Viawealth LLC Trims Stock Position in Hormel Foods Corporation $HRL

Viawealth LLC lessened its position in shares of Hormel Foods Corporation (NYSE:HRL) by 24.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,379 shares of the company’s stock after selling 3,919 shares during the period. Viawealth LLC’s holdings in Hormel Foods were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HRL. Cromwell Holdings LLC boosted its holdings in 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 purchasing 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 worth $37,000. Quarry LP purchased a new stake in shares of Hormel Foods in the first quarter worth $41,000. Assetmark Inc. boosted its stake in Hormel Foods by 1,490.7% during the second quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock valued at $47,000 after buying an additional 1,446 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Hormel Foods by 77.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company’s stock valued at $56,000 after buying an additional 809 shares during the period. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HRL shares. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the stock a “buy” rating in a research note on Thursday, October 30th. Bank of America decreased their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Zacks Research downgraded shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Piper Sandler dropped their target price on shares of Hormel Foods from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.86.

Hormel Foods Stock Up 1.7%

Shares of HRL opened at $22.98 on Wednesday. Hormel Foods Corporation has a 1 year low of $21.03 and a 1 year high of $33.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $23.38 and a two-hundred day simple moving average of $27.05. The firm has a market cap of $12.64 billion, a P/E ratio of 16.77, a P/E/G 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 for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’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. On average, analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, January 12th will be given a dividend of $0.2925 per share. The ex-dividend date is Monday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 5.1%. Hormel Foods’s dividend payout ratio (DPR) is currently 84.67%.

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.