MBB Public Markets I LLC Makes New $332,000 Investment in Hormel Foods Corporation $HRL

Key Points

• MBB Public Markets I LLC acquired 10,723 shares of Hormel Foods, valued at approximately $332,000, in the first quarter, marking a significant investment in the company.
• Hormel Foods experienced a downgrade to a "strong sell" rating by Zacks Research, while several analysts are adjusting their price targets, with Goldman Sachs lowering it to $31.00.
• The company's latest quarterly report showed an EPS of $0.35, which missed analyst expectations, though revenue increased by 4.6% year-over-year to $3.03 billion.

MBB Public Markets I LLC purchased a new position in Hormel Foods Corporation (NYSE:HRL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,723 shares of the company's stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HRL. Pacer Advisors Inc. raised its position in Hormel Foods by 9,725.4% in the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock worth $72,270,000 after acquiring an additional 2,312,024 shares in the last quarter. Two Sigma Advisers LP raised its position in Hormel Foods by 496.3% in the fourth quarter. Two Sigma Advisers LP now owns 2,185,600 shares of the company's stock worth $68,562,000 after acquiring an additional 1,819,100 shares in the last quarter. Two Sigma Investments LP raised its position in Hormel Foods by 466.5% in the fourth quarter. Two Sigma Investments LP now owns 2,053,160 shares of the company's stock worth $64,408,000 after acquiring an additional 1,690,746 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Hormel Foods by 485.7% in the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company's stock worth $60,755,000 after acquiring an additional 1,628,382 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Hormel Foods during the 1st quarter worth about $23,427,000. 40.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HRL shares. Barclays restated an "overweight" rating and set a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods 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. Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. BNP Paribas Exane upgraded Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price objective on the stock in a report on Tuesday, May 27th. Finally, Stephens restated an "equal weight" rating and set a $31.00 price objective on shares of Hormel Foods in a report on Thursday, May 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.88.

Hormel Foods Stock Down 1.3%

Shares of HRL traded down $0.34 during trading hours on Friday, reaching $25.08. The company's stock had a trading volume of 2,391,525 shares, compared to its average volume of 4,675,733. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 5.66 and a beta of 0.31. Hormel Foods Corporation has a 1-year low of $23.71 and a 1-year high of $33.80. The company has a quick ratio of 1.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $28.19 and a two-hundred day moving average of $29.38.

Hormel Foods (NYSE:HRL - Get Free Report) last issued 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). The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. Hormel Foods's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. As a group, research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

About Hormel Foods

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.