Hormel Foods Corporation (NYSE:HRL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hormel Foods Corporation (NYSE:HRL) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.1429.

Several brokerages have commented on HRL. Stephens set a $23.00 target price on Hormel Foods in a report on Friday, August 28th. BNP Paribas Exane lowered their price objective on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. JPMorgan Chase & Co. lifted their price objective on Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Bank of America upped their target price on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th.

Hormel Foods Trading Down 1.5%

Shares of NYSE HRL opened at $21.71 on Friday. The firm has a 50 day moving average price of $24.51 and a two-hundred day moving average price of $23.31. The stock has a market cap of $11.95 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 2.59 and a beta of 0.33. Hormel Foods has a 52-week low of $19.70 and a 52-week high of $26.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88.

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

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction 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 sale, the director directly owned 32,002 shares in the company, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Institutional Trading of Hormel Foods

A number of institutional investors have recently bought and sold shares of the company. Raiffeisen Bank International AG lifted its stake in shares of Hormel Foods by 90.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 986 shares of the company’s stock valued at $26,000 after purchasing an additional 469 shares during the period. MUFG Securities EMEA plc bought a new stake in Hormel Foods in the second quarter worth approximately $26,000. Strive Financial Group LLC acquired a new position in Hormel Foods in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC acquired a new position in Hormel Foods in the fourth quarter valued at approximately $28,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Hormel Foods during the 2nd quarter worth approximately $29,000. Institutional investors own 40.99% of the company’s stock.

About Hormel Foods

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.