Hormel Foods Corporation $HRL Shares Sold by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 42.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,387 shares of the company’s stock after selling 31,047 shares during the period. Savant Capital LLC’s holdings in Hormel Foods were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC acquired a new position in shares of Hormel Foods during the fourth quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in shares of Hormel Foods during the second quarter worth approximately $26,000. Federated Hermes Inc. bought a new stake in Hormel Foods during the third quarter worth approximately $31,000. Brown Brothers Harriman & Co. raised its holdings in Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Hormel Foods by 110.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,186 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Trading Down 0.1%

NYSE HRL opened at $23.33 on Wednesday. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.69 and a beta of 0.35. The firm’s 50 day moving average price is $21.43 and its two-hundred day moving average price is $22.98.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities analysts anticipate that Hormel Foods Corporation will post 1.49 EPS for the current year.

Hormel Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be issued a $0.2925 dividend. The ex-dividend date is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a yield of 5.0%. Hormel Foods’s dividend payout ratio is currently 137.65%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HRL shares. Bank of America boosted their target price on Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Stephens boosted their target price on Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a report on Thursday, May 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.67.

Hormel Foods 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.