Cromwell Holdings LLC Boosts Stake in Hormel Foods Corporation $HRL

Cromwell Holdings LLC raised its position in Hormel Foods Corporation (NYSE:HRL) by 162.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,001 shares of the company’s stock after purchasing an additional 620 shares during the quarter. Cromwell Holdings LLC’s holdings in Hormel Foods were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HRL. Pacer Advisors Inc. lifted its position in Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after buying an additional 2,312,024 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Hormel Foods by 485.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock valued at $60,755,000 after acquiring an additional 1,628,382 shares during the period. Nuveen LLC acquired a new position in shares of Hormel Foods during the 1st quarter valued at $23,427,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hormel Foods by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock valued at $128,594,000 after acquiring an additional 405,719 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in Hormel Foods during the 1st quarter worth $8,961,000. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

Shares of HRL opened at $24.65 on Friday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 5.49 and a beta of 0.29. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $26.62 and its two-hundred day moving average is $28.90. Hormel Foods Corporation has a 52-week low of $23.71 and a 52-week high of $33.80.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Analysts forecast that Hormel Foods Corporation will post 1.65 EPS 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. Investors of record on Tuesday, October 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is 84.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HRL. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Saturday, September 27th. JPMorgan Chase & Co. reduced their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Barclays reiterated an “overweight” rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Finally, Bank of America decreased their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.