Nomura Asset Management Co. Ltd. Purchases 138,439 Shares of Hormel Foods Corporation $HRL

Nomura Asset Management Co. Ltd. boosted its position in Hormel Foods Corporation (NYSE:HRL) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,615,614 shares of the company’s stock after purchasing an additional 138,439 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hormel Foods were worth $38,290,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Hormel Foods by 66.5% in the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock worth $280,352,000 after acquiring an additional 4,526,167 shares during the last quarter. Norges Bank purchased a new position in shares of Hormel Foods in the 4th quarter worth about $85,840,000. Victory Capital Management Inc. raised its position in shares of Hormel Foods by 297.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock worth $103,815,000 after purchasing an additional 3,142,670 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Hormel Foods by 126.2% in the 3rd quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock worth $78,538,000 after purchasing an additional 1,770,852 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Hormel Foods by 97.1% in the 3rd quarter. Barclays PLC now owns 2,010,924 shares of the company’s stock worth $49,750,000 after purchasing an additional 990,861 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Trending Headlines about Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat quarterly earnings and revenue expectations, with broad-based segment profit growth and stronger adjusted margins supporting the stock. Reuters article
• Positive Sentiment: Management reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51, signaling confidence that the profit recovery can continue even after portfolio changes. PR Newswire release
• Positive Sentiment: Analysts responded by raising price targets to $25 from $22-$23, suggesting more upside is possible if the turnaround continues. Benzinga article
• Neutral Sentiment: Hormel updated GAAP EPS guidance lower due to items tied to the turkey business divestiture, but said the impact on adjusted earnings should be minimal.
• Neutral Sentiment: Some reports noted that profit was lower year over year, even though results still came in ahead of expectations and showed operational improvement. WSJ article

Hormel Foods Stock Up 0.1%

HRL stock opened at $23.26 on Monday. Hormel Foods Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $31.86. The business’s 50-day moving average is $21.41 and its two-hundred day moving average is $22.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 3.07 and a beta of 0.35.

Hormel Foods (NYSE:HRL) last posted its earnings results on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. Hormel Foods’s revenue was up 2.6% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, analysts forecast that Hormel Foods Corporation will post 1.47 earnings per share for the current year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.0%. Hormel Foods’s dividend payout ratio (DPR) is 137.65%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HRL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research report on Thursday, May 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $23.00 price target (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Stephens lifted their price target on Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Bank of America lifted their price target on Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods presently has an average rating of “Hold” and a consensus target price of $25.67.

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.