Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Hormel Foods Corporation $HRL

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Hormel Foods Corporation (NYSE:HRL) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 755,899 shares of the company’s stock after buying an additional 84,244 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Hormel Foods worth $22,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Hormel Foods by 32.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 26,756 shares of the company’s stock worth $828,000 after acquiring an additional 6,629 shares during the period. Cerity Partners LLC increased its position in Hormel Foods by 3.7% during the first quarter. Cerity Partners LLC now owns 58,710 shares of the company’s stock worth $1,816,000 after purchasing an additional 2,093 shares during the last quarter. Xponance Inc. increased its position in Hormel Foods by 2.4% during the first quarter. Xponance Inc. now owns 40,546 shares of the company’s stock worth $1,254,000 after purchasing an additional 969 shares during the last quarter. MQS Management LLC purchased a new position in Hormel Foods during the first quarter worth approximately $273,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Hormel Foods in the 1st quarter valued at $414,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Trading Up 1.7%

HRL opened at $22.53 on Wednesday. The firm’s 50 day moving average is $23.93 and its 200-day moving average is $27.54. Hormel Foods Corporation has a 52-week low of $21.03 and a 52-week high of $33.80. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $12.39 billion, a P/E ratio of 16.44, a P/E/G ratio of 4.95 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last released its quarterly 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 net margin of 6.26% and a return on equity of 10.06%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Hormel Foods’s revenue for the quarter 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. Analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Hormel Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.1%. Hormel Foods’s payout ratio is 84.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HRL shares. Bank of America dropped their price objective on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Piper Sandler reduced their price objective on Hormel Foods from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.00.

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.