Shell Asset Management Co. Has $1.43 Million Stock Holdings in Hormel Foods Corporation $HRL

Shell Asset Management Co. increased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 94.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,390 shares of the company’s stock after acquiring an additional 23,046 shares during the period. Shell Asset Management Co.’s holdings in Hormel Foods were worth $1,434,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cromwell Holdings LLC grew its position in Hormel Foods by 162.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after acquiring an additional 620 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Hormel Foods during the 1st quarter worth approximately $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hormel Foods during the 1st quarter worth approximately $38,000. Quarry LP bought a new stake in Hormel Foods during the 1st quarter worth approximately $41,000. Finally, YANKCOM Partnership grew its position in Hormel Foods by 18.5% during the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock worth $95,000 after acquiring an additional 480 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HRL shares. Bank of America decreased their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. JPMorgan Chase & Co. decreased their price objective 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. Barclays reiterated an “overweight” rating and issued a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods has an average rating of “Hold” and a consensus target price of $30.88.

Hormel Foods Stock Performance

HRL stock opened at $23.90 on Thursday. The company has a market cap of $13.15 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 5.35 and a beta of 0.29. Hormel Foods Corporation has a twelve month low of $23.71 and a twelve month high of $33.80. 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 fifty day moving average is $26.36 and its 200-day moving average is $28.78.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities research analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors 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 yield of 4.9%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

About Hormel Foods

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.