Federation des caisses Desjardins du Quebec Has $10.88 Million Stake in Hormel Foods Corporation $HRL

Key Points

• Federation des caisses Desjardins du Quebec has reduced its stake in Hormel Foods Corporation by 2.8%, selling 10,166 shares, now holding approximately 351,523 shares valued at about $10.88 million.
• The company's stock is currently down 1.5%, trading at $25.06, and has a one-year range between $23.71 and $33.80.
• Hormel Foods reported a Q4 earnings miss with an EPS of $0.35, below the expected $0.41, while revenue for the quarter was reported at $3.03 billion, surpassing expectations of $2.98 billion.

Federation des caisses Desjardins du Quebec decreased its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,523 shares of the company's stock after selling 10,166 shares during the quarter. Federation des caisses Desjardins du Quebec owned about 0.06% of Hormel Foods worth $10,876,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Hormel Foods during the 1st quarter worth approximately $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hormel Foods during the 1st quarter worth approximately $38,000. Quarry LP bought a new position in Hormel Foods during the 1st quarter worth approximately $41,000. Riverview Trust Co boosted its stake in Hormel Foods by 183.8% during the 1st quarter. Riverview Trust Co now owns 1,572 shares of the company's stock worth $49,000 after acquiring an additional 1,018 shares during the last quarter. Finally, YANKCOM Partnership boosted its stake in Hormel Foods by 18.5% during the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company's stock worth $95,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company's stock.

Hormel Foods Stock Up 1.6%

Shares of HRL stock traded up $0.41 during trading on Friday, reaching $25.65. The company's stock had a trading volume of 3,325,940 shares, compared to its average volume of 4,475,499. The business has a fifty day moving average price of $28.73 and a 200-day moving average price of $29.52. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 5.71 and a beta of 0.31. Hormel Foods Corporation has a one year low of $23.71 and a one year high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts anticipate that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BNP Paribas raised shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Barclays reissued an "overweight" rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Stephens reissued an "equal weight" rating and set a $31.00 price objective on shares of Hormel Foods in a research note on Thursday, May 22nd. The Goldman Sachs Group cut their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Finally, BNP Paribas Exane raised shares of Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price target on the stock in a research note on Tuesday, May 27th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.88.

About Hormel Foods

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.