154,887 Shares in Hormel Foods Corporation $HRL Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Hormel Foods Corporation (NYSE:HRL) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 154,887 shares of the company’s stock, valued at approximately $3,739,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hormel Foods by 2.2% during the second quarter. Vanguard Group Inc. now owns 36,865,901 shares of the company’s stock valued at $1,115,194,000 after purchasing an additional 805,449 shares in the last quarter. State Street Corp increased its holdings in Hormel Foods by 1.3% in the 2nd quarter. State Street Corp now owns 28,068,704 shares of the company’s stock worth $849,078,000 after buying an additional 354,340 shares in the last quarter. Geode Capital Management LLC raised its position in Hormel Foods by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 7,886,107 shares of the company’s stock worth $237,589,000 after buying an additional 166,152 shares during the last quarter. Norges Bank bought a new position in Hormel Foods during the 2nd quarter valued at about $101,201,000. Finally, Holocene Advisors LP lifted its stake in Hormel Foods by 3.6% during the 2nd quarter. Holocene Advisors LP now owns 3,270,671 shares of the company’s stock valued at $98,938,000 after acquiring an additional 114,509 shares during the period. Institutional investors own 40.99% of the company’s stock.

Analysts Set New Price Targets

HRL has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Hormel Foods in a report on Friday, December 5th. Barclays set a $30.00 target price on shares of Hormel Foods and gave the company an “overweight” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. increased their price target on Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Bank of America lifted their price objective on Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.29.

Hormel Foods Trading Down 0.3%

Shares of Hormel Foods stock opened at $24.35 on Friday. Hormel Foods Corporation has a 1-year low of $21.03 and a 1-year high of $32.07. The company’s fifty day simple moving average is $23.55 and its 200-day simple moving average is $25.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.20. The stock has a market capitalization of $13.40 billion, a PE ratio of 27.99, a P/E/G ratio of 2.48 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.24 billion. Hormel Foods had a return on equity of 9.41% and a net margin of 3.95%.Hormel Foods’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, equities analysts anticipate that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, January 12th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.17 annualized dividend and a yield of 4.8%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s payout ratio is currently 134.48%.

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.