Hormel Foods Corporation $HRL Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management boosted its stake in Hormel by 297.6% in Q3, buying 3,142,670 shares to hold 4,198,564 shares (about a 0.76% stake) valued at roughly $103.8 million.
• In the latest quarter Hormel reported EPS of $0.34, beating consensus by $0.02 while revenue of $3.03 billion slightly missed estimates; the company set FY2026 guidance of $1.430–1.510 EPS and analysts’ consensus rating is a "Hold" with an average price target of $27.71.
• HRL trades near $24.44 with a market cap of $13.45 billion, a P/E of 27.46 and a 12‑month range of $21.03–$32.07, and institutional investors own about 40.99% of the stock.

Victory Capital Management Inc. boosted its position in Hormel Foods Corporation (NYSE:HRL - Free Report) by 297.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,198,564 shares of the company's stock after acquiring an additional 3,142,670 shares during the quarter. Victory Capital Management Inc. owned 0.76% of Hormel Foods worth $103,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of Hormel Foods in the 2nd quarter valued at approximately $26,000. Caldwell Trust Co acquired a new position in shares of Hormel Foods during the second quarter worth $30,000. Federated Hermes Inc. purchased a new position in Hormel Foods in the third quarter valued at $31,000. Assetmark Inc. raised its stake in Hormel Foods by 1,490.7% in the second quarter. Assetmark Inc. now owns 1,543 shares of the company's stock valued at $47,000 after buying an additional 1,446 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Hormel Foods by 77.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company's stock valued at $56,000 after buying an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company's stock.

Hormel Foods Stock Down 0.7%

HRL stock opened at $24.44 on Thursday. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.96 and a beta of 0.32. The company has a fifty day moving average price of $24.27 and a 200 day moving average price of $24.23. 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 Corporation has a 12 month low of $21.03 and a 12 month high of $32.07.

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 (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm 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. Sell-side analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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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