Wellington Management Group LLP Sells 69,147 Shares of Hormel Foods Corporation $HRL

Wellington Management Group LLP cut its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 59.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 47,356 shares of the company’s stock after selling 69,147 shares during the quarter. Wellington Management Group LLP’s holdings in Hormel Foods were worth $1,175,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods during the 2nd quarter valued at $26,000. Strive Financial Group LLC acquired a new position in Hormel Foods in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new position in Hormel Foods in the fourth quarter valued at about $28,000. Fiduciary Financial Advisors bought a new position in Hormel Foods in the second quarter valued at about $29,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Hormel Foods by 354.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock valued at $31,000 after purchasing an additional 1,025 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a report on Thursday, May 21st. Weiss Ratings lowered shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Bank of America lifted their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Stephens set a $23.00 target price on shares of Hormel Foods in a report on Friday, August 28th. Finally, BNP Paribas Exane decreased their price target on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.14.

Hormel Foods Trading Down 1.4%

NYSE HRL opened at $20.55 on Friday. The firm has a market capitalization of $11.31 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.33. The business’s 50-day moving average price is $23.99 and its two-hundred day moving average price is $23.19. The company has a current ratio of 1.88, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. Hormel Foods Corporation has a 12 month low of $19.70 and a 12 month high of $26.60.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, analysts expect that Hormel Foods Corporation will post 1.49 EPS for the current year.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the transaction, the director owned 32,002 shares in the company, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

Hormel Foods Company Profile

Hormel Foods Corporation (NYSE: HRL) is a global food company that develops, produces and markets branded meat, prepared foods and other grocery products. Its portfolio includes SPAM luncheon meat, Hormel pepperoni, Hormel Compleats meals, Jennie-O turkey products, Applegate natural and organic foods, Columbus deli meats and Planters snack products.

The company sells products through retail grocery channels, foodservice operations and international markets. Its offerings are used by consumers, restaurants, schools, hospitals and other institutional customers, with products distributed across the United States and in selected markets worldwide.

Founded in 1891 by George A.