Hormel Foods Corporation (NYSE:HRL) Receives $27.71 Consensus PT from Analysts

Shares of Hormel Foods Corporation (NYSE:HRL) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.7143.

HRL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Piper Sandler restated a “neutral” rating and set a $26.00 target price (up from $25.00) on shares of Hormel Foods in a research report on Friday, December 5th. Wall Street Zen raised Hormel Foods from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Barclays set a $30.00 price target on shares of Hormel Foods and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Thursday, January 22nd.

Hormel Foods Trading Up 1.0%

HRL opened at $24.44 on Friday. 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 stock has a market capitalization of $13.45 billion, a PE ratio of 27.46, a PEG ratio of 2.94 and a beta of 0.32. Hormel Foods has a 1-year low of $21.03 and a 1-year high of $32.07. The firm has a 50-day moving average price of $24.27 and a two-hundred day moving average price of $24.14.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data 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. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.07 billion. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, equities analysts anticipate that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hormel Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP acquired a new position in Hormel Foods during the 1st quarter worth approximately $310,000. Empowered Funds LLC grew its stake in shares of Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after acquiring an additional 993 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Hormel Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock valued at $761,000 after purchasing an additional 7,129 shares during the last quarter. Assetmark Inc. lifted its position in shares of Hormel Foods by 1,490.7% in the second quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock worth $47,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Hormel Foods by 1.4% in the second quarter. Amalgamated Bank now owns 57,147 shares of the company’s stock worth $1,729,000 after purchasing an additional 797 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

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.