Hormel Foods (NYSE:HRL) Updates FY 2026 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.430-1.510 for the period, compared to the consensus EPS estimate of 1.460. The company issued revenue guidance of $12.2 billion-$12.5 billion, compared to the consensus revenue estimate of $12.4 billion.

Hormel Foods Stock Down 2.1%

Hormel Foods stock opened at $25.27 on Thursday. Hormel Foods has a fifty-two week low of $21.03 and a fifty-two week high of $32.07. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.33. The stock’s fifty day moving average is $24.18 and its two-hundred day moving average is $24.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.20 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts predict that Hormel Foods will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on HRL. The Goldman Sachs Group set a $27.00 price objective on Hormel Foods and gave the stock a “buy” rating in a research report on Thursday, October 30th. Stephens decreased their price target on shares of Hormel Foods from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Bank of America upped their price objective 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. Finally, Wall Street Zen raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and an average price target of $27.43.

Institutional Investors Weigh In On Hormel Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new position in Hormel Foods in the 2nd quarter worth approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Hormel Foods in the fourth quarter valued at $27,000. Motiv8 Investments LLC acquired a new stake in Hormel Foods during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust lifted its holdings in Hormel Foods by 354.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock worth $31,000 after buying an additional 1,025 shares in the last quarter. Finally, Ankerstar Wealth LLC purchased a new position in Hormel Foods in the 4th quarter valued at about $35,000. 40.99% of the stock is currently owned by institutional investors and hedge funds.

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.