Teacher Retirement System of Texas Acquires 57,817 Shares of Hormel Foods Corporation $HRL

Teacher Retirement System of Texas increased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 39.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,358 shares of the company’s stock after buying an additional 57,817 shares during the period. Teacher Retirement System of Texas’ holdings in Hormel Foods were worth $6,182,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cromwell Holdings LLC boosted its position in shares of Hormel Foods by 162.7% in the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after purchasing an additional 620 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Hormel Foods in the first quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Hormel Foods in the first quarter valued at about $38,000. Quarry LP acquired a new position in Hormel Foods in the first quarter valued at about $41,000. Finally, Hoese & Co LLP acquired a new position in Hormel Foods in the second quarter valued at about $91,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Shares of HRL opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. Hormel Foods Corporation has a twelve month low of $21.22 and a twelve month high of $33.80. The firm’s 50 day moving average price is $24.78 and its two-hundred day moving average price is $28.05. The firm has a market cap of $11.70 billion, a P/E ratio of 15.52, a PEG ratio of 4.95 and a beta of 0.29.

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). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio is 84.67%.

Wall Street Analysts Forecast Growth

HRL has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Bank of America decreased their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Barclays reissued an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. The Goldman Sachs Group set a $27.00 price target on shares of Hormel Foods and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Research downgraded Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods presently has a consensus rating of “Hold” and an average price target of $30.71.

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.