Hormel Foods Corporation $HRL Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC reduced its position in shares of Hormel Foods Corporation (NYSE:HRL) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,793 shares of the company’s stock after selling 699 shares during the period. Guardian Wealth Advisors LLC’s holdings in Hormel Foods were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC grew its stake in shares of Hormel Foods by 113.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 138,531 shares of the company’s stock valued at $4,191,000 after buying an additional 73,539 shares during the period. Focus Partners Advisor Solutions LLC purchased a new position in Hormel Foods in the second quarter worth approximately $216,000. AlphaQuest LLC increased its stake in Hormel Foods by 41.2% during the second quarter. AlphaQuest LLC now owns 16,046 shares of the company’s stock worth $485,000 after acquiring an additional 4,684 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Hormel Foods by 5.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 959,309 shares of the company’s stock valued at $29,019,000 after purchasing an additional 50,195 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Hormel Foods by 53.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 369,313 shares of the company’s stock valued at $11,172,000 after purchasing an additional 128,343 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Stock Performance

Shares of HRL opened at $23.80 on Friday. The stock has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $28.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The stock has a market capitalization of $13.09 billion, a PE ratio of 17.37, a PEG ratio of 5.31 and a beta of 0.29. Hormel Foods Corporation has a 1 year low of $23.13 and a 1 year high of $33.80.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. 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, analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. Hormel Foods’s payout ratio is presently 84.67%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HRL. The Goldman Sachs Group cut their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Bank of America lowered their target price on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research note on Saturday. JPMorgan Chase & Co. decreased their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Finally, Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and an average price target of $31.29.

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.