Handelsbanken Fonder AB Has $1.42 Million Holdings in Hormel Foods Corporation $HRL

Handelsbanken Fonder AB cut its stake in Hormel Foods Corporation (NYSE:HRL) by 51.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,800 shares of the company’s stock after selling 62,249 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hormel Foods were worth $1,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new position in Hormel Foods in the 4th quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hormel Foods in the 2nd quarter worth $26,000. Federated Hermes Inc. acquired a new position in Hormel Foods in the 3rd quarter worth $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of Hormel Foods by 514.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after buying an additional 1,266 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Hormel Foods in the 3rd quarter valued at about $64,000. 40.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. Stephens set a $22.00 price target on Hormel Foods and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research note on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 price target (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Hormel Foods Stock Performance

NYSE HRL opened at $21.28 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $21.45 and its two-hundred day moving average price is $22.97. Hormel Foods Corporation has a 1 year low of $19.70 and a 1 year high of $31.86. The firm has a market capitalization of $11.71 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.92 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, research analysts anticipate that Hormel Foods Corporation will post 1.41 EPS for the current year.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is 131.46%.

Hormel Foods Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.