Jupiter Topco LLC Invests $3.09 Million in Hormel Foods Corporation $HRL

Key Points

• Jupiter Topco LLC acquired 124,531 Hormel Foods shares during the second quarter, valued at approximately $3.09 million. Institutional investors collectively own 40.99% of HRL.
• Hormel’s latest quarterly earnings beat expectations, with EPS of $0.37 versus the $0.35 consensus, but revenue fell 2.4% year over year to $2.96 billion. The company maintained fiscal 2026 EPS guidance of $1.45–$1.51.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and a $26.14 target price. HRL recently traded at $22.06, while a company director sold $495,102 worth of shares.

Jupiter Topco LLC acquired a new stake in Hormel Foods Corporation (NYSE:HRL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 124,531 shares of the company's stock, valued at approximately $3,090,000.

Several other institutional investors have also recently added to or reduced their stakes in HRL. SlateStone Wealth LLC increased its stake in Hormel Foods by 2.3% in the second quarter. SlateStone Wealth LLC now owns 17,890 shares of the company's stock valued at $444,000 after purchasing an additional 400 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Hormel Foods by 1.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 39,005 shares of the company's stock worth $968,000 after acquiring an additional 427 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Hormel Foods by 5.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,967 shares of the company's stock valued at $213,000 after acquiring an additional 431 shares during the last quarter. Advisory Alpha LLC boosted its stake in Hormel Foods by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 15,477 shares of the company's stock valued at $367,000 after acquiring an additional 440 shares in the last quarter. Finally, Vermillion Wealth Management Inc. grew its holdings in shares of Hormel Foods by 1.7% during the fourth quarter. Vermillion Wealth Management Inc. now owns 25,944 shares of the company's stock worth $615,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 40.99% of the company's stock.

Hormel Foods Price Performance

HRL stock opened at $22.06 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88. Hormel Foods Corporation has a 1 year low of $19.70 and a 1 year high of $26.60. The stock's 50 day moving average price is $24.59 and its 200 day moving average price is $23.33. The firm has a market cap of $12.14 billion, a P/E ratio of 35.02, a PEG ratio of 2.58 and a beta of 0.33.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The company's revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, sell-side analysts expect that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary C. Bhojwani sold 20,200 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the transaction, the director directly owned 32,002 shares in the company, valued at approximately $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HRL shares. Weiss Ratings cut Hormel Foods from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 28th. The Goldman Sachs Group set a $25.00 target price on shares of Hormel Foods in a research report on Thursday, May 21st. BNP Paribas Exane reduced their price target on shares of Hormel Foods from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, August 28th. JPMorgan Chase & Co. raised their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, August 14th. Finally, Bank of America increased their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hormel Foods has an average rating of "Hold" and a consensus target price of $26.14.

About Hormel Foods

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.

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