Hormel Foods (NYSE:HRL) Price Target Cut to $27.00 by Analysts at JPMorgan Chase & Co.

Hormel Foods (NYSE:HRL) had its price objective dropped by JPMorgan Chase & Co. from $30.00 to $27.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.41% from the stock’s previous close.

HRL has been the subject of several other reports. Barclays reiterated an “overweight” rating and issued a $34.00 target price (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the stock a “buy” rating in a research report on Thursday, October 30th. Piper Sandler decreased their price objective on Hormel Foods from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Zacks Research lowered shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and an average target price of $28.86.

Hormel Foods Price Performance

NYSE:HRL traded up $0.48 during mid-day trading on Friday, reaching $22.80. 1,025,947 shares of the stock were exchanged, compared to its average volume of 3,581,339. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $23.51 and a 200 day moving average price of $27.21. Hormel Foods has a 1-year low of $21.03 and a 1-year high of $33.80. The firm has a market capitalization of $12.54 billion, a PE ratio of 16.66, a PEG ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts expect that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HRL. Teachers Retirement System of The State of Kentucky increased its holdings in Hormel Foods by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 22,448 shares of the company’s stock valued at $695,000 after buying an additional 856 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Hormel Foods by 31.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 224,041 shares of the company’s stock worth $6,932,000 after purchasing an additional 53,116 shares in the last quarter. Brookwood Investment Group LLC bought a new position in Hormel Foods during the first quarter worth about $956,000. Avantax Advisory Services Inc. grew its stake in shares of Hormel Foods by 16.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 83,606 shares of the company’s stock valued at $2,587,000 after purchasing an additional 11,947 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Hormel Foods by 9,725.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company’s stock worth $72,270,000 after buying an additional 2,312,024 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

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.