Kingsview Wealth Management LLC Invests $4.37 Million in Hormel Foods Corporation $HRL

Key Points

• Kingsview Wealth Management purchased 176,122 Hormel Foods shares worth approximately $4.37 million, while institutional investors collectively own 40.99% of the company.
• Hormel’s latest quarterly results beat EPS expectations at $0.37 versus $0.35, but revenue fell 2.4% year over year to $2.96 billion and missed estimates. The company’s fiscal 2026 EPS guidance is $1.45–$1.51, while revenue guidance was reduced amid weak consumer demand.
• Analysts remain cautious, with a consensus “Hold” rating and average price target of $26.14; the stock recently traded near $21.53, well below its 52-week high of $26.60.

Kingsview Wealth Management LLC purchased a new stake in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 176,122 shares of the company's stock, valued at approximately $4,371,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. MUFG Securities EMEA plc acquired a new position in Hormel Foods during the second quarter worth $26,000. Strive Financial Group LLC acquired a new stake in shares of Hormel Foods in the fourth quarter worth about $27,000. Motiv8 Investments LLC acquired a new stake in shares of Hormel Foods in the fourth quarter worth about $28,000. Fiduciary Financial Advisors bought a new stake in shares of Hormel Foods during the 2nd quarter worth about $29,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company's stock worth $31,000 after acquiring an additional 1,025 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Hormel Foods from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, August 14th. Stephens set a $23.00 target price on Hormel Foods in a research report on Friday. Weiss Ratings upgraded Hormel Foods from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a report on Thursday, May 21st. Finally, BNP Paribas Exane dropped their price target 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. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.14.

Hormel Foods Trading Up 1.2%

Hormel Foods stock opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.88. The business's 50-day simple moving average is $24.76 and its 200-day simple moving average is $23.38. The firm has a market capitalization of $11.85 billion, a PE ratio of 34.18, a PEG ratio of 2.45 and a beta of 0.34. Hormel Foods Corporation has a 52 week low of $19.70 and a 52 week high of $26.60.

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, topping the consensus estimate of $0.35 by $0.02. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm's revenue was down 2.4% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities research analysts forecast that Hormel Foods Corporation will post 1.5 earnings per share for the current year.

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction that occurred 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 sale, the director directly owned 32,002 shares of the company's stock, valued at approximately $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by company insiders.

More Hormel Foods News

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

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.

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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