Northwestern Mutual Wealth Management Co. Boosts Holdings in Hormel Foods Corporation $HRL

Northwestern Mutual Wealth Management Co. increased its holdings in Hormel Foods Corporation (NYSE:HRL) by 513.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 284,416 shares of the company’s stock after buying an additional 238,027 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hormel Foods were worth $6,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Hormel Foods by 66.5% during the third quarter. Invesco Ltd. now owns 11,331,941 shares of the company’s stock valued at $280,352,000 after purchasing an additional 4,526,167 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Hormel Foods by 297.6% during the third quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock valued at $103,815,000 after purchasing an additional 3,142,670 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Hormel Foods by 126.2% during the third quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company’s stock valued at $78,538,000 after purchasing an additional 1,770,852 shares in the last quarter. Barclays PLC lifted its holdings in Hormel Foods by 97.1% during the third quarter. Barclays PLC now owns 2,010,924 shares of the company’s stock valued at $49,750,000 after purchasing an additional 990,861 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Hormel Foods by 58.6% during the third quarter. JPMorgan Chase & Co. now owns 2,237,005 shares of the company’s stock valued at $55,345,000 after purchasing an additional 826,564 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Analysts Set New Price Targets

HRL has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 price target (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Stephens set a $22.00 price target on shares of Hormel Foods and gave the company an “equal weight” rating in a report on Thursday. Finally, The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Hormel Foods Price Performance

HRL stock opened at $21.28 on Friday. Hormel Foods Corporation has a one year low of $19.70 and a one year high of $31.86. The company’s fifty day moving average price is $21.48 and its 200-day moving average price is $22.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66. The company has a market capitalization of $11.71 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities analysts anticipate that Hormel Foods Corporation will post 1.41 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, July 13th. Hormel Foods’s payout ratio is currently 131.46%.

Hormel Foods Profile

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.