SG Americas Securities LLC Boosts Stock Holdings in Hormel Foods Corporation $HRL

SG Americas Securities LLC lifted its position in shares of Hormel Foods Corporation (NYSE:HRL) by 84.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,413 shares of the company’s stock after acquiring an additional 23,081 shares during the period. SG Americas Securities LLC’s holdings in Hormel Foods were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HRL. Revisor Wealth Management LLC boosted its stake in Hormel Foods by 3.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 11,342 shares of the company’s stock valued at $357,000 after purchasing an additional 360 shares during the last quarter. G&S Capital LLC lifted its holdings in shares of Hormel Foods by 2.6% during the second quarter. G&S Capital LLC now owns 15,914 shares of the company’s stock valued at $481,000 after purchasing an additional 398 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Hormel Foods by 0.6% during the first quarter. Voya Investment Management LLC now owns 87,438 shares of the company’s stock valued at $2,705,000 after buying an additional 484 shares during the last quarter. BTS Asset Management Inc. boosted its position in shares of Hormel Foods by 7.2% during the second quarter. BTS Asset Management Inc. now owns 7,544 shares of the company’s stock valued at $228,000 after buying an additional 508 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Hormel Foods by 0.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,802 shares of the company’s stock worth $2,717,000 after buying an additional 522 shares in the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HRL shares. Wall Street Zen upgraded shares of Hormel Foods from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Hormel Foods in a report on Friday, December 5th. Barclays set a $30.00 target price on shares of Hormel Foods and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Finally, Bank of America increased their price target on Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average target price of $28.29.

Hormel Foods Stock Down 1.9%

Shares of HRL stock opened at $24.24 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36. Hormel Foods Corporation has a 12 month low of $21.03 and a 12 month high of $32.07. The stock has a market cap of $13.33 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.51 and a beta of 0.33. The company has a 50 day simple moving average of $23.39 and a two-hundred day simple moving average of $25.36.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm posted $0.42 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. On average, research analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, January 12th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, January 12th. This is an increase from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s payout ratio is presently 134.48%.

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.