Private Wealth Asset Management LLC Cuts Holdings in Hormel Foods Corporation $HRL

Private Wealth Asset Management LLC decreased its position in shares of Hormel Foods Corporation (NYSE:HRL) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,757 shares of the company’s stock after selling 3,575 shares during the period. Private Wealth Asset Management LLC’s holdings in Hormel Foods were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HRL. Cromwell Holdings LLC grew its position in Hormel Foods by 162.7% during the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after buying an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Hormel Foods during the first quarter worth about $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Hormel Foods during the first quarter worth about $38,000. Quarry LP purchased a new position in Hormel Foods during the first quarter worth about $41,000. Finally, YANKCOM Partnership raised its stake in Hormel Foods by 18.5% during the first quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock worth $95,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Shares of HRL opened at $23.93 on Wednesday. The company has a market capitalization of $13.16 billion, a PE ratio of 17.47, a P/E/G ratio of 5.25 and a beta of 0.29. Hormel Foods Corporation has a 52-week low of $23.13 and a 52-week high of $33.80. The company has a 50-day simple moving average of $26.00 and a 200-day simple moving average of $28.61. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. Hormel Foods’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities research analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is currently 84.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HRL. Barclays restated an “overweight” rating and issued a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. decreased their price target on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.88.

Hormel Foods 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.