Hormel Foods Corporation $HRL Stake Cut by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has reduced its stake in Hormel Foods Corporation by 19.2%, selling 10,425 shares and now holding 43,789 shares valued at approximately $1,355,000.
• Analyst ratings for Hormel Foods show a consensus of Hold with a target price averaging at $30.88, while recent earnings missed expectations at $0.35 EPS against a consensus of $0.41.
• The company reported a 4.6% increase in quarterly revenue compared to the previous year, reaching $3.03 billion, with guidance for FY 2025 set at $1.430-1.450 EPS.

IFM Investors Pty Ltd cut its stake in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 19.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,789 shares of the company's stock after selling 10,425 shares during the quarter. IFM Investors Pty Ltd's holdings in Hormel Foods were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HRL. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Hormel Foods during the 1st quarter worth $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Hormel Foods during the 1st quarter worth $38,000. Quarry LP acquired a new position in shares of Hormel Foods during the 1st quarter worth $41,000. Riverview Trust Co grew its stake in shares of 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 purchasing an additional 1,018 shares during the period. Finally, YANKCOM Partnership grew its stake in Hormel Foods by 18.5% in the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company's stock valued at $95,000 after acquiring an additional 480 shares during the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BNP Paribas Exane raised shares of Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price objective on the stock in a research note on Tuesday, May 27th. Bank of America cut their price objective on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, August 29th. Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. The Goldman Sachs Group cut their price objective on Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Finally, Stephens restated an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a report on Thursday, May 22nd. Four equities 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $30.88.

Hormel Foods Stock Up 0.4%

Shares of HRL stock traded up $0.10 during mid-day trading on Thursday, reaching $24.99. 1,051,896 shares of the company were exchanged, compared to its average volume of 3,302,708. Hormel Foods Corporation has a fifty-two week low of $23.71 and a fifty-two week high of $33.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The company has a market capitalization of $13.74 billion, a P/E ratio of 18.24, a P/E/G ratio of 5.57 and a beta of 0.31. The business's 50 day simple moving average is $27.83 and its 200 day simple moving average is $29.31.

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 for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $0.37 EPS. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. Research 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.