Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.20 Million Holdings in Hormel Foods Corporation $HRL

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 37.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 134,852 shares of the company’s stock after selling 81,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hormel Foods were worth $3,196,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its holdings in shares of Hormel Foods by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock worth $1,308,000 after buying an additional 437 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of Hormel Foods by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock worth $367,000 after buying an additional 440 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Hormel Foods by 6.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 8,583 shares of the company’s stock worth $203,000 after buying an additional 483 shares in the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of Hormel Foods by 3.8% during the third quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock worth $332,000 after buying an additional 486 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Hormel Foods by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company’s stock worth $2,236,000 after buying an additional 560 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Stock Performance

NYSE HRL opened at $23.68 on Tuesday. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.72 and a beta of 0.35. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86. The stock has a fifty day simple moving average of $21.51 and a 200 day simple moving average of $23.02. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.Hormel Foods’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Sell-side analysts expect that Hormel Foods Corporation will post 1.5 EPS for the current year.

Hormel Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 13th will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is presently 137.65%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HRL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Bank of America upped their price target on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Finally, Stephens increased their price objective on Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and an average price target of $25.67.

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.