Vise Technologies Inc. Invests $292,000 in Hormel Foods Corporation $HRL

Vise Technologies Inc. bought a new stake in Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,658 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HRL. Pacer Advisors Inc. grew its position in Hormel Foods by 9,725.4% in the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after acquiring an additional 2,312,024 shares in the last quarter. Alyeska Investment Group L.P. increased its stake 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 buying an additional 1,628,382 shares during the period. Nuveen LLC acquired a new position in Hormel Foods in the 1st quarter worth $23,427,000. Dimensional Fund Advisors LP boosted its position in Hormel Foods by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock valued at $128,594,000 after buying an additional 405,719 shares during the last quarter. Finally, Midwest Trust Co acquired a new stake in shares of Hormel Foods during the second quarter valued at about $11,510,000. 40.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Barclays restated an “overweight” rating and issued a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Finally, 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 research report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods presently has an average rating of “Hold” and a consensus price target of $30.00.

Hormel Foods Stock Up 0.1%

HRL stock opened at $22.69 on Monday. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 16.52, a PEG 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 firm has a fifty day moving average price of $23.76 and a two-hundred day moving average price of $27.38. 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 posted 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 business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s quarterly 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. Research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.1%. Hormel Foods’s dividend payout ratio (DPR) is 84.67%.

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.