Dimensional Fund Advisors LP Acquires 590,084 Shares of Hormel Foods Corporation $HRL

Key Points

• Dimensional Fund Advisors LP boosted its stake in Hormel Foods by 12.9% in Q3, acquiring 590,084 shares to hold 5,156,596 shares (about 0.94% of the company) valued at roughly $127.6 million.
• Hormel beat EPS estimates (quarterly EPS $0.34 vs. $0.32 expected) but missed revenue ($3.03B vs. $3.07B expected), issued FY2026 guidance of 1.430–1.510 EPSHold rating with an average target of $27.71 and expected FY EPS around $1.65.
• The stock trades near recent lows with a market cap of about $12.7B, P/E ~25.9 and a 52-week range of $21.03–$32.07, and institutional investors own approximately 40.99% of shares.

Dimensional Fund Advisors LP boosted its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,156,596 shares of the company's stock after acquiring an additional 590,084 shares during the period. Dimensional Fund Advisors LP owned 0.94% of Hormel Foods worth $127,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HRL. MUFG Securities EMEA plc bought a new position in shares of Hormel Foods during the second quarter valued at approximately $26,000. Caldwell Trust Co bought a new stake in shares of Hormel Foods in the 2nd quarter worth approximately $30,000. Federated Hermes Inc. purchased a new stake in shares of Hormel Foods in the 3rd quarter worth approximately $31,000. Steward Partners Investment Advisory LLC grew its stake in shares of Hormel Foods by 77.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company's stock worth $56,000 after buying an additional 809 shares during the last quarter. Finally, Rexford Capital Inc. bought a new position in Hormel Foods during the 2nd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 40.99% of the company's stock.

Hormel Foods Trading Down 1.3%

Shares of NYSE:HRL opened at $23.03 on Thursday. The stock's 50-day simple moving average is $24.24 and its two-hundred day simple moving average is $24.06. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.81 and a beta of 0.32. Hormel Foods Corporation has a 52-week low of $21.03 and a 52-week high of $32.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.07 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on HRL. Zacks Research raised Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. Wall Street Zen upgraded Hormel Foods from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Piper Sandler reaffirmed a "neutral" rating and issued a $26.00 price target (up from $25.00) on shares of Hormel Foods in a research report on Friday, December 5th. Weiss Ratings reissued a "sell (d+)" rating on shares of Hormel Foods in a research report on Thursday, January 22nd. Finally, Bank of America raised their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $27.71.

About Hormel Foods

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company's portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.

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