Cwm LLC Increases Stake in Hormel Foods Corporation $HRL

Key Points

• Cwm LLC increased its stake in Hormel Foods Corporation by 5.3%, acquiring an additional 29,124 shares in the second quarter and now owning about 0.11% of the company valued at approximately $17.5 million.
• Several research analysts have adjusted their price targets for Hormel Foods, with Goldman Sachs lowering its target from $35.00 to $31.00, while Barclays and JPMorgan also adjusted their targets downward.
• Hormel Foods announced a quarterly dividend of $0.29 per share, reflecting a 4.9% dividend yield, with the payment scheduled for November 17th to shareholders of record as of October 14th.

Cwm LLC grew its position in Hormel Foods Corporation (NYSE:HRL - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,073 shares of the company's stock after acquiring an additional 29,124 shares during the quarter. Cwm LLC owned about 0.11% of Hormel Foods worth $17,547,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. bought a new position in shares of Hormel Foods in the first quarter worth about $1,283,000. Shell Asset Management Co. grew its holdings in shares of Hormel Foods by 94.7% in the second quarter. Shell Asset Management Co. now owns 47,390 shares of the company's stock worth $1,434,000 after purchasing an additional 23,046 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hormel Foods by 12.0% in the first quarter. Principal Financial Group Inc. now owns 452,925 shares of the company's stock worth $14,014,000 after purchasing an additional 48,657 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hormel Foods by 180.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company's stock worth $2,737,000 after purchasing an additional 57,280 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hormel Foods by 2.5% in the first 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 during the last quarter. 40.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HRL shares. The Goldman Sachs Group cut 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. Barclays restated an "overweight" rating and issued a $34.00 price target (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. JPMorgan Chase & Co. dropped their target price on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Hormel Foods in a report on Wednesday, October 8th. Finally, Bank of America dropped their target price 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 investment 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.88.

Hormel Foods Stock Performance

HRL stock opened at $23.54 on Tuesday. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 5.29 and a beta of 0.29. The firm has a 50-day simple moving average of $26.09 and a two-hundred day simple moving average of $28.65. Hormel Foods Corporation has a one year low of $23.34 and a one year high of $33.80. 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 (NYSE:HRL - Get Free Report) last released 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 firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company 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 fiscal year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods's dividend payout ratio is presently 84.67%.

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.

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