Fisher Asset Management LLC Raises Position in Hormel Foods Corporation $HRL

Fisher Asset Management LLC increased its holdings in Hormel Foods Corporation (NYSE:HRL) by 39.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,493 shares of the company’s stock after buying an additional 22,558 shares during the period. Fisher Asset Management LLC’s holdings in Hormel Foods were worth $1,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HRL. Caxton Associates LLP purchased a new stake in shares of Hormel Foods in the first quarter worth $310,000. Empowered Funds LLC raised its position in shares of Hormel Foods by 1.8% in the first quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after buying an additional 993 shares in the last quarter. Woodline Partners LP raised its position 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 worth $761,000 after buying an additional 7,129 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hormel Foods by 214.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company’s stock worth $143,000 after buying an additional 3,226 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Hormel Foods by 76.5% in the second quarter. Cerity Partners LLC now owns 103,616 shares of the company’s stock worth $3,134,000 after buying an additional 44,906 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Trending Headlines about Hormel Foods

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

• Positive Sentiment: Hormel beat quarterly earnings and revenue expectations, with broad-based segment profit growth and stronger adjusted margins supporting the stock. Reuters article
• Positive Sentiment: Management reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51, signaling confidence that the profit recovery can continue even after portfolio changes. PR Newswire release
• Positive Sentiment: Analysts responded by raising price targets to $25 from $22-$23, suggesting more upside is possible if the turnaround continues. Benzinga article
• Neutral Sentiment: Hormel updated GAAP EPS guidance lower due to items tied to the turkey business divestiture, but said the impact on adjusted earnings should be minimal.
• Neutral Sentiment: Some reports noted that profit was lower year over year, even though results still came in ahead of expectations and showed operational improvement. WSJ article

Wall Street Analyst Weigh In

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

Hormel Foods Stock Down 1.4%

HRL opened at $23.26 on Friday. The stock has a market cap of $12.80 billion, a PE ratio of 27.36, a P/E/G ratio of 3.13 and a beta of 0.33. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $31.86. The business’s fifty day simple moving average is $21.41 and its 200 day simple moving average is $22.97.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, May 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, research analysts expect that Hormel Foods Corporation will post 1.46 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is 131.46%.

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.