Perbak Capital Partners LLP Takes $330,000 Position in Hormel Foods Corporation $HRL

Key Points

• Perbak Capital Partners LLP purchased 10,654 shares of Hormel Foods Corporation, valued at approximately $330,000, according to a recent SEC filing.
• Hormel's latest quarterly earnings report showed an earnings per share (EPS) of $0.35, missing estimates of $0.41, while revenue increased by 4.6% year-over-year.
• Analysts have mixed opinions on Hormel Foods, with price targets ranging from $28.00 to $34.00 and an average rating of "Moderate Buy" based on eight analysts' assessments.

Perbak Capital Partners LLP purchased a new position in Hormel Foods Corporation (NYSE:HRL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,654 shares of the company's stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC increased its holdings in Hormel Foods by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 6,072,682 shares of the company's stock worth $190,500,000 after buying an additional 413,669 shares during the period. Millennium Management LLC increased its holdings in Hormel Foods by 6.2% in the 4th quarter. Millennium Management LLC now owns 4,488,678 shares of the company's stock worth $140,810,000 after buying an additional 261,742 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hormel Foods by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company's stock worth $128,594,000 after buying an additional 405,719 shares during the period. Northern Trust Corp increased its holdings in Hormel Foods by 1.4% in the 1st quarter. Northern Trust Corp now owns 3,007,461 shares of the company's stock worth $93,051,000 after buying an additional 41,236 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Hormel Foods by 9,725.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock worth $72,270,000 after buying an additional 2,312,024 shares during the period. Institutional investors and hedge funds own 40.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HRL shares. Barclays reissued an "overweight" rating and issued a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. BNP Paribas Exane upgraded Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 target price on the stock in a research note on Tuesday, May 27th. BNP Paribas upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Finally, Stephens restated an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a research note on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Hormel Foods presently has an average rating of "Hold" and an average price target of $30.88.

Hormel Foods Price Performance

HRL stock traded up $0.41 during mid-day trading on Friday, reaching $25.65. 3,325,940 shares of the company's stock were exchanged, compared to its average volume of 4,548,672. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 5.71 and a beta of 0.31. The stock's 50 day moving average is $28.73 and its 200 day moving average is $29.53. 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 Corporation has a 12-month low of $23.71 and a 12-month high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, research analysts expect that Hormel Foods Corporation will post 1.65 EPS 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.