Hormel Foods Corporation $HRL Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its position in Hormel Foods Corporation (NYSE:HRL) by 41.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,189 shares of the company’s stock after purchasing an additional 5,949 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Hormel Foods were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HRL. Cromwell Holdings LLC raised its stake in Hormel Foods by 162.7% in 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. acquired a new position in Hormel Foods in the 1st quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Hormel Foods in the 1st quarter valued at about $38,000. Quarry LP acquired a new position in Hormel Foods in the 1st quarter valued at about $41,000. Finally, Assetmark Inc. raised its stake in Hormel Foods by 1,490.7% in the 2nd quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock valued at $47,000 after purchasing an additional 1,446 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group set a $27.00 price target on Hormel Foods and gave the company a “buy” rating in a report on Thursday. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Bank of America lowered their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Finally, Barclays restated an “overweight” rating and issued a $34.00 price target (down previously 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 issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.71.

Hormel Foods Stock Performance

NYSE HRL opened at $21.60 on Monday. The firm has a market capitalization of $11.88 billion, a P/E ratio of 15.76, a P/E/G ratio of 4.95 and a beta of 0.29. Hormel Foods Corporation has a 1-year low of $21.03 and a 1-year high of $33.80. 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 business’s 50-day simple moving average is $24.63 and its 200-day simple moving average is $27.96.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts predict 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 $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s payout ratio is currently 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.