Martin Capital Partners LLC Acquires New Position in Hormel Foods Corporation $HRL

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 position in Hormel Foods Corporation (NYSE:HRL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,454 shares of the company's stock, valued at approximately $377,000.

Other institutional investors have also modified their holdings of the company. Focus Partners Wealth grew its stake in Hormel Foods by 132.4% in the fourth quarter. Focus Partners Wealth now owns 17,345 shares of the company's stock worth $545,000 after purchasing an additional 9,883 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Hormel Foods by 9.2% in the 4th quarter. Janus Henderson Group PLC now owns 47,190 shares of the company's stock worth $1,481,000 after buying an additional 3,966 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Hormel Foods by 8.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 7,492 shares of the company's stock worth $235,000 after purchasing an additional 595 shares in the last quarter. Nuveen Asset Management LLC increased its position in Hormel Foods by 13.8% during the 4th quarter. Nuveen Asset Management LLC now owns 788,071 shares of the company's stock valued at $24,722,000 after buying an additional 95,397 shares in the last quarter. Finally, Nomura Holdings Inc. raised its position in shares of Hormel Foods by 12.7% in the 4th quarter. Nomura Holdings Inc. now owns 45,818 shares of the company's stock valued at $1,437,000 after purchasing an additional 5,158 shares during the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods Price Performance

Hormel Foods stock opened at $25.08 on Monday. The company 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 capitalization of $13.79 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 5.58 and a beta of 0.31. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a 52-week low of $23.71 and a 52-week high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its quarterly 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. 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 analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. BNP Paribas Exane raised Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price target for the company in a research report on Tuesday, May 27th. The Goldman Sachs Group decreased their price objective on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. decreased their target price on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Bank of America cut their target price on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, August 29th. Finally, Zacks Research lowered shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average 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.

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