Mather Group LLC. Has $14.18 Million Holdings in Hormel Foods Corporation $HRL

Mather Group LLC. boosted its position in shares of Hormel Foods Corporation (NYSE:HRL) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,432 shares of the company’s stock after purchasing an additional 99,906 shares during the period. Mather Group LLC.’s holdings in Hormel Foods were worth $14,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRL. Siemens Fonds Invest GmbH lifted its holdings in shares of Hormel Foods by 3.8% in the third quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock valued at $332,000 after purchasing an additional 486 shares in the last quarter. Mystic Asset Management Inc. grew its holdings in shares of Hormel Foods by 6.4% during the third quarter. Mystic Asset Management Inc. now owns 8,300 shares of the company’s stock worth $205,000 after buying an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Hormel Foods by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company’s stock valued at $2,236,000 after buying an additional 560 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Hormel Foods by 6.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,728 shares of the company’s stock valued at $241,000 after buying an additional 567 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Hormel Foods by 7.5% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,125 shares of the company’s stock valued at $201,000 after acquiring an additional 567 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Ratings Changes

HRL has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Thursday, January 22nd. Stephens boosted their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Hormel Foods from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Barclays set a $30.00 target price on shares of Hormel Foods and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Hormel Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and an average price target of $27.71.

Hormel Foods Stock Down 1.0%

NYSE:HRL opened at $22.82 on Friday. Hormel Foods Corporation has a twelve month low of $21.03 and a twelve month high of $32.07. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.77 and a beta of 0.32. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $23.79.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities research analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 13th will be paid a $0.2925 dividend. The ex-dividend date is Monday, April 13th. This represents a $1.17 dividend on an annualized basis and a yield of 5.1%. Hormel Foods’s dividend payout ratio (DPR) is currently 131.46%.

Hormel Foods Company Profile

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.