Wealth Enhancement Advisory Services LLC Has $3.06 Million Stock Holdings in Hormel Foods Corporation $HRL

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,667 shares of the company’s stock after selling 27,317 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hormel Foods were worth $3,064,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HRL. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods in the 2nd quarter valued at $26,000. Caldwell Trust Co acquired a new position in shares of Hormel Foods in the 2nd quarter worth approximately $30,000. Cromwell Holdings LLC raised its position in Hormel Foods by 162.7% in the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after purchasing an additional 620 shares during the last quarter. Assetmark Inc. increased its stake in shares of Hormel Foods by 1,490.7% in the second quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock valued at $47,000 after buying an additional 1,446 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Hormel Foods by 77.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company’s stock valued at $56,000 after acquiring an additional 809 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler reissued a “neutral” rating and set a $26.00 price target (up from $25.00) on shares of Hormel Foods in a research note on Friday, December 5th. Zacks Research raised Hormel Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Barclays set a $30.00 price target on Hormel Foods and gave the company an “overweight” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group set a $27.00 target price on shares of Hormel Foods and gave the company a “buy” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.29.

Hormel Foods Trading Down 2.4%

NYSE:HRL opened at $24.59 on Thursday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.56 and a beta of 0.33. Hormel Foods Corporation has a 1-year low of $21.03 and a 1-year high of $32.07. The business’s 50-day moving average price is $23.75 and its two-hundred day moving average price is $24.97. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36.

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

Hormel Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, January 12th will be issued a $0.2925 dividend. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.17 annualized dividend and a dividend yield of 4.8%. Hormel Foods’s dividend payout ratio (DPR) is presently 134.48%.

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.