75,000 Shares in Hormel Foods Corporation $HRL Purchased by Walnut Level Capital LLC

Walnut Level Capital LLC acquired a new stake in Hormel Foods Corporation (NYSE:HRL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 75,000 shares of the company’s stock, valued at approximately $2,269,000. Hormel Foods comprises 1.2% of Walnut Level Capital LLC’s holdings, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co increased its position in shares of Hormel Foods by 6.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 296,289 shares of the company’s stock valued at $8,968,000 after acquiring an additional 17,090 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Hormel Foods by 226.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 25,216 shares of the company’s stock valued at $763,000 after purchasing an additional 17,493 shares during the period. MUFG Securities EMEA plc bought a new position in Hormel Foods in the 2nd quarter valued at $26,000. Captrust Financial Advisors increased its position in shares of Hormel Foods by 45.4% during the 2nd quarter. Captrust Financial Advisors now owns 45,797 shares of the company’s stock valued at $1,385,000 after purchasing an additional 14,290 shares during the last quarter. Finally, Voleon Capital Management LP bought a new stake in shares of Hormel Foods during the 2nd quarter worth $1,771,000. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Trading Up 1.5%

NYSE:HRL opened at $24.08 on Friday. The company has a market cap of $13.24 billion, a P/E ratio of 27.67, a P/E/G ratio of 2.44 and a beta of 0.33. Hormel Foods Corporation has a 1 year low of $21.03 and a 1 year high of $33.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.20. The stock’s fifty day moving average price is $23.10 and its two-hundred day moving average price is $26.51.

Hormel Foods (NYSE:HRL) last released 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 net margin of 3.95% and a return on equity of 9.41%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, January 12th will be given a dividend of $0.2925 per share. The ex-dividend date is Monday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.9%. Hormel Foods’s dividend payout ratio (DPR) is 133.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. 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 report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Barclays set a $30.00 price objective on Hormel Foods and gave the company an “overweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on Hormel Foods from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average target price of $28.29.

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.