Kingsview Wealth Management LLC Takes Position in Hormel Foods Corporation $HRL

Kingsview Wealth Management LLC bought a new position in Hormel Foods Corporation (NYSE:HRL) in the second quarter, HoldingsChannel.com reports. The fund bought 176,122 shares of the company’s stock, valued at approximately $4,371,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MUFG Securities EMEA plc bought a new position in shares of Hormel Foods during the second quarter valued at $26,000. Strive Financial Group LLC bought a new stake in shares of Hormel Foods in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new stake in shares of Hormel Foods in the 4th quarter worth about $28,000. Fiduciary Financial Advisors acquired a new stake in shares of Hormel Foods during the 2nd quarter worth about $29,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock worth $31,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors own 40.99% of the company’s stock.

More Hormel Foods News

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

• Positive Sentiment: Hormel reported adjusted third-quarter EPS of $0.37, ahead of analyst estimates of approximately $0.35–$0.36 and up from $0.35 a year earlier. Margin expansion and cost management helped offset weaker volumes. Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss
• Positive Sentiment: Management raised and narrowed its fiscal 2026 adjusted EPS outlook to $1.45–$1.51, compared with prior guidance of $1.40–$1.50. Operating cash flow also increased 54% to $240.6 million. Hormel Foods Reports Third Quarter Fiscal 2026 Results
• Neutral Sentiment: BNP Paribas Exane lowered its HRL price target from $27 to $26 and assigned a neutral rating. The revised target still implies meaningful potential upside from recent levels, but the rating signals limited confidence in near-term growth. BNP Paribas Exane Hormel Foods Price Target Update
• Neutral Sentiment: Some analysts view Hormel’s elevated dividend yield—reported at roughly 5.5% after the sell-off—and valuation as attractive for long-term income investors, though earnings-based valuation remains a concern. Hormel Foods: A Protein Powerhouse With a Secure Yield
• Negative Sentiment: Third-quarter revenue fell 2.4% year over year to $2.96 billion, missing the roughly $3.03 billion consensus estimate. Retail sales declined 4%, international sales dropped 5%, and management cited pressured consumers, lower commodity prices and weak private-label snack-nut demand. Hormel Foods Cuts Annual Sales Forecast
• Negative Sentiment: Hormel reduced fiscal 2026 revenue guidance to $12.1–$12.2 billion from $12.2–$12.5 billion, reinforcing concerns that sluggish demand and falling sales will limit growth despite improved margins and EPS. Why Hormel Foods Stock Swooned

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the sale, the director directly owned 32,002 shares of the company’s stock, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by company insiders.

Hormel Foods Stock Up 1.2%

Shares of NYSE HRL opened at $21.53 on Friday. The firm’s 50-day simple moving average is $24.76 and its 200 day simple moving average is $23.38. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.45 and a beta of 0.34. The company has a quick ratio of 0.97, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Hormel Foods Corporation has a 12-month low of $19.70 and a 12-month high of $26.60.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, research analysts expect that Hormel Foods Corporation will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on HRL shares. BNP Paribas Exane reduced their price target on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday. Stephens set a $23.00 price objective on shares of Hormel Foods in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings raised Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hormel Foods has an average rating of “Hold” and an average target price of $26.14.

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.