Teacher Retirement System of Texas Reduces Stock Position in Hormel Foods Corporation $HRL

Teacher Retirement System of Texas cut its holdings in Hormel Foods Corporation (NYSE:HRL) by 13.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 176,467 shares of the company’s stock after selling 27,891 shares during the period. Teacher Retirement System of Texas’ holdings in Hormel Foods were worth $4,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HRL. Vanguard Group Inc. increased its stake in Hormel Foods by 2.2% during the second quarter. Vanguard Group Inc. now owns 36,865,901 shares of the company’s stock worth $1,115,194,000 after acquiring an additional 805,449 shares during the last quarter. State Street Corp lifted its position in Hormel Foods by 1.3% in the second quarter. State Street Corp now owns 28,068,704 shares of the company’s stock worth $849,078,000 after buying an additional 354,340 shares during the last quarter. Geode Capital Management LLC lifted its position in Hormel Foods by 2.2% in the second quarter. Geode Capital Management LLC now owns 7,886,107 shares of the company’s stock worth $237,589,000 after buying an additional 166,152 shares during the last quarter. Norges Bank purchased a new position in Hormel Foods during the second quarter worth $101,201,000. Finally, Holocene Advisors LP increased its position in Hormel Foods by 3.6% during the second quarter. Holocene Advisors LP now owns 3,270,671 shares of the company’s stock valued at $98,938,000 after acquiring an additional 114,509 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Hormel Foods stock opened at $25.19 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.20 and a current ratio of 2.47. The company has a market capitalization of $13.86 billion, a PE ratio of 28.96, a P/E/G ratio of 2.52 and a beta of 0.33. The company has a 50 day moving average price of $23.70 and a 200-day moving average price of $24.97. Hormel Foods Corporation has a fifty-two week low of $21.03 and a fifty-two week high of $32.07.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.24 billion. Hormel Foods had a return on equity of 9.41% and a net margin of 3.95%.Hormel Foods’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, equities analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, January 12th will be issued a $0.2925 dividend. The ex-dividend date is Monday, January 12th. This is an increase from Hormel Foods’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.6%. Hormel Foods’s dividend payout ratio is presently 134.48%.

Analyst Upgrades and Downgrades

HRL has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Thursday, January 22nd. 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 note on Friday, December 5th. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the company a “buy” rating in a research report on Thursday, October 30th. Barclays set a $30.00 price target on Hormel Foods and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Finally, Zacks Research upgraded Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Three investment 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. According to data from MarketBeat, Hormel Foods currently has a consensus rating of “Hold” and a consensus price target of $28.29.

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.