Hormel Foods Corporation (NYSE:HRL) Receives $28.29 Average Target Price from Brokerages

Hormel Foods Corporation (NYSE:HRL) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.2857.

A number of analysts recently issued reports on the stock. Bank of America raised their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. The Goldman Sachs Group set a $27.00 price objective on Hormel Foods and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Barclays set a $30.00 price target on Hormel Foods and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Finally, Piper Sandler restated a “neutral” rating and issued a $26.00 price target (up previously from $25.00) on shares of Hormel Foods in a report on Friday, December 5th.

Hormel Foods Stock Down 0.4%

Shares of NYSE:HRL opened at $24.25 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.34 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.46 and a beta of 0.33. Hormel Foods has a 52-week low of $21.03 and a 52-week high of $32.07. The stock’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $26.04.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, December 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, equities research analysts forecast that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, January 12th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.8%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 12th. Hormel Foods’s dividend payout ratio (DPR) is currently 134.48%.

Institutional Trading of Hormel Foods

Institutional investors have recently made changes to their positions in the stock. Revisor Wealth Management LLC raised its position in shares of Hormel Foods by 3.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 11,342 shares of the company’s stock worth $357,000 after buying an additional 360 shares during the period. G&S Capital LLC raised its holdings in shares of Hormel Foods by 2.6% in the 2nd quarter. G&S Capital LLC now owns 15,914 shares of the company’s stock worth $481,000 after purchasing an additional 398 shares during the period. Voya Investment Management LLC lifted its stake in shares of Hormel Foods by 0.6% in the 1st quarter. Voya Investment Management LLC now owns 87,438 shares of the company’s stock valued at $2,705,000 after purchasing an additional 484 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of Hormel Foods by 3.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock worth $332,000 after purchasing an additional 486 shares during the period. Finally, Mystic Asset Management Inc. increased its position in Hormel Foods by 6.4% during the 3rd quarter. Mystic Asset Management Inc. now owns 8,300 shares of the company’s stock worth $205,000 after purchasing an additional 500 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

About Hormel Foods

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.