Landscape Capital Management L.L.C. Raises Holdings in Hormel Foods Corporation $HRL

Key Points

• Landscape Capital Management L.L.C. increased its stake in Hormel Foods by 44.8%, owning 156,446 shares valued at approximately $4.84 million.
• A number of institutional investors, including Exeter Financial LLC and Simmons Bank, have also raised their stakes in Hormel Foods, contributing to institutional ownership of 40.99%.
• Following various analyst upgrades, Hormel Foods has a consensus rating of "Moderate Buy" with an average price target of $33.00.

Landscape Capital Management L.L.C. increased its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 44.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,446 shares of the company's stock after acquiring an additional 48,376 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Hormel Foods were worth $4,840,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of Hormel Foods by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 6,072,682 shares of the company's stock valued at $190,500,000 after purchasing an additional 413,669 shares in the last quarter. Millennium Management LLC grew its holdings in Hormel Foods by 6.2% in the 4th quarter. Millennium Management LLC now owns 4,488,678 shares of the company's stock valued at $140,810,000 after buying an additional 261,742 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hormel Foods by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company's stock worth $128,594,000 after acquiring an additional 405,719 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hormel Foods by 1.4% in the 1st quarter. Northern Trust Corp now owns 3,007,461 shares of the company's stock worth $93,051,000 after acquiring an additional 41,236 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Hormel Foods by 9,725.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock worth $72,270,000 after acquiring an additional 2,312,024 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company's stock.

Hormel Foods Trading Up 0.9%

NYSE:HRL traded up $0.23 during trading hours on Friday, reaching $25.45. 7,782,946 shares of the stock were exchanged, compared to its average volume of 4,030,083. The company has a quick ratio of 1.17, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $29.23 and a two-hundred 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 price-to-earnings ratio of 18.57, a PEG ratio of 3.23 and a beta of 0.31.

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 analysts' consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company earned $0.37 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. 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 predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

HRL has been the subject of several recent analyst reports. Bank of America cut 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. BNP Paribas upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Stephens reiterated an "equal weight" rating and issued a $31.00 price objective on shares of Hormel Foods in a research report on Thursday, May 22nd. 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 note on Tuesday, May 27th. Finally, The Goldman Sachs Group reduced their target price on Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Hormel Foods presently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

Hormel Foods 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.