Hormel Foods Corporation (NYSE:HRL) Receives $30.71 Consensus Price Target from Brokerages

Hormel Foods Corporation (NYSE:HRL) has earned an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $30.7143.

Several equities analysts have recently issued reports on the company. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Bank of America dropped their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Barclays restated an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th.

Hormel Foods Price Performance

HRL opened at $21.47 on Friday. 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 has a 52-week low of $21.03 and a 52-week high of $33.80. The stock has a market capitalization of $11.81 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 4.95 and a beta of 0.29. The stock’s 50 day moving average price is $24.48 and its 200-day moving average price is $27.89.

Hormel Foods (NYSE:HRL) last posted its earnings results 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 business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm posted $0.37 earnings per share. Hormel Foods’s quarterly revenue was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, equities research analysts predict that Hormel Foods will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.4%. Hormel Foods’s payout ratio is currently 84.67%.

Institutional Investors Weigh In On Hormel Foods

Hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in Hormel Foods by 0.9% in the third quarter. Arizona State Retirement System now owns 89,237 shares of the company’s stock worth $2,208,000 after acquiring an additional 836 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hormel Foods by 16.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,443 shares of the company’s stock worth $2,015,000 after purchasing an additional 11,466 shares during the last quarter. Mystic Asset Management Inc. increased its position in Hormel Foods by 6.4% during the third quarter. Mystic Asset Management Inc. now owns 8,300 shares of the company’s stock valued at $205,000 after acquiring an additional 500 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Hormel Foods during the third quarter valued at $31,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in Hormel Foods by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 33,757 shares of the company’s stock valued at $835,000 after acquiring an additional 657 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

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.