRL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,800 shares of the company’s stock, valued at approximately $266,000.

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Hormel Foods by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock worth $128,594,000 after purchasing an additional 405,719 shares during the last quarter. Northern Trust Corp grew its position in Hormel Foods by 1.4% during the 1st quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock worth $93,051,000 after purchasing an additional 41,236 shares during the last quarter. Pacer Advisors Inc. grew its position in Hormel Foods by 9,725.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock worth $72,270,000 after purchasing an additional 2,312,024 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hormel Foods by 2.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock worth $65,698,000 after purchasing an additional 52,736 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Hormel Foods by 485.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after purchasing an additional 1,628,382 shares during the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Shares of NYSE HRL opened at $23.80 on Friday. The company’s fifty day moving average price is $25.26 and its 200 day moving average price is $28.26. Hormel Foods Corporation has a 1 year low of $23.13 and a 1 year high of $33.80. The company has a market capitalization of $13.09 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 5.30 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the company posted $0.37 earnings per share. The business’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, research analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Announces Dividend

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 yield of 4.9%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Analysts Set New Price Targets

Several research firms have weighed in on HRL. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. dropped their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. The Goldman Sachs Group dropped 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Four 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.29.

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.