Analysts’ Recent Ratings Changes for Hormel Foods (HRL)

Hormel Foods (NYSE: HRL) has recently received a number of price target changes and ratings updates:

• 5/29/2026 – Hormel Foods had its price target raised by Bank of America Corporation from $23.00 to $25.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Hormel Foods had its price target raised by Stephens from $22.00 to $25.00. They now have an “equal weight” rating on the stock.
• 5/21/2026 – Hormel Foods was given a new $25.00 price target by The Goldman Sachs Group, Inc..
• 5/21/2026 – Hormel Foods was given a new $22.00 price target by Stephens. They now have an “equal weight” rating on the stock.
• 5/21/2026 – Hormel Foods had its “outperform” rating reaffirmed by Stephens.
• 4/21/2026 – Hormel Foods had its “sell (d+)” rating reaffirmed by Weiss Ratings.

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 4.8%. Hormel Foods’s payout ratio is presently 137.65%.

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.