Rep. Kevin Hern Unloads Shares of Hormel Foods Corporation (NYSE:HRL)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Hormel Foods Corporation (NYSE:HRL). In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in Hormel Foods stock on August 13th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 8/24/2026.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/24/2026.
• Sold $50,001 – $100,000 in shares of Home Depot (NYSE:HD) on 8/24/2026.
• Sold $50,001 – $100,000 in shares of Procter & Gamble (NYSE:PG) on 8/24/2026.
• Sold $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 8/24/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/21/2026.
• Sold $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 8/21/2026.
• Sold $15,001 – $50,000 in shares of Honeywell Aerospace (NASDAQ:HONA) on 8/19/2026.
• Sold $1,001 – $15,000 in shares of Colgate-Palmolive (NYSE:CL) on 8/19/2026.
• Sold $1,001 – $15,000 in shares of Biogen (NASDAQ:BIIB) on 8/18/2026.

Hormel Foods Price Performance

Hormel Foods stock opened at $22.06 on Thursday. The business’s fifty day moving average is $24.59 and its two-hundred day moving average is $23.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 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 firm has a market cap of $12.14 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.58 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $0.35 EPS. The business’s quarterly 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. Equities research analysts forecast that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HRL has been the topic of several analyst reports. Stephens set a $23.00 target price on Hormel Foods in a research note on Friday, August 28th. JPMorgan Chase & Co. upped their price objective on Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings cut shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research report on Thursday, May 21st. Finally, BNP Paribas Exane lowered their price target on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.14.

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 stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Hormel Foods by 1.0% during the third quarter. State Street Corp now owns 28,338,645 shares of the company’s stock valued at $701,098,000 after acquiring an additional 269,941 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Hormel Foods in the second quarter worth $489,092,000. Invesco Ltd. increased its holdings in Hormel Foods by 66.5% in the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock valued at $280,352,000 after purchasing an additional 4,526,167 shares during the period. California State Teachers Retirement System raised its position in Hormel Foods by 2,186.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,259,202 shares of the company’s stock worth $204,993,000 after purchasing an additional 7,897,912 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Hormel Foods by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,080,832 shares of the company’s stock worth $190,805,000 after purchasing an additional 63,583 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.