Jacobs Levy Equity Management Inc. Buys New Shares in Hormel Foods Corporation $HRL

Key Points

• Jacobs Levy Equity Management Inc. invested approximately $2.55 million in Hormel Foods, acquiring 82,307 shares during the first quarter.
• Several institutional investors, including ProShare Advisors LLC and Pacer Advisors Inc., have significantly increased their stakes in Hormel Foods, indicating strong interest among institutional holders.
• Hormel Foods reported earnings of $0.35 per share for the last quarter, missing expectations, while their revenue increased by 4.6% year-over-year to $3.03 billion.

Jacobs Levy Equity Management Inc. purchased a new position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 82,307 shares of the company's stock, valued at approximately $2,547,000.

Other hedge funds also recently bought and sold shares of the company. J.W. Cole Advisors Inc. purchased a new position in Hormel Foods during the first quarter worth approximately $1,283,000. Principal Financial Group Inc. boosted its position in Hormel Foods by 12.0% during the first 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Hormel Foods by 180.4% during the first 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 in the last quarter. Woodline Partners LP purchased a new position in Hormel Foods during the fourth quarter worth approximately $548,000. Finally, Victory Capital Management Inc. lifted its position in shares of Hormel Foods by 22.2% in the first quarter. Victory Capital Management Inc. now owns 1,150,394 shares of the company's stock valued at $35,593,000 after acquiring an additional 208,883 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company's stock.

Analyst Upgrades and Downgrades

HRL has been the topic of several research reports. BNP Paribas upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Stephens restated an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a research report on Thursday, May 22nd. Bank of America decreased their target price on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. Finally, Barclays restated an "overweight" rating and issued a $34.00 target price (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hormel Foods presently has a consensus rating of "Hold" and a consensus price target of $30.88.

Hormel Foods Trading Down 0.1%

Shares of HRL traded down $0.03 during midday trading on Monday, hitting $25.05. 504,060 shares of the stock were exchanged, compared to its average volume of 3,288,065. Hormel Foods Corporation has a 52-week low of $23.71 and a 52-week high of $33.80. The stock has a fifty day simple moving average of $28.19 and a 200 day simple moving average of $29.39. The firm has a market cap of $13.78 billion, a P/E ratio of 18.31, a P/E/G ratio of 5.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47.

Hormel Foods (NYSE:HRL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, research analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current fiscal 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.