Landscape Capital Management L.L.C. Has $6.59 Million Stock Holdings in Hormel Foods Corporation $HRL

Landscape Capital Management L.L.C. increased its position in Hormel Foods Corporation (NYSE:HRL) by 76.3% during the third quarter, Holdings Channel reports. The firm owned 266,191 shares of the company’s stock after buying an additional 115,224 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Hormel Foods were worth $6,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Caxton Associates LLP bought a new stake in Hormel Foods in the first quarter valued at approximately $310,000. Empowered Funds LLC increased its holdings in shares of Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after acquiring an additional 993 shares during the last quarter. Woodline Partners LP raised its stake in Hormel Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock valued at $761,000 after acquiring an additional 7,129 shares during the period. Fox Run Management L.L.C. acquired a new stake in Hormel Foods during the 2nd quarter valued at $342,000. Finally, Aviva PLC lifted its holdings in Hormel Foods by 6.7% during the 2nd quarter. Aviva PLC now owns 224,860 shares of the company’s stock valued at $6,802,000 after purchasing an additional 14,095 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on HRL. Zacks Research upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Hormel Foods from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Stephens lifted their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Barclays set a $30.00 price target on shares of Hormel Foods and gave the company an “overweight” rating in a report on Tuesday, December 9th. Finally, Bank of America raised their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.71.

Hormel Foods Stock Performance

Shares of Hormel Foods stock traded up $0.05 during trading on Friday, reaching $22.75. The company’s stock had a trading volume of 350,433 shares, compared to its average volume of 4,737,313. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $24.22 and its 200-day moving average price is $24.05. Hormel Foods Corporation has a 52 week low of $21.03 and a 52 week high of $32.07. The firm has a market cap of $12.52 billion, a PE ratio of 25.57, a P/E/G ratio of 2.77 and a beta of 0.32.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm earned $0.35 earnings per share. Hormel Foods’s revenue for the quarter was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

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.