Amundi Has $34.23 Million Position in Hormel Foods Corporation $HRL

Amundi reduced its holdings in Hormel Foods Corporation (NYSE:HRL - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,088,720 shares of the company's stock after selling 317,807 shares during the quarter. Amundi owned about 0.20% of Hormel Foods worth $34,229,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRL. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Hormel Foods in the first quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Hormel Foods in the first quarter valued at about $38,000. Quarry LP bought a new stake in shares of Hormel Foods in the first quarter valued at about $41,000. Riverview Trust Co lifted its stake in shares of Hormel Foods by 183.8% in the first quarter. Riverview Trust Co now owns 1,572 shares of the company's stock valued at $49,000 after buying an additional 1,018 shares during the period. Finally, YANKCOM Partnership lifted its stake in shares of Hormel Foods by 18.5% in the first quarter. YANKCOM Partnership now owns 3,081 shares of the company's stock valued at $95,000 after buying an additional 480 shares during the period. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Price Performance

Shares of NYSE HRL traded down $0.32 during mid-day trading on Friday, hitting $25.11. 605,752 shares of the stock were exchanged, compared to its average volume of 3,294,156. The company has a market cap of $13.81 billion, a P/E ratio of 18.32, a PEG ratio of 5.56 and a beta of 0.31. The stock's fifty day simple moving average is $28.31 and its two-hundred day simple moving average is $29.41. 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 twelve month low of $23.71 and a twelve month high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HRL shares. Barclays restated an "overweight" rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Stephens restated an "equal weight" rating and set a $31.00 price target on shares of Hormel Foods in a research note on Thursday, May 22nd. Zacks Research cut shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. cut their price target on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Finally, The Goldman Sachs Group cut their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hormel Foods presently has an average rating of "Hold" and a consensus 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.