Dorsey & Whitney Trust CO LLC Cuts Stock Holdings in Hormel Foods Corporation $HRL

Dorsey & Whitney Trust CO LLC trimmed its position in shares of Hormel Foods Corporation (NYSE:HRL) by 19.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 191,314 shares of the company’s stock after selling 47,636 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Hormel Foods were worth $4,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HRL. GoalVest Advisory LLC purchased a new position in shares of Hormel Foods during the 4th quarter valued at approximately $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hormel Foods during the 2nd quarter valued at approximately $26,000. Federated Hermes Inc. purchased a new position in shares of Hormel Foods during the 3rd quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its holdings in shares of Hormel Foods by 514.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Hormel Foods by 110.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock valued at $53,000 after purchasing an additional 1,186 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HRL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a report on Thursday, May 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 price target (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Bank of America boosted their price target on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Stephens boosted their price target on shares of Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Two equities 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.67.

Hormel Foods Price Performance

Hormel Foods stock opened at $24.33 on Thursday. Hormel Foods Corporation has a 52-week low of $19.70 and a 52-week high of $31.86. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.76 and a beta of 0.35. The company has a fifty day simple moving average of $21.56 and a 200-day simple moving average of $23.04. 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 earnings results on Thursday, May 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities analysts anticipate that Hormel Foods Corporation will post 1.5 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.8%. Hormel Foods’s dividend payout ratio is presently 137.65%.

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.