Core Capital Management & Research inc. Purchases Shares of 323,296 Hormel Foods Corporation $HRL

Core Capital Management & Research inc. acquired a new position in shares of Hormel Foods Corporation (NYSE:HRL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 323,296 shares of the company’s stock, valued at approximately $7,729,000. Hormel Foods comprises approximately 4.1% of Core Capital Management & Research inc.’s portfolio, making the stock its 5th biggest holding. Core Capital Management & Research inc. owned approximately 0.06% of Hormel Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HRL. Raiffeisen Bank International AG increased its position in shares of Hormel Foods by 90.7% during the second quarter. Raiffeisen Bank International AG now owns 986 shares of the company’s stock worth $26,000 after buying an additional 469 shares during the period. MUFG Securities EMEA plc bought a new stake in Hormel Foods during the second quarter valued at $26,000. Strive Financial Group LLC acquired a new stake in Hormel Foods during the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new position in shares of Hormel Foods in the 4th quarter worth about $28,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Hormel Foods in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Trading Down 1.2%

Shares of Hormel Foods stock opened at $20.95 on Thursday. The stock has a market capitalization of $11.53 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.33. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $26.60. The stock has a 50 day moving average price of $24.16 and a two-hundred day moving average price of $23.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88.

Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. Hormel Foods’s revenue for the quarter was down 2.4% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. As a group, equities analysts anticipate that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the transaction, the director directly owned 32,002 shares of the company’s stock, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

HRL has been the subject of several recent analyst reports. BNP Paribas Exane decreased their target price on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 28th. The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. raised their price target on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Finally, Bank of America upped their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.14.

Hormel Foods Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.