Hormel Foods Corporation $HRL Shares Acquired by Swedbank AB

Swedbank AB increased its holdings in Hormel Foods Corporation (NYSE:HRL) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,192 shares of the company’s stock after acquiring an additional 47,550 shares during the quarter. Swedbank AB’s holdings in Hormel Foods were worth $7,968,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in shares of Hormel Foods by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock worth $1,308,000 after buying an additional 437 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of Hormel Foods by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock worth $367,000 after buying an additional 440 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Hormel Foods by 6.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,583 shares of the company’s stock worth $203,000 after buying an additional 483 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of Hormel Foods by 3.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock worth $332,000 after buying an additional 486 shares in the last quarter. Finally, Mystic Asset Management Inc. boosted its position in shares of Hormel Foods by 6.4% in the 3rd 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. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Trading Down 1.6%

Shares of HRL stock opened at $20.89 on Wednesday. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $22.96. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.92 and a beta of 0.33. The company has a current ratio of 2.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Research analysts forecast that Hormel Foods Corporation will post 1.41 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. Hormel Foods’s dividend payout ratio is currently 131.46%.

Analyst Ratings Changes

HRL has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 target price on shares of Hormel Foods in a research note on Thursday, May 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Finally, Stephens set a $22.00 target price on shares of Hormel Foods and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and a consensus price target of $25.33.

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.