Hormel Foods Corporation $HRL Shares Acquired by QV Investors Inc.

QV Investors Inc. lifted its holdings in Hormel Foods Corporation (NYSE:HRL) by 72.5% during the second quarter, Holdings Channel reports. The institutional investor owned 414,710 shares of the company’s stock after purchasing an additional 174,260 shares during the quarter. Hormel Foods comprises 1.2% of QV Investors Inc.’s investment portfolio, making the stock its 27th biggest holding. QV Investors Inc.’s holdings in Hormel Foods were worth $12,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of HRL. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hormel Foods by 63.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,141 shares of the company’s stock valued at $2,572,000 after buying an additional 32,140 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Hormel Foods in the first quarter valued at approximately $499,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hormel Foods by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,419 shares of the company’s stock valued at $2,016,000 after buying an additional 3,789 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Hormel Foods by 180.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company’s stock valued at $2,737,000 after buying an additional 57,280 shares in the last quarter. Finally, G&S Capital LLC boosted its stake in shares of Hormel Foods by 3.1% in the first quarter. G&S Capital LLC now owns 15,516 shares of the company’s stock valued at $480,000 after buying an additional 463 shares in the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HRL. JPMorgan Chase & Co. decreased their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Barclays reaffirmed an “overweight” rating and set a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. The Goldman Sachs Group reduced their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Finally, Bank of America reduced their price objective on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. 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. Based on data from MarketBeat.com, Hormel Foods presently has a consensus rating of “Hold” and a consensus target price of $31.29.

Hormel Foods Stock Performance

NYSE HRL opened at $23.80 on Friday. Hormel Foods Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $33.80. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 5.31 and a beta of 0.29. The business has a fifty day moving average of $25.26 and a 200-day moving average of $28.25. 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 (NYSE:HRL) last released its quarterly earnings results 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 return on equity of 10.06% and a net margin of 6.26%.The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm earned $0.37 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

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