Forsta AP Fonden Has $3.46 Million Stock Position in Hormel Foods Corporation $HRL

Forsta AP Fonden cut its holdings in Hormel Foods Corporation (NYSE:HRL) by 44.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,200 shares of the company’s stock after selling 91,700 shares during the quarter. Forsta AP Fonden’s holdings in Hormel Foods were worth $3,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cerity Partners LLC lifted its position in shares of Hormel Foods by 3.7% during the 1st quarter. Cerity Partners LLC now owns 58,710 shares of the company’s stock valued at $1,816,000 after acquiring an additional 2,093 shares during the period. Victory Capital Management Inc. grew its holdings in Hormel Foods by 22.2% in the first quarter. Victory Capital Management Inc. now owns 1,150,394 shares of the company’s stock worth $35,593,000 after purchasing an additional 208,883 shares during the period. Forum Financial Management LP increased its stake in Hormel Foods by 18.1% in the first quarter. Forum Financial Management LP now owns 15,665 shares of the company’s stock valued at $485,000 after purchasing an additional 2,405 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hormel Foods in the first quarter valued at $38,000. Finally, Mystic Asset Management Inc. raised its holdings in shares of Hormel Foods by 15.0% during the first quarter. Mystic Asset Management Inc. now owns 7,650 shares of the company’s stock valued at $237,000 after purchasing an additional 1,000 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $22.64 on Friday. Hormel Foods Corporation has a 52 week low of $21.03 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 business has a 50 day moving average price of $23.76 and a 200-day moving average price of $27.40. The company has a market cap of $12.45 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last announced 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). The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities analysts anticipate that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 5.1%. Hormel Foods’s dividend payout ratio is presently 84.67%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HRL. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Barclays restated an “overweight” rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Bank of America lowered their target price 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.00.

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.