Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Trims Stock Position in Hormel Foods Corporation $HRL

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in Hormel Foods Corporation (NYSE:HRL) by 24.7% in the second quarter, Holdings Channel.com reports. The fund owned 26,842 shares of the company’s stock after selling 8,825 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Hormel Foods were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in shares of Hormel Foods by 9,725.4% in the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after buying an additional 2,312,024 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Hormel Foods by 485.7% in the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock valued at $60,755,000 after buying an additional 1,628,382 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Hormel Foods in the first quarter valued at about $23,427,000. Dimensional Fund Advisors LP raised its holdings in shares of Hormel Foods by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock valued at $128,594,000 after buying an additional 405,719 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Hormel Foods in the first quarter valued at about $8,961,000. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods Trading Up 0.1%

Shares of Hormel Foods stock opened at $23.80 on Monday. Hormel Foods Corporation has a 52-week low of $23.13 and a 52-week high of $33.80. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $25.26 and its 200-day simple moving average is $28.24. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 5.31 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The company’s 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, equities research analysts anticipate that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Saturday. Bank of America reduced their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. reduced their target price on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.29.

Hormel Foods Company Profile

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.