111 Capital Has $251,000 Holdings in Hormel Foods Corporation $HRL

111 Capital trimmed its holdings in Hormel Foods Corporation (NYSE:HRL) by 55.5% in the second quarter, Holdings Channel reports. The fund owned 8,312 shares of the company’s stock after selling 10,354 shares during the period. 111 Capital’s holdings in Hormel Foods were worth $251,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Hormel Foods by 9,725.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after purchasing an additional 2,312,024 shares during the period. Alyeska Investment Group L.P. lifted its stake in Hormel Foods by 485.7% in the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock valued at $60,755,000 after buying an additional 1,628,382 shares in the last quarter. Nuveen LLC acquired a new position in shares of Hormel Foods in the first quarter valued at approximately $23,427,000. Dimensional Fund Advisors LP increased its position in shares of Hormel Foods by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock worth $128,594,000 after acquiring an additional 405,719 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Hormel Foods during the first quarter worth $8,961,000. 40.99% of the stock is currently owned by institutional investors.

Hormel Foods Trading Down 1.3%

Shares of Hormel Foods stock opened at $24.33 on Tuesday. The stock has a market cap of $13.38 billion, a P/E ratio of 17.76, a P/E/G ratio of 5.49 and a beta of 0.29. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a 12-month low of $23.71 and a 12-month high of $33.80. The business’s 50 day moving average is $26.54 and its 200-day moving average is $28.85.

Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Hormel Foods’s quarterly revenue was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities research analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s dividend payout ratio is presently 84.67%.

Analyst Upgrades and Downgrades

HRL has been the subject of a number of research analyst reports. Bank of America reduced their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Saturday, September 27th. The Goldman Sachs Group reduced their price target on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Hormel Foods has an average rating of “Hold” and an average price target of $30.88.

About Hormel Foods

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.