Praxis Investment Management Inc. Has $237,000 Stake in Hormel Foods Corporation $HRL

Key Points

• Praxis Investment Management Inc. reduced its stake in Hormel Foods Corporation by 77.7% in the second quarter, holding 7,840 shares valued at $237,000 after selling off 27,280 shares.
• Multiple investment analysts have recently downgraded Hormel Foods' stock, with Weiss Ratings giving a "sell (d+)" rating and Zacks Research downgrading it to "strong sell."
• The company announced a quarterly dividend of $0.29 per share, representing an annualized dividend of $1.16 and a yield of 4.8%, payable on November 17th.

Praxis Investment Management Inc. reduced its stake in Hormel Foods Corporation (NYSE:HRL - Free Report) by 77.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,840 shares of the company's stock after selling 27,280 shares during the quarter. Praxis Investment Management Inc.'s holdings in Hormel Foods were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HRL. Cromwell Holdings LLC raised its position in Hormel Foods by 162.7% in the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company's stock valued at $30,000 after buying an additional 620 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Hormel Foods in the 1st quarter valued at $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hormel Foods in the 1st quarter valued at $38,000. Quarry LP purchased a new stake in Hormel Foods in the 1st quarter valued at $41,000. Finally, YANKCOM Partnership raised its position in Hormel Foods by 18.5% in the 1st quarter. YANKCOM Partnership now owns 3,081 shares of the company's stock valued at $95,000 after buying an additional 480 shares during the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Hormel Foods in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Barclays restated an "overweight" rating and issued a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research note on Friday, August 29th. Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group reduced their price objective on Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $30.88.

Hormel Foods Stock Up 1.3%

HRL stock opened at $24.05 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 5.36 and a beta of 0.29. Hormel Foods Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $33.80. The stock has a fifty day moving average of $25.72 and a 200-day moving average of $28.45.

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

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, October 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.8%. Hormel Foods's dividend payout ratio is presently 84.67%.

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.

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