Caisse DE Depot ET Placement DU Quebec Sells 78,000 Shares of Hormel Foods Corporation $HRL

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Hormel Foods Corporation by 36.6%, selling 78,000 shares and now holding a total of 135,340 shares worth approximately $4.19 million.
• Despite the decrease in holdings by some institutional investors, 40.99% of Hormel Foods' stock is still owned by hedge funds and institutional investors, indicating ongoing interest in the company.
• Analysts have mixed opinions on Hormel Foods, with a consensus rating of "Moderate Buy" and an average target price of $33.00, while the stock recently reported earnings that missed consensus estimates.

Caisse DE Depot ET Placement DU Quebec cut its position in Hormel Foods Corporation (NYSE:HRL - Free Report) by 36.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,340 shares of the company's stock after selling 78,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Hormel Foods were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HRL. Pacer Advisors Inc. raised its holdings in Hormel Foods by 9,725.4% in the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock valued at $72,270,000 after acquiring an additional 2,312,024 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Hormel Foods by 496.3% during the fourth quarter. Two Sigma Advisers LP now owns 2,185,600 shares of the company's stock worth $68,562,000 after purchasing an additional 1,819,100 shares during the last quarter. Two Sigma Investments LP grew its stake in Hormel Foods by 466.5% in the fourth quarter. Two Sigma Investments LP now owns 2,053,160 shares of the company's stock worth $64,408,000 after purchasing an additional 1,690,746 shares in the last quarter. Nuveen LLC bought a new stake in Hormel Foods in the first quarter valued at about $23,427,000. Finally, Man Group plc raised its stake in Hormel Foods by 186.0% during the fourth quarter. Man Group plc now owns 1,041,356 shares of the company's stock valued at $32,667,000 after buying an additional 677,194 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HRL. JPMorgan Chase & Co. decreased their target price on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday. The Goldman Sachs Group lowered their target price 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. Stephens restated an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Thursday, May 22nd. Bank of America lowered their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Barclays reiterated an "overweight" rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Hormel Foods presently has a consensus rating of "Moderate Buy" and an average target price of $30.88.

Hormel Foods Stock Performance

Hormel Foods stock traded up $0.23 during mid-day trading on Friday, hitting $25.45. 7,782,946 shares of the company's stock traded hands, compared to its average volume of 4,233,831. The firm has a 50 day moving average price of $29.23 and a 200 day moving average price of $29.63. The company has a market cap of $13.99 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 5.67 and a beta of 0.31. Hormel Foods Corporation has a one year low of $23.71 and a one year high of $33.80. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly 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). The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.Hormel Foods's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. 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, equities analysts forecast 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.