Hormel Foods (NYSE:HRL) Announces Quarterly Earnings Results

Hormel Foods (NYSE:HRL) announced its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02, FiscalAI reports. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.03 billion. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $23.69 on Thursday. Hormel Foods has a 12 month low of $19.70 and a 12 month high of $29.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97. The firm’s fifty day simple moving average is $24.87 and its 200-day simple moving average is $23.41. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.74 and a beta of 0.34.

More Hormel Foods News

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel raised and narrowed its fiscal 2026 adjusted diluted EPS outlook to $1.45–$1.51, from a previous range of $1.40–$1.50. The midpoint is broadly in line with the $1.50 analyst consensus, suggesting improved confidence in underlying profitability. Hormel Foods Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Operating cash flow increased 54% year over year to $240.6 million, while Foodservice sales grew 2%, indicating resilience in some channels. Hormel Foods Reports Third-Quarter Sales and EPS
• Neutral Sentiment: Hormel appointed former Tyson Foods executive Ash Bhumbla as chief financial officer. The leadership change could support financial and operational improvements, but its near-term earnings impact is unclear. Hormel Foods Names Former Tyson Executive CFO
• Negative Sentiment: Third-quarter net sales fell to $2.96 billion from $3.03 billion a year earlier and missed the approximately $3.03 billion consensus estimate. Retail sales declined 4% and International sales dropped 5%, reflecting weak volume. Hormel Foods Q3 Profit Declines on Weak Volume
• Negative Sentiment: Reported net earnings plunged to $59.6 million, or $0.11 per diluted share, from $183.7 million, or $0.33, a year earlier. Results included a $56 million Brazil divestiture loss, a $48 million Indonesia investment impairment, and a $38 million litigation settlement. Hormel Foods Reports Third-Quarter Sales and EPS
• Negative Sentiment: Fiscal 2026 revenue guidance was reduced to $12.1–$12.2 billion, versus the prior $12.2–$12.5 billion range, with the midpoint slightly below consensus. GAAP EPS guidance was set at $1.06–$1.12, signaling continued pressure from restructuring and special charges. Hormel Foods Cuts Sales Outlook

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HRL shares. Stephens restated an “equal weight” rating and set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, July 9th. BNP Paribas Exane lifted their price objective on Hormel Foods from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Bank of America raised their price target on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their price target on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and a consensus price target of $26.57.

Insider Activity at Hormel Foods

In related news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the transaction, the director owned 32,002 shares of the company’s stock, valued at approximately $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HRL. Invesco Ltd. lifted its holdings in Hormel Foods by 66.5% in the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after purchasing an additional 4,526,167 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Hormel Foods during the 4th quarter worth $43,340,000. Two Sigma Investments LP grew its stake in Hormel Foods by 126.2% in the 3rd quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock valued at $78,538,000 after buying an additional 1,770,852 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Hormel Foods by 189.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,414,341 shares of the company’s stock valued at $57,220,000 after buying an additional 1,581,046 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hormel Foods by 30.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,714,191 shares of the company’s stock worth $159,139,000 after acquiring an additional 1,557,595 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

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.