Hormel Foods Corporation $HRL Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 12.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 27,332 shares of the company’s stock after acquiring an additional 3,047 shares during the quarter. SG Americas Securities LLC’s holdings in Hormel Foods were worth $827,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HRL. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Hormel Foods by 31.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 224,041 shares of the company’s stock valued at $6,932,000 after acquiring an additional 53,116 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Hormel Foods by 16.7% in the first quarter. Avantax Advisory Services Inc. now owns 83,606 shares of the company’s stock valued at $2,587,000 after purchasing an additional 11,947 shares during the period. Stevens Capital Management LP acquired a new position in shares of Hormel Foods during the first quarter worth about $226,000. Empirical Finance LLC boosted its position in shares of Hormel Foods by 7.3% in the first quarter. Empirical Finance LLC now owns 10,528 shares of the company’s stock worth $326,000 after buying an additional 714 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hormel Foods by 8.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,736 shares of the company’s stock valued at $3,952,000 after buying an additional 9,837 shares in the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Trading Up 1.6%

NYSE HRL opened at $22.67 on Monday. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 4.95 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a 12 month low of $21.03 and a 12 month high of $33.80. The company’s fifty day moving average price is $23.46 and its two-hundred day moving average price is $27.14.

Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, 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 was paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is currently 84.67%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays reiterated an “overweight” rating and set a $34.00 target price (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. JPMorgan Chase & Co. reduced their target price on shares of Hormel Foods from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America decreased 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 downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.86.

Hormel Foods Company Profile

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.