WINTON GROUP Ltd Makes New Investment in Hormel Foods Corporation $HRL

WINTON GROUP Ltd acquired a new position in shares of Hormel Foods Corporation (NYSE:HRL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,778 shares of the company’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HRL. Invesco Ltd. increased its holdings in Hormel Foods by 66.5% during the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after purchasing an additional 4,526,167 shares during the last quarter. Norges Bank purchased a new stake in Hormel Foods during the 4th quarter worth approximately $85,840,000. Victory Capital Management Inc. increased its holdings in Hormel Foods by 297.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock worth $103,815,000 after purchasing an additional 3,142,670 shares during the last quarter. Two Sigma Investments LP increased its holdings in Hormel Foods by 126.2% during the 3rd quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock worth $78,538,000 after purchasing an additional 1,770,852 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Hormel Foods by 189.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,414,341 shares of the company’s stock worth $57,220,000 after purchasing an additional 1,581,046 shares during the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Trading Up 1.4%

NYSE:HRL opened at $24.33 on Thursday. Hormel Foods Corporation has a 12-month low of $19.70 and a 12-month high of $31.86. The firm has a market capitalization of $13.39 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.76 and a beta of 0.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97. The business has a 50 day simple moving average of $21.56 and a 200 day simple moving average of $23.04.

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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’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. Equities research analysts predict that Hormel Foods Corporation will post 1.5 EPS for the current year.

Hormel Foods Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on HRL. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. Stephens lifted their price objective on Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Bank of America boosted their price target on Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reiterated 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. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.67.

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.