WINTON GROUP Ltd Takes $611,000 Position in Hormel Foods Corporation $HRL

WINTON GROUP Ltd acquired a new stake in Hormel Foods Corporation (NYSE:HRL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,778 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC acquired a new stake in shares of Hormel Foods during the fourth quarter worth $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods during the second quarter worth $26,000. Federated Hermes Inc. acquired a new stake in shares of Hormel Foods during the third quarter worth $31,000. Brown Brothers Harriman & Co. raised its position in shares of Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,266 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Hormel Foods by 110.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,186 shares during the period. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HRL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. Stephens boosted their target price on Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Bank of America boosted their target price on Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a research report on Thursday, May 21st. Two 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. According to data from MarketBeat.com, Hormel Foods presently has an average rating of “Hold” and a consensus price target of $25.67.

Hormel Foods Stock Up 1.4%

NYSE:HRL opened at $24.33 on Thursday. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.76 and a beta of 0.35. Hormel Foods Corporation has a 1-year low of $19.70 and a 1-year high of $31.86. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $21.56 and its 200 day moving average price is $23.04.

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

Hormel Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s payout ratio is presently 137.65%.

Hormel Foods Company 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.