Forum Financial Management LP Boosts Stake in Hormel Foods Corporation $HRL

Forum Financial Management LP grew its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 4.2% during the second quarter, HoldingsChannel reports. The firm owned 16,317 shares of the company’s stock after buying an additional 652 shares during the period. Forum Financial Management LP’s holdings in Hormel Foods were worth $494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Hormel Foods by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock worth $128,594,000 after purchasing an additional 405,719 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Hormel Foods by 1.4% during the first quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock worth $93,051,000 after purchasing an additional 41,236 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock worth $72,270,000 after purchasing an additional 2,312,024 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Hormel Foods by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock worth $65,698,000 after purchasing an additional 52,736 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Hormel Foods by 485.7% during the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after purchasing an additional 1,628,382 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

HRL has been the topic of a number of recent research reports. Barclays restated an “overweight” rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Bank of America cut their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. Finally, The Goldman Sachs Group cut their price target on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.29.

Hormel Foods Trading Up 0.1%

NYSE:HRL opened at $23.80 on Friday. The business’s 50-day simple moving average is $25.26 and its 200 day simple moving average is $28.26. Hormel Foods Corporation has a one year low of $23.13 and a one year high of $33.80. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 5.30 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, sell-side analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a yield of 4.9%. Hormel Foods’s dividend payout ratio is presently 84.67%.

About Hormel Foods

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.