US Bancorp DE Trims Position in Hormel Foods Corporation $HRL

US Bancorp DE lessened its position in shares of Hormel Foods Corporation (NYSE:HRL) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 527,686 shares of the company’s stock after selling 26,762 shares during the quarter. US Bancorp DE’s holdings in Hormel Foods were worth $12,506,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Hormel Foods by 130.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 91,706 shares of the company’s stock valued at $2,269,000 after acquiring an additional 51,827 shares during the period. Wealthfront Advisers LLC lifted its holdings in Hormel Foods by 107.5% in the third quarter. Wealthfront Advisers LLC now owns 456,666 shares of the company’s stock valued at $11,298,000 after acquiring an additional 236,637 shares during the period. ProShare Advisors LLC lifted its holdings in Hormel Foods by 11.2% in the third quarter. ProShare Advisors LLC now owns 5,769,398 shares of the company’s stock valued at $142,735,000 after acquiring an additional 581,006 shares during the period. Miller Howard Investments Inc. NY acquired a new stake in Hormel Foods in the third quarter valued at $19,824,000. Finally, Vanguard Group Inc. lifted its holdings in Hormel Foods by 2.0% in the third quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock valued at $930,121,000 after acquiring an additional 729,942 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Down 0.7%

Hormel Foods stock opened at $21.32 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.59 and a beta of 0.33. Hormel Foods Corporation has a fifty-two week low of $20.32 and a fifty-two week high of $31.86. The stock’s fifty day moving average is $22.64 and its two-hundred day moving average is $23.24.

Hormel Foods (NYSE:HRL) last posted its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.Hormel Foods’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts predict that Hormel Foods Corporation will post 1.42 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 13th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. Hormel Foods’s dividend payout ratio (DPR) is presently 131.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 target price (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Stephens raised their target price on Hormel Foods from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Finally, Wall Street Zen raised Hormel Foods from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and an average price target of $27.00.

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.