Morningstar Investment Management LLC Invests $243,000 in Hormel Foods Corporation $HRL

Morningstar Investment Management LLC purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,047 shares of the company’s stock, valued at approximately $243,000.

A number of other large investors also recently modified their holdings of HRL. Cromwell Holdings LLC increased its position in shares of Hormel Foods by 162.7% during the second 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. acquired a new position in shares of Hormel Foods in the first quarter valued at $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Hormel Foods in the first quarter valued at $38,000. Quarry LP acquired a new position in shares of Hormel Foods in the first quarter valued at $41,000. Finally, YANKCOM Partnership raised its stake in shares of Hormel Foods by 18.5% in the first quarter. YANKCOM Partnership now owns 3,081 shares of the company’s stock valued at $95,000 after purchasing an additional 480 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HRL has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Barclays restated an “overweight” rating and issued a $34.00 target price (down from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. The Goldman Sachs Group cut their target price on Hormel Foods from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Bank of America lowered their price target on Hormel Foods from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Finally, Zacks Research cut Hormel Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.88.

Hormel Foods Stock Performance

Shares of NYSE:HRL opened at $23.93 on Wednesday. The business’s fifty day moving average price is $26.00 and its two-hundred day moving average price is $28.61. Hormel Foods Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $33.80. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 5.25 and a beta of 0.29. 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 (NYSE:HRL) last announced its earnings results on Thursday, August 28th. The company reported $0.35 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 business 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 company posted $0.37 EPS. 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. As a group, analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current fiscal 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. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a yield of 4.8%. Hormel Foods’s dividend payout ratio is 84.67%.

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.