Hsbc Holdings PLC Purchases New Holdings in Hormel Foods Corporation $HRL

Hsbc Holdings PLC purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL) during the second quarter, Holdings Channel reports. The firm purchased 448,498 shares of the company’s stock, valued at approximately $11,185,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in Hormel Foods in the 2nd quarter valued at $451,000. Element Capital Management LLC acquired a new stake in shares of Hormel Foods during the 2nd quarter worth $2,827,000. Kinloch Capital LLC acquired a new stake in shares of Hormel Foods during the 2nd quarter worth $4,898,000. Legal & General Group Plc bought a new position in shares of Hormel Foods in the second quarter worth $12,250,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Hormel Foods in the second quarter worth $5,554,000. Institutional investors own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HRL. Weiss Ratings raised shares of Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Bank of America raised their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Stephens set a $23.00 target price on shares of Hormel Foods in a research report on Friday. BNP Paribas Exane cut their price target on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Hormel Foods presently has a consensus rating of “Hold” and a consensus price target of $26.14.

Hormel Foods Price Performance

Hormel Foods stock opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.88. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $26.60. The stock has a market capitalization of $11.85 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.45 and a beta of 0.34. The stock has a fifty day moving average of $24.76 and a 200-day moving average of $23.38.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the firm posted $0.35 earnings per share. Hormel Foods’s revenue was down 2.4% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, sell-side analysts expect that Hormel Foods Corporation will post 1.5 earnings per share for the current fiscal year.

Key Hormel Foods News

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel reported adjusted third-quarter EPS of $0.37, ahead of analyst estimates of approximately $0.35–$0.36 and up from $0.35 a year earlier. Margin expansion and cost management helped offset weaker volumes. Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss
• Positive Sentiment: Management raised and narrowed its fiscal 2026 adjusted EPS outlook to $1.45–$1.51, compared with prior guidance of $1.40–$1.50. Operating cash flow also increased 54% to $240.6 million. Hormel Foods Reports Third Quarter Fiscal 2026 Results
• Neutral Sentiment: BNP Paribas Exane lowered its HRL price target from $27 to $26 and assigned a neutral rating. The revised target still implies meaningful potential upside from recent levels, but the rating signals limited confidence in near-term growth. BNP Paribas Exane Hormel Foods Price Target Update
• Neutral Sentiment: Some analysts view Hormel’s elevated dividend yield—reported at roughly 5.5% after the sell-off—and valuation as attractive for long-term income investors, though earnings-based valuation remains a concern. Hormel Foods: A Protein Powerhouse With a Secure Yield
• Negative Sentiment: Third-quarter revenue fell 2.4% year over year to $2.96 billion, missing the roughly $3.03 billion consensus estimate. Retail sales declined 4%, international sales dropped 5%, and management cited pressured consumers, lower commodity prices and weak private-label snack-nut demand. Hormel Foods Cuts Annual Sales Forecast
• Negative Sentiment: Hormel reduced fiscal 2026 revenue guidance to $12.1–$12.2 billion from $12.2–$12.5 billion, reinforcing concerns that sluggish demand and falling sales will limit growth despite improved margins and EPS. Why Hormel Foods Stock Swooned

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the transaction, the director owned 32,002 shares of the company’s stock, valued at approximately $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.58% of the company’s stock.

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.