465,000 Shares in Hormel Foods Corporation $HRL Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group acquired 465,000 Hormel Foods shares worth approximately $11.5 million, giving it a 0.08% stake. Institutional investors collectively own 40.99% of HRL.
• Hormel reported quarterly EPS of $0.37, beating estimates of $0.35, while 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 remain cautious, with an overall “Hold” rating and a consensus price target of $26.14. HRL recently traded at $21.84, while a director sold 20,200 shares valued at about $495,000.

Alyeska Investment Group L.P. purchased a new stake in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 465,000 shares of the company's stock, valued at approximately $11,541,000. Alyeska Investment Group L.P. owned approximately 0.08% of Hormel Foods as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in shares of Hormel Foods during the 2nd quarter valued at about $26,000. Strive Financial Group LLC bought a new position in shares of Hormel Foods in the 4th quarter valued at about $27,000. Motiv8 Investments LLC purchased a new position in Hormel Foods in the fourth quarter worth about $28,000. Fiduciary Financial Advisors bought a new stake in Hormel Foods during the second quarter worth approximately $29,000. Finally, Parkside Financial Bank & Trust increased its stake in Hormel Foods by 354.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company's stock worth $31,000 after acquiring an additional 1,025 shares during the last quarter. Institutional investors own 40.99% of the company's stock.

Hormel Foods Price Performance

Shares of HRL stock opened at $21.84 on Tuesday. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $26.60. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.49 and a beta of 0.34. The stock has a fifty day simple moving average of $24.72 and a two-hundred day simple moving average of $23.35. The company has a current ratio of 1.88, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, analysts predict that Hormel Foods Corporation will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HRL has been the subject of a number of recent research reports. Weiss Ratings cut Hormel Foods from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a report on Thursday, May 21st. Bank of America raised their price target on Hormel Foods from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 30th. Stephens set a $23.00 price objective on shares of Hormel Foods in a research note on Friday. Finally, BNP Paribas Exane cut their target price on Hormel Foods from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.14.

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 32,002 shares of the company's stock, valued at approximately $784,369.02. This represents a 38.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company's stock.

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.

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