Vest Financial LLC Sells 41,580 Shares of Hormel Foods Corporation $HRL

Vest Financial LLC lessened its holdings in shares of Hormel Foods Corporation (NYSE:HRL) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,733,636 shares of the company’s stock after selling 41,580 shares during the period. Vest Financial LLC’s holdings in Hormel Foods were worth $52,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its position in Hormel Foods by 162.7% during the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock worth $30,000 after acquiring an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Hormel Foods in the first quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hormel Foods during the 1st quarter worth about $38,000. Quarry LP bought a new stake in shares of Hormel Foods in the 1st quarter valued at about $41,000. Finally, YANKCOM Partnership increased its stake 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 during the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective on Hormel Foods from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Barclays reissued an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Bank of America lowered their target price on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. cut their target price on Hormel Foods from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.88.

Hormel Foods Stock Performance

Shares of HRL opened at $23.74 on Monday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 5.29 and a beta of 0.29. Hormel Foods Corporation has a 12 month low of $23.68 and a 12 month high of $33.80. 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’s fifty day simple moving average is $26.18 and its two-hundred day simple moving average is $28.69.

Hormel Foods (NYSE:HRL) last released its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the firm 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. Research analysts anticipate that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, October 14th. Hormel Foods’s dividend payout ratio is currently 84.67%.

Hormel Foods 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.