12,454 Shares in Hormel Foods Corporation $HRL Acquired by Martin Capital Partners LLC

Key Points

• Martin Capital Partners LLC has acquired 12,454 shares of Hormel Foods Corporation, valued at approximately $377,000, marking a new position for the institutional investor.
• The company reported $0.35 earnings per share for the last quarter, missing analysts' expectations of $0.41, although its revenue reached $3.03 billion.
• Analysts have mixed opinions on Hormel Foods, with price targets ranging from $28.00 to $30.00, reflecting a consensus rating of "Hold" for the stock.

Martin Capital Partners LLC bought a new stake in Hormel Foods Corporation (NYSE:HRL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 12,454 shares of the company's stock, valued at approximately $377,000.

Several other institutional investors also recently bought and sold shares of the company. Exeter Financial LLC lifted its holdings in Hormel Foods by 2.3% during the 1st quarter. Exeter Financial LLC now owns 16,809 shares of the company's stock worth $520,000 after buying an additional 381 shares in the last quarter. Simmons Bank lifted its holdings in Hormel Foods by 3.7% during the 1st quarter. Simmons Bank now owns 12,708 shares of the company's stock worth $393,000 after buying an additional 448 shares in the last quarter. Sovereign Financial Group Inc. grew its holdings in Hormel Foods by 2.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 17,718 shares of the company's stock worth $548,000 after acquiring an additional 458 shares in the last quarter. G&S Capital LLC grew its holdings in Hormel Foods by 3.1% during the 1st quarter. G&S Capital LLC now owns 15,516 shares of the company's stock worth $480,000 after acquiring an additional 463 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Hormel Foods by 17.1% during the 1st quarter. Blue Trust Inc. now owns 3,220 shares of the company's stock worth $100,000 after acquiring an additional 471 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Price Performance

Shares of HRL traded up $0.07 during trading hours on Friday, reaching $25.03. The company had a trading volume of 1,450,676 shares, compared to its average volume of 3,308,057. The firm has a 50 day simple moving average of $27.70 and a 200-day simple moving average of $29.28. 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 company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 5.54 and a beta of 0.31. Hormel Foods Corporation has a 12-month low of $23.71 and a 12-month high of $33.80.

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 the consensus estimate of $0.41 by ($0.06). The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. 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 expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

HRL has been the subject of several analyst reports. Zacks Research cut shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. Barclays reiterated an "overweight" rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a 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 report on Thursday, May 22nd. BNP Paribas upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group lowered their target price on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hormel Foods presently has an average rating of "Hold" and an average target price of $30.88.

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.