Fiduciary Alliance LLC Raises Stake in Hormel Foods Corporation $HRL

Key Points

• Fiduciary Alliance LLC increased its stake in Hormel Foods by 179.8% in Q4, now owning 118,325 shares valued at about $2.80 million after purchasing an additional 76,032 shares.
• Hormel declared a quarterly dividend of $0.2925 (annualized $1.17) yielding about 5.6% with an ex-dividend date of April 13 and a payout ratio of 131.46%, indicating a high dividend relative to earnings.
• Analysts hold a consensus rating of “Hold” with an average price target of $27; the company reported Q EPS of $0.34 (beating $0.32) and set FY2026 guidance of $1.43–$1.51 per share.

Fiduciary Alliance LLC raised its stake in Hormel Foods Corporation (NYSE:HRL - Free Report) by 179.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,325 shares of the company's stock after buying an additional 76,032 shares during the quarter. Fiduciary Alliance LLC's holdings in Hormel Foods were worth $2,804,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HRL. Caxton Associates LLP purchased a new position in shares of Hormel Foods during the 1st quarter worth $310,000. Empowered Funds LLC grew its holdings in shares of Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company's stock worth $1,779,000 after purchasing an additional 993 shares during the period. Woodline Partners LP grew its holdings in shares of Hormel Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,583 shares of the company's stock worth $761,000 after purchasing an additional 7,129 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Hormel Foods by 214.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company's stock worth $143,000 after purchasing an additional 3,226 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Hormel Foods by 76.5% during the 2nd quarter. Cerity Partners LLC now owns 103,616 shares of the company's stock worth $3,134,000 after purchasing an additional 44,906 shares during the period. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HRL shares. Stephens increased their price target on Hormel Foods from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Wall Street Zen upgraded Hormel Foods from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $23.00 price target (down from $28.00) on shares of Hormel Foods in a report on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Hormel Foods in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.00.

Hormel Foods Stock Performance

Shares of Hormel Foods stock opened at $20.87 on Friday. The business has a 50-day moving average of $23.52 and a 200 day moving average of $23.55. Hormel Foods Corporation has a 12 month low of $20.62 and a 12 month high of $31.86. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period last year, the business posted $0.35 EPS. Hormel Foods's revenue for the quarter was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, sell-side analysts forecast that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 13th will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, April 13th. Hormel Foods's dividend payout ratio (DPR) is 131.46%.

Hormel Foods Company Profile

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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