Intech Investment Management LLC Has $1.04 Million Position in Hormel Foods Corporation $HRL

Intech Investment Management LLC reduced its position in shares of Hormel Foods Corporation (NYSE:HRL) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,984 shares of the company’s stock after selling 93,115 shares during the period. Intech Investment Management LLC’s holdings in Hormel Foods were worth $1,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in shares of Hormel Foods by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock worth $1,308,000 after buying an additional 437 shares during the period. Advisory Alpha LLC boosted its position in shares of Hormel Foods by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock worth $367,000 after buying an additional 440 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Hormel Foods by 6.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 8,583 shares of the company’s stock worth $203,000 after buying an additional 483 shares during the period. Siemens Fonds Invest GmbH boosted its position in Hormel Foods by 3.8% during the third quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock valued at $332,000 after purchasing an additional 486 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Hormel Foods by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company’s stock valued at $2,236,000 after purchasing an additional 560 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on HRL. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research note on Thursday, May 21st. Bank of America raised their price target on Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 price target (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Finally, Stephens raised their price target on Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.67.

Hormel Foods Stock Performance

HRL opened at $23.66 on Friday. Hormel Foods Corporation has a 12-month low of $19.70 and a 12-month high of $31.86. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.72 and a beta of 0.35. The business has a 50 day moving average of $21.49 and a 200-day moving average of $23.00. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

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

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is presently 137.65%.

About Hormel Foods

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.