Hormel Foods Corporation $HRL Stake Lessened by iSAM Funds UK Ltd

iSAM Funds UK Ltd decreased its position in shares of Hormel Foods Corporation (NYSE:HRL) by 29.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,978 shares of the company’s stock after selling 24,890 shares during the period. iSAM Funds UK Ltd’s holdings in Hormel Foods were worth $1,784,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Hormel Foods by 1.3% during the 2nd quarter. State Street Corp now owns 28,068,704 shares of the company’s stock valued at $849,078,000 after purchasing an additional 354,340 shares during the period. Daiwa Securities Group Inc. boosted its stake in Hormel Foods by 4.4% during the second quarter. Daiwa Securities Group Inc. now owns 60,458 shares of the company’s stock valued at $1,829,000 after buying an additional 2,572 shares in the last quarter. Natixis grew its holdings in Hormel Foods by 72.8% during the second quarter. Natixis now owns 55,480 shares of the company’s stock worth $1,678,000 after acquiring an additional 23,376 shares during the period. Ossiam raised its position in Hormel Foods by 51.7% in the second quarter. Ossiam now owns 11,301 shares of the company’s stock worth $342,000 after acquiring an additional 3,849 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in Hormel Foods by 2.3% in the 2nd quarter. Bank of Nova Scotia now owns 30,306 shares of the company’s stock valued at $917,000 after acquiring an additional 671 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on HRL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. Zacks Research cut shares of Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their price target on Hormel Foods from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday. Barclays set a $30.00 price objective on Hormel Foods in a research report on Tuesday. Finally, The Goldman Sachs Group set a $27.00 price objective on Hormel Foods and gave the stock a “buy” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hormel Foods currently has an average rating of “Hold” and an average target price of $28.29.

Hormel Foods Stock Down 2.0%

HRL stock opened at $23.85 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.20. The firm has a market capitalization of $13.11 billion, a P/E ratio of 27.41, a P/E/G ratio of 5.41 and a beta of 0.33. Hormel Foods Corporation has a 52-week low of $21.03 and a 52-week high of $33.80. The company’s 50 day simple moving average is $23.18 and its 200-day simple moving average is $26.65.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, equities research analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, January 12th will be issued a dividend of $0.2925 per share. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, January 12th. Hormel Foods’s dividend payout ratio is presently 133.33%.

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.