Swedbank AB Purchases 47,550 Shares of Hormel Foods Corporation $HRL

Swedbank AB grew its position in shares of Hormel Foods Corporation (NYSE:HRL) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,192 shares of the company’s stock after acquiring an additional 47,550 shares during the quarter. Swedbank AB owned about 0.06% of Hormel Foods worth $7,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRL. GoalVest Advisory LLC bought a new stake in shares of Hormel Foods during the fourth quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hormel Foods during the second quarter valued at approximately $26,000. Federated Hermes Inc. bought a new stake in shares of Hormel Foods during the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its holdings in shares of Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Hormel Foods during the third quarter valued at approximately $64,000. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Trading Down 1.6%

Shares of Hormel Foods stock opened at $20.43 on Friday. The stock has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $23.17. Hormel Foods Corporation has a 12-month low of $20.32 and a 12-month high of $31.86. The company has a market capitalization of $11.24 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.48 and a beta of 0.33. The company has a current ratio of 2.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36.

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

Hormel Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 13th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.17 annualized dividend and a yield of 5.7%. Hormel Foods’s payout ratio is currently 131.46%.

Analyst Ratings Changes

HRL has been the subject of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Stephens upped their price target on Hormel Foods from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Wall Street Zen upgraded Hormel Foods from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods presently has an average 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.