BTS Asset Management Inc. Buys 508 Shares of Hormel Foods Corporation $HRL

BTS Asset Management Inc. lifted its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,544 shares of the company’s stock after purchasing an additional 508 shares during the period. BTS Asset Management Inc.’s holdings in Hormel Foods were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HRL. Dimensional Fund Advisors LP increased its position in shares of Hormel Foods by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company’s stock valued at $128,594,000 after buying an additional 405,719 shares during the period. Northern Trust Corp increased its position in shares of Hormel Foods by 1.4% during the first quarter. Northern Trust Corp now owns 3,007,461 shares of the company’s stock valued at $93,051,000 after buying an additional 41,236 shares during the period. Pacer Advisors Inc. increased its position in shares of Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock valued at $72,270,000 after buying an additional 2,312,024 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hormel Foods by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company’s stock valued at $65,698,000 after buying an additional 52,736 shares during the period. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Hormel Foods by 485.7% during the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company’s stock worth $60,755,000 after purchasing an additional 1,628,382 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HRL shares. Barclays reaffirmed an “overweight” rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. JPMorgan Chase & Co. cut their target price on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group cut their target price on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.29.

Hormel Foods Trading Up 0.5%

Hormel Foods stock opened at $24.09 on Wednesday. The business’s fifty day moving average is $25.54 and its 200 day moving average is $28.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a one year low of $23.13 and a one year high of $33.80. The stock has a market capitalization of $13.25 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 5.34 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, sell-side analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. Hormel Foods’s payout ratio is 84.67%.

Hormel Foods Company 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.