Brokerages Set Hormel Foods Corporation (NYSE:HRL) PT at $28.29

Hormel Foods Corporation (NYSE:HRL) has earned an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.2857.

Several research firms have recently weighed in on HRL. Bank of America lifted their price target on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Hormel Foods in a report on Friday, December 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $27.00 target price on shares of Hormel Foods and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 5th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC bought a new position in Hormel Foods in the fourth quarter worth about $265,000. Aberdeen Group plc raised its stake in shares of Hormel Foods by 4.0% during the 4th quarter. Aberdeen Group plc now owns 227,774 shares of the company’s stock worth $5,398,000 after acquiring an additional 8,838 shares in the last quarter. Dorato Capital Management purchased a new stake in Hormel Foods during the fourth quarter valued at approximately $345,000. Tema Etfs LLC acquired a new stake in Hormel Foods in the fourth quarter valued at approximately $90,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Hormel Foods in the fourth quarter worth $714,000. 40.99% of the stock is owned by institutional investors.

Hormel Foods Price Performance

HRL opened at $24.24 on Thursday. The business has a fifty day moving average of $23.44 and a 200 day moving average of $25.24. The stock has a market cap of $13.33 billion, a P/E ratio of 27.86, a PEG ratio of 2.46 and a beta of 0.33. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. Hormel Foods has a 52-week low of $21.03 and a 52-week high of $32.07.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, December 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.24 billion. Hormel Foods had a return on equity of 9.41% and a net margin of 3.95%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, sell-side analysts anticipate that Hormel Foods will post 1.65 EPS for the current year.

Hormel Foods Increases Dividend

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

Hormel Foods Company Profile

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.