Investors Research Corp Takes Position in Hormel Foods Corporation $HRL

Investors Research Corp purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 32,850 shares of the company’s stock, valued at approximately $815,000.

A number of other hedge funds have also bought and sold shares of HRL. SlateStone Wealth LLC increased its holdings in Hormel Foods by 2.3% in the second quarter. SlateStone Wealth LLC now owns 17,890 shares of the company’s stock valued at $444,000 after buying an additional 400 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Hormel Foods by 1.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 39,005 shares of the company’s stock worth $968,000 after buying an additional 427 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Hormel Foods by 5.0% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,967 shares of the company’s stock worth $213,000 after acquiring an additional 431 shares in the last quarter. Advisory Alpha LLC grew its position in shares of Hormel Foods by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock worth $367,000 after acquiring an additional 440 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its holdings in shares of Hormel Foods by 1.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 25,944 shares of the company’s stock valued at $615,000 after acquiring an additional 441 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Stock Up 0.7%

NYSE:HRL opened at $22.00 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $24.66 and a 200-day moving average of $23.34. The firm has a market capitalization of $12.11 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.63 and a beta of 0.33. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $26.60.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $0.35 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Analysts predict that Hormel Foods Corporation will post 1.49 EPS for the current year.

Insiders Place Their Bets

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the sale, the director directly owned 32,002 shares in the company, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HRL has been the topic of several research reports. Bank of America upped their price target on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Stephens set a $23.00 target price on shares of Hormel Foods in a research note on Friday. The Goldman Sachs Group set a $25.00 target price on shares of Hormel Foods in a report on Thursday, May 21st. Finally, BNP Paribas Exane reduced their price target on shares of 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 investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods currently has an average rating of “Hold” and an average target price of $26.14.

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.