Landscape Capital Management L.L.C. Boosts Stock 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 stake in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 44.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,446 shares of the company's stock after purchasing an additional 48,376 shares during the period. Landscape Capital Management L.L.C.'s holdings in Hormel Foods were worth $4,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new stake in Hormel Foods during the first quarter valued at approximately $1,283,000. Principal Financial Group Inc. increased its holdings in Hormel Foods by 12.0% during the first quarter. Principal Financial Group Inc. now owns 452,925 shares of the company's stock valued at $14,014,000 after buying an additional 48,657 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Hormel Foods by 180.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company's stock valued at $2,737,000 after buying an additional 57,280 shares during the last quarter. Woodline Partners LP bought a new position in shares of Hormel Foods in the fourth quarter worth approximately $548,000. Finally, Victory Capital Management Inc. boosted its position in shares of Hormel Foods by 22.2% in the first quarter. Victory Capital Management Inc. now owns 1,150,394 shares of the company's stock worth $35,593,000 after purchasing an additional 208,883 shares during the period. 40.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on HRL shares. Stephens reiterated an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Thursday, May 22nd. The Goldman Sachs Group dropped their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" 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. BNP Paribas Exane upgraded shares of Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price target for the company in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Hormel Foods Price Performance

Shares of NYSE:HRL traded down $0.34 during midday trading on Tuesday, reaching $25.10. 2,316,951 shares of the company were exchanged, compared to its average volume of 3,258,736. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The business's fifty day moving average is $29.12 and its two-hundred day moving average is $29.62. Hormel Foods Corporation has a one year low of $23.71 and a one year high of $33.80. The stock has a market cap of $13.81 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 5.67 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The business 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%. Hormel Foods's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. 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 predict that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

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.