64,764 Shares in Hormel Foods Corporation $HRL Bought by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has acquired 64,764 shares of Hormel Foods Corporation, valued at approximately $2,004,000, as part of their investment strategy.
• Analysts have issued mixed ratings on Hormel Foods, with a consensus rating of "Moderate Buy" and an average price target of $33.00 for the stock.
• The company reported $2.90 billion in revenue for the last quarter, slightly below estimates, and has set FY 2025 EPS guidance between 1.580-1.680.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,764 shares of the company's stock, valued at approximately $2,004,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Exeter Financial LLC grew its position in Hormel Foods by 2.3% during the first quarter. Exeter Financial LLC now owns 16,809 shares of the company's stock valued at $520,000 after acquiring an additional 381 shares during the period. Simmons Bank boosted its position in shares of Hormel Foods by 3.7% in the first quarter. Simmons Bank now owns 12,708 shares of the company's stock worth $393,000 after buying an additional 448 shares during the period. Sovereign Financial Group Inc. boosted its position in shares of Hormel Foods by 2.7% in the first quarter. Sovereign Financial Group Inc. now owns 17,718 shares of the company's stock worth $548,000 after buying an additional 458 shares during the period. G&S Capital LLC boosted its position in shares of Hormel Foods by 3.1% in the first quarter. G&S Capital LLC now owns 15,516 shares of the company's stock worth $480,000 after buying an additional 463 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Hormel Foods by 17.1% in the first quarter. Blue Trust Inc. now owns 3,220 shares of the company's stock worth $100,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 40.99% of the company's stock.

Wall Street Analyst Weigh In

HRL has been the subject of several analyst reports. BNP Paribas Exane raised Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 target price for the company in a research report on Tuesday, May 27th. Bank of America decreased their target price on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday. Stephens reissued an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Friday. Finally, The Goldman Sachs Group reduced their price target on Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hormel Foods has an average rating of "Moderate Buy" and an average target price of $30.88.

Hormel Foods Stock Up 0.9%

NYSE HRL traded up $0.23 on Friday, hitting $25.45. 7,782,946 shares of the stock traded hands, compared to its average volume of 4,030,083. The stock has a 50-day moving average of $29.23 and a 200 day moving average of $29.63. Hormel Foods Corporation has a twelve month low of $23.71 and a twelve month high of $33.80. The company has a market capitalization of $13.99 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.31. The company has a current ratio of 2.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 earnings per share (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 firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. 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 expect that Hormel Foods Corporation will post 1.65 earnings per share for the current fiscal 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.