UniSuper Management Pty Ltd Acquires 4,980 Shares of Hormel Foods Corporation $HRL

UniSuper Management Pty Ltd grew its holdings in Hormel Foods Corporation (NYSE:HRL) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,785 shares of the company’s stock after purchasing an additional 4,980 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Hormel Foods were worth $1,912,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Hormel Foods in the 1st quarter worth approximately $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Hormel Foods in the 1st quarter worth approximately $38,000. Quarry LP purchased a new position in shares of Hormel Foods in the 1st quarter worth approximately $41,000. Riverview Trust Co grew its position in shares of Hormel Foods by 183.8% in the 1st quarter. Riverview Trust Co now owns 1,572 shares of the company’s stock worth $49,000 after buying an additional 1,018 shares during the last quarter. Finally, YANKCOM Partnership grew its position in shares of Hormel Foods by 18.5% in the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock worth $95,000 after buying an additional 480 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Bank of America cut 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. Barclays reissued an “overweight” rating and issued a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. The Goldman Sachs Group lowered their price target on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 29th. Zacks Research downgraded Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.88.

Hormel Foods Stock Down 2.2%

Shares of HRL stock opened at $24.96 on Thursday. The stock’s 50-day simple moving average is $28.41 and its 200-day simple moving average is $29.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The firm has a market capitalization of $13.73 billion, a PE ratio of 18.22, a P/E/G ratio of 5.68 and a beta of 0.31. Hormel Foods Corporation has a fifty-two week low of $23.71 and a fifty-two week high of $33.80.

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). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Equities analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

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.