Aberdeen Group plc Increases Stock Position in Hormel Foods Corporation $HRL

Key Points

• Aberdeen Group plc increased its holdings in Hormel Foods Corporation by 7.3% during the second quarter, owning approximately 296,505 shares worth $8.9 million by quarter's end.
• Hormel Foods reported a Q3 EPS of $0.35, missing estimates, while revenue rose to $3.03 billion, exceeding predictions by 4.6% year-over-year.
• The company announced a quarterly dividend of $0.29 per share, representing an annualized yield of 4.9% with the next payment due on November 17th.

Aberdeen Group plc lifted its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,505 shares of the company's stock after buying an additional 20,129 shares during the quarter. Aberdeen Group plc owned about 0.05% of Hormel Foods worth $8,895,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 405,719 shares in the last quarter. Northern Trust Corp lifted its stake 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 purchasing an additional 41,236 shares in the last quarter. Pacer Advisors Inc. lifted its stake 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 purchasing an additional 2,312,024 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hormel Foods by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company's stock worth $65,698,000 after purchasing an additional 52,736 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Hormel Foods by 485.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company's stock worth $60,755,000 after purchasing an additional 1,628,382 shares in the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Price Performance

HRL stock opened at $23.65 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. Hormel Foods Corporation has a 52 week low of $23.13 and a 52 week high of $33.80. The firm's fifty day moving average is $25.91 and its 200 day moving average is $28.58. The firm has a market cap of $13.00 billion, a P/E ratio of 17.26, a P/E/G ratio of 5.33 and a beta of 0.29.

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

Hormel Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Tuesday, October 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.9%. Hormel Foods's dividend payout ratio (DPR) is currently 84.67%.

Wall Street Analyst Weigh In

HRL has been the topic of several recent analyst reports. Barclays reiterated an "overweight" rating and issued a $34.00 target price (down from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. The Goldman Sachs Group decreased their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Weiss Ratings reissued a "sell (d+)" rating on shares of Hormel Foods in a report on Wednesday, October 8th. Zacks Research lowered shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. Finally, Bank of America decreased their price target on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Hormel Foods currently has an average rating of "Hold" and an average target price of $30.88.

About Hormel Foods

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.

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