Hormel Foods Corporation $HRL Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC lowered its stake in Hormel Foods Corporation (NYSE:HRL) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 962,199 shares of the company’s stock after selling 28,086 shares during the quarter. Hormel Foods comprises 1.3% of Grandfield & Dodd LLC’s portfolio, making the stock its 26th largest position. Grandfield & Dodd LLC’s holdings in Hormel Foods were worth $22,804,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Exchange Traded Concepts LLC grew its stake in shares of Hormel Foods by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock valued at $1,308,000 after buying an additional 437 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Hormel Foods by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 15,477 shares of the company’s stock valued at $367,000 after buying an additional 440 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Hormel Foods by 6.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 8,583 shares of the company’s stock valued at $203,000 after buying an additional 483 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake 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 buying an additional 486 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Hormel Foods by 0.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HRL shares. JPMorgan Chase & Co. reiterated 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. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a report on Thursday, May 21st. Bank of America increased their price target on Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Finally, Stephens increased their price target on Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.67.

Hormel Foods Trading Down 1.4%

NYSE:HRL opened at $23.26 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $21.41 and its two-hundred day moving average is $22.97. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $31.86. The company has a market cap of $12.80 billion, a PE ratio of 27.36, a P/E/G ratio of 3.09 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, May 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.Hormel Foods’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, analysts predict that Hormel Foods Corporation will post 1.47 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.0%. Hormel Foods’s dividend payout ratio (DPR) is 137.65%.

Trending Headlines about Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat quarterly earnings and revenue expectations, with broad-based segment profit growth and stronger adjusted margins supporting the stock. Reuters article
• Positive Sentiment: Management reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51, signaling confidence that the profit recovery can continue even after portfolio changes. PR Newswire release
• Positive Sentiment: Analysts responded by raising price targets to $25 from $22-$23, suggesting more upside is possible if the turnaround continues. Benzinga article
• Neutral Sentiment: Hormel updated GAAP EPS guidance lower due to items tied to the turkey business divestiture, but said the impact on adjusted earnings should be minimal.
• Neutral Sentiment: Some reports noted that profit was lower year over year, even though results still came in ahead of expectations and showed operational improvement. WSJ article

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.