Praxis Investment Management Inc. Reduces Stake in Hormel Foods Corporation $HRL

Praxis Investment Management Inc. decreased its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 77.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,840 shares of the company’s stock after selling 27,280 shares during the period. Praxis Investment Management Inc.’s holdings in Hormel Foods were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cromwell Holdings LLC raised its holdings in shares of Hormel Foods by 162.7% in the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after acquiring an additional 620 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Hormel Foods in the 1st quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Hormel Foods in the 1st quarter valued at about $38,000. Quarry LP purchased a new stake in shares of Hormel Foods in the 1st quarter valued at about $41,000. Finally, YANKCOM Partnership raised its holdings in shares of Hormel Foods by 18.5% in the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock valued at $95,000 after acquiring an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Price Performance

HRL opened at $24.05 on Monday. The stock’s 50 day simple moving average is $25.72 and its 200 day simple moving average is $28.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a 1 year low of $23.13 and a 1 year high of $33.80. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 5.36 and a beta of 0.29.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results 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). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. Hormel Foods’s revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Analysts Set New Price Targets

Several analysts have weighed in on HRL shares. Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lowered their price target on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th. Bank of America decreased their price objective on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Finally, Barclays reissued an “overweight” rating and set a $34.00 price objective (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.88.

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.