Rep. Kevin Hern Sells Hormel Foods Corporation (NYSE:HRL) Shares

Key Points

• Rep. Kevin Hern sold between $1,001 and $15,000 of Hormel Foods shares from his traditional IRA on August 13, according to a congressional filing. He also reported selling stakes in several other large companies in August.
• Hormel Foods reported quarterly EPS of $0.37, beating estimates of $0.35, but revenue fell 2.4% year over year to $2.96 billion and missed expectations. The company maintained fiscal 2026 EPS guidance of $1.45–$1.51.
• Analysts have a consensus “Hold” rating on HRL with a $26.14 price target, while institutional investors own approximately 40.99% of the company.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Hormel Foods Corporation NYSE: HRL. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in Hormel Foods stock on August 13th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

Hormel Foods Stock Performance

NYSE:HRL opened at $22.06 on Thursday. The firm has a market capitalization of $12.14 billion, a PE ratio of 35.02, a PEG ratio of 2.58 and a beta of 0.33. The stock's fifty day moving average is $24.59 and its 200 day moving average is $23.33. Hormel Foods Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $26.60. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, sell-side analysts anticipate that Hormel Foods Corporation will post 1.49 earnings per share for the current year.

Institutional Trading of Hormel Foods

Several hedge funds and other institutional investors have recently bought and sold shares of HRL. Allianz Asset Management GmbH grew its position in shares of Hormel Foods by 9.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 14,677 shares of the company's stock worth $345,000 after buying an additional 1,312 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of Hormel Foods by 7.8% during the 2nd quarter. Corient Private Wealth LP now owns 58,967 shares of the company's stock worth $1,464,000 after acquiring an additional 4,257 shares in the last quarter. HighTower Advisors LLC lifted its position in Hormel Foods by 8.0% during the second quarter. HighTower Advisors LLC now owns 132,688 shares of the company's stock valued at $3,293,000 after acquiring an additional 9,851 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Hormel Foods in the second quarter valued at approximately $482,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Hormel Foods by 2,186.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,259,202 shares of the company's stock valued at $204,993,000 after purchasing an additional 7,897,912 shares during the last quarter. Institutional investors own 40.99% of the company's stock.

Insider Buying and Selling at Hormel Foods

In related news, Director Gary C. Bhojwani sold 20,200 shares of the business's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total transaction of $495,102.00. Following the transaction, the director directly owned 32,002 shares in the company, valued at $784,369.02. The trade was a 38.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HRL has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Hormel Foods from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 28th. Bank of America raised their price target on Hormel Foods from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, August 14th. Finally, Stephens set a $23.00 target price on shares of Hormel Foods in a report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hormel Foods currently has a consensus rating of "Hold" and a consensus price target of $26.14.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Hormel Foods

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.

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