Hsbc Holdings PLC Makes New Investment in Hormel Foods Corporation $HRL

Hsbc Holdings PLC purchased a new stake in Hormel Foods Corporation (NYSE:HRL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 448,498 shares of the company's stock, valued at approximately $11,185,000. Hsbc Holdings PLC owned about 0.08% of Hormel Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in Hormel Foods during the second quarter worth about $26,000. Strive Financial Group LLC bought a new stake in Hormel Foods in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new stake in Hormel Foods in the fourth quarter valued at approximately $28,000. Fiduciary Financial Advisors acquired a new stake in shares of Hormel Foods in the second quarter valued at approximately $29,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Hormel Foods by 354.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company's stock valued at $31,000 after buying an additional 1,025 shares during the last quarter. Institutional investors own 40.99% of the company's stock.

Insider Buying and Selling at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the business's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the sale, the director owned 32,002 shares of the company's stock, valued at approximately $784,369.02. The trade was a 38.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.58% of the company's stock.

Hormel Foods Price Performance

Hormel Foods stock opened at $21.53 on Friday. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.45 and a beta of 0.34. The company has a current ratio of 1.88, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. Hormel Foods Corporation has a 12 month low of $19.70 and a 12 month high of $26.60. The stock's 50 day moving average is $24.76 and its 200-day moving average is $23.38.

Hormel Foods (NYSE:HRL - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities research analysts expect that Hormel Foods Corporation will post 1.5 EPS for the current year.

Hormel Foods News Summary

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel reported adjusted third-quarter EPS of $0.37, ahead of analyst estimates of approximately $0.35–$0.36 and up from $0.35 a year earlier. Margin expansion and cost management helped offset weaker volumes. Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss
• Positive Sentiment: Management raised and narrowed its fiscal 2026 adjusted EPS outlook to $1.45–$1.51, compared with prior guidance of $1.40–$1.50. Operating cash flow also increased 54% to $240.6 million. Hormel Foods Reports Third Quarter Fiscal 2026 Results
• Neutral Sentiment: BNP Paribas Exane lowered its HRL price target from $27 to $26 and assigned a neutral rating. The revised target still implies meaningful potential upside from recent levels, but the rating signals limited confidence in near-term growth. BNP Paribas Exane Hormel Foods Price Target Update
• Neutral Sentiment: Some analysts view Hormel’s elevated dividend yield—reported at roughly 5.5% after the sell-off—and valuation as attractive for long-term income investors, though earnings-based valuation remains a concern. Hormel Foods: A Protein Powerhouse With a Secure Yield
• Negative Sentiment: Third-quarter revenue fell 2.4% year over year to $2.96 billion, missing the roughly $3.03 billion consensus estimate. Retail sales declined 4%, international sales dropped 5%, and management cited pressured consumers, lower commodity prices and weak private-label snack-nut demand. Hormel Foods Cuts Annual Sales Forecast
• Negative Sentiment: Hormel reduced fiscal 2026 revenue guidance to $12.1–$12.2 billion from $12.2–$12.5 billion, reinforcing concerns that sluggish demand and falling sales will limit growth despite improved margins and EPS. Why Hormel Foods Stock Swooned

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a report on Thursday, May 21st. Bank of America lifted their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Hormel Foods from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. BNP Paribas Exane dropped their price objective on shares of Hormel Foods from $27.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Stephens set a $23.00 target price on shares of Hormel Foods in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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