Intech Investment Management LLC Has $1.04 Million Position in Hormel Foods Corporation $HRL

Intech Investment Management LLC reduced its position in shares of Hormel Foods Corporation (NYSE:HRL) by 67.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,984 shares of the company’s stock after selling 93,115 shares during the quarter. Intech Investment Management LLC’s holdings in Hormel Foods were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Hormel Foods during the fourth quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in Hormel Foods in the 2nd quarter valued at $26,000. Federated Hermes Inc. acquired a new position in Hormel Foods in the 3rd quarter valued at $31,000. Brown Brothers Harriman & Co. raised its holdings in Hormel Foods by 514.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Hormel Foods by 110.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock valued at $53,000 after acquiring an additional 1,186 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HRL shares. Bank of America lifted their price objective on Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Stephens lifted their price objective on Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.67.

Hormel Foods Trading Up 1.6%

Shares of HRL opened at $23.66 on Friday. Hormel Foods Corporation has a 52-week low of $19.70 and a 52-week high of $31.86. The business’s fifty day moving average is $21.49 and its 200-day moving average is $23.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.72 and a beta of 0.35.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities analysts anticipate that Hormel Foods Corporation will post 1.5 EPS for the current fiscal year.

Hormel Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a $0.2925 dividend. The ex-dividend date is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 4.9%. Hormel Foods’s dividend payout ratio (DPR) is presently 137.65%.

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.