Trexquant Investment LP Sells 216,592 Shares of Hormel Foods Corporation $HRL

Key Points

• Trexquant Investment LP reduced its position in Hormel Foods Corporation by 63.6%, selling over 216,000 shares and now holding approximately 124,000 shares worth $3.84 million.
• A variety of institutional investors have adjusted their holdings in Hormel Foods, with ProShare Advisors increasing its stake by 7.3% and Pacer Advisors boosting its stake by an astonishing 9,725.4%.
• Hormel Foods reported earnings of $0.35 per share for the latest quarter, falling short of analyst expectations of $0.41, despite a revenue increase of 4.6% year-over-year.

Trexquant Investment LP lessened its holdings in Hormel Foods Corporation (NYSE:HRL - Free Report) by 63.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,983 shares of the company's stock after selling 216,592 shares during the quarter. Trexquant Investment LP's holdings in Hormel Foods were worth $3,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new position in Hormel Foods in the 1st quarter worth $1,283,000. Principal Financial Group Inc. raised its position in Hormel Foods by 12.0% in the 1st quarter. Principal Financial Group Inc. now owns 452,925 shares of the company's stock worth $14,014,000 after purchasing an additional 48,657 shares during the period. Allspring Global Investments Holdings LLC raised its position in Hormel Foods by 180.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company's stock worth $2,737,000 after purchasing an additional 57,280 shares during the period. Woodline Partners LP purchased a new position in Hormel Foods in the 4th quarter worth $548,000. Finally, Victory Capital Management Inc. raised its position in Hormel Foods by 22.2% in the 1st 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. Hedge funds and other institutional investors own 40.99% of the company's stock.

Hormel Foods Trading Down 0.4%

Shares of HRL traded down $0.11 during trading hours on Thursday, reaching $25.25. 3,889,414 shares of the company traded hands, compared to its average volume of 3,305,292. The company's fifty day moving average price is $28.92 and its two-hundred day moving average price is $29.55. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 5.67 and a beta of 0.31. The company has a quick ratio of 1.17, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a 12 month low of $23.71 and a 12 month high of $33.80.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HRL shares. JPMorgan Chase & Co. decreased their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Stephens restated an "equal weight" rating and issued a $31.00 price objective on shares of Hormel Foods in a research report on Thursday, May 22nd. Bank of America decreased their price objective on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. The Goldman Sachs Group decreased their price objective on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, BNP Paribas upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hormel Foods has an average rating of "Hold" and an average 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.