Core Capital Management & Research inc. Takes $7.73 Million Position in Hormel Foods Corporation $HRL

Core Capital Management & Research inc. bought a new stake in shares of Hormel Foods Corporation (NYSE:HRL) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 323,296 shares of the company’s stock, valued at approximately $7,729,000. Hormel Foods makes up about 4.1% of Core Capital Management & Research inc.’s holdings, making the stock its 5th largest position.

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in Hormel Foods by 2.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,871 shares of the company’s stock valued at $592,000 after buying an additional 497 shares during the last quarter. Tidal Investments LLC lifted its stake in Hormel Foods by 24.4% during the 2nd quarter. Tidal Investments LLC now owns 95,684 shares of the company’s stock valued at $2,375,000 after acquiring an additional 18,781 shares in the last quarter. MCF Advisors LLC boosted its holdings in Hormel Foods by 23.7% during the 2nd quarter. MCF Advisors LLC now owns 69,212 shares of the company’s stock worth $1,718,000 after acquiring an additional 13,248 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Hormel Foods by 173.4% in the 2nd quarter. IFP Advisors Inc now owns 1,960 shares of the company’s stock worth $49,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Hormel Foods in the 2nd quarter worth $204,000. Institutional investors own 40.99% of the company’s stock.

Insider Buying and Selling

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

Hormel Foods Stock Performance

NYSE HRL opened at $20.95 on Thursday. The company has a market capitalization of $11.53 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88. Hormel Foods Corporation has a 52-week low of $19.70 and a 52-week high of $26.60. The company has a 50-day simple moving average of $24.16 and a 200 day simple moving average of $23.24.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $0.35 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, research analysts predict that Hormel Foods Corporation will post 1.49 EPS for the current year.

Analyst Ratings Changes

HRL has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a research report on Thursday, May 21st. BNP Paribas Exane reduced their price objective on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Stephens set a $23.00 price objective on shares of Hormel Foods in a research note on Friday, August 28th. JPMorgan Chase & Co. boosted their target price on Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Finally, Bank of America upped their target price on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.14.

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.