Simmons Bank Grows Stock Position in Hormel Foods Corporation $HRL

Simmons Bank increased its holdings in Hormel Foods Corporation (NYSE:HRL) by 24.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,828 shares of the company’s stock after buying an additional 3,120 shares during the period. Simmons Bank’s holdings in Hormel Foods were worth $479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.W. Cole Advisors Inc. purchased a new position in Hormel Foods in the 1st quarter valued at about $1,283,000. Shell Asset Management Co. lifted its holdings in shares of Hormel Foods by 94.7% during the 2nd quarter. Shell Asset Management Co. now owns 47,390 shares of the company’s stock worth $1,434,000 after acquiring an additional 23,046 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hormel Foods by 12.0% during the 1st quarter. Principal Financial Group Inc. now owns 452,925 shares of the company’s stock worth $14,014,000 after acquiring an additional 48,657 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Hormel Foods by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 40,492 shares of the company’s stock worth $1,218,000 after acquiring an additional 13,188 shares during the period. Finally, Machina Capital S.A.S. purchased a new position in shares of Hormel Foods during the 2nd quarter worth about $820,000. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Bank of America cut their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. The Goldman Sachs Group set a $27.00 price objective on shares of Hormel Foods and gave the stock a “buy” rating in a report on Thursday, October 30th. Barclays reiterated 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. Finally, Zacks Research lowered shares of Hormel Foods from a “hold” rating to a “strong sell” rating 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’s stock. Based on data from MarketBeat, Hormel Foods presently has a consensus rating of “Hold” and an average price target of $30.71.

Hormel Foods Stock Down 0.1%

HRL opened at $21.55 on Thursday. The firm has a 50 day moving average price of $24.18 and a 200 day moving average price of $27.79. The company has a market cap of $11.85 billion, a PE ratio of 15.73, a price-to-earnings-growth 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 quick ratio of 1.12 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL) last posted its 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). The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. 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 expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders 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 yield of 5.4%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio is currently 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.