Hormel Foods Corporation $HRL Shares Acquired by Holocene Advisors LP

Holocene Advisors LP increased its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,270,671 shares of the company’s stock after acquiring an additional 114,509 shares during the period. Holocene Advisors LP owned approximately 0.59% of Hormel Foods worth $98,938,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HRL. Cromwell Holdings LLC grew its holdings in Hormel Foods by 162.7% in the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after purchasing an additional 620 shares during the period. Quarry LP purchased a new stake in Hormel Foods in the 1st quarter worth $41,000. Assetmark Inc. raised its position in Hormel Foods by 1,490.7% during the second quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock worth $47,000 after acquiring an additional 1,446 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Hormel Foods by 77.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company’s stock valued at $56,000 after purchasing an additional 809 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Hormel Foods by 436.2% during the second quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the company’s stock valued at $63,000 after purchasing an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HRL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the company a “buy” rating in a report on Thursday, October 30th. Bank of America raised their target price on Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hormel Foods from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.29.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $24.08 on Friday. The business’s 50 day moving average price is $23.10 and its 200 day moving average price is $26.53. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.41 and a beta of 0.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.20 and a current ratio of 2.47. Hormel Foods Corporation has a one year low of $21.03 and a one year high of $33.12.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Hormel Foods had a return on equity of 9.41% and a net margin of 3.95%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. On average, research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, January 12th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s dividend payout ratio (DPR) is presently 134.48%.

About Hormel Foods

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.