82,307 Shares in Hormel Foods Corporation $HRL Acquired by Jacobs Levy Equity Management Inc.

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) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 82,307 shares of the company's stock, valued at approximately $2,547,000.

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

Hormel Foods Stock Down 1.3%

Shares of HRL stock traded down $0.34 during midday trading on Friday, reaching $25.08. 2,391,525 shares of the stock were exchanged, compared to its average volume of 4,675,733. Hormel Foods Corporation has a 1 year low of $23.71 and a 1 year high of $33.80. The company's 50 day moving average is $28.19 and its two-hundred day moving average is $29.39. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a market cap of $13.79 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 5.66 and a beta of 0.31.

Hormel Foods (NYSE:HRL - Get Free Report) last posted 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). 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 last year, the company posted $0.37 EPS. The firm's 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, equities research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HRL shares. Zacks Research lowered Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. BNP Paribas Exane upgraded Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price target on the stock in a report on Tuesday, May 27th. The Goldman Sachs Group reduced their price target on Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, August 29th. BNP Paribas upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, Bank of America reduced their price target on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, August 29th. Four 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's stock. According to MarketBeat, Hormel Foods currently has a consensus rating of "Hold" and a consensus price target of $30.88.

Hormel Foods Company 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.