Sequoia Financial Advisors LLC Invests $333,000 in Hormel Foods Corporation $HRL

Sequoia Financial Advisors LLC acquired a new position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,021 shares of the company's stock, valued at approximately $333,000.

Several other large investors have also modified their holdings of the stock. J.W. Cole Advisors Inc. purchased a new position in Hormel Foods in the first quarter valued at approximately $1,283,000. Shell Asset Management Co. raised its holdings in Hormel Foods by 94.7% in the second quarter. Shell Asset Management Co. now owns 47,390 shares of the company's stock valued at $1,434,000 after buying an additional 23,046 shares during the period. Principal Financial Group Inc. raised its holdings in Hormel Foods by 12.0% in the first quarter. Principal Financial Group Inc. now owns 452,925 shares of the company's stock valued at $14,014,000 after buying an additional 48,657 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Hormel Foods by 180.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company's stock valued at $2,737,000 after buying an additional 57,280 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Hormel Foods by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company's stock valued at $65,698,000 after buying an additional 52,736 shares during the period. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Stock Performance

Hormel Foods stock opened at $24.09 on Wednesday. The company has a market cap of $13.25 billion, a PE ratio of 17.58, a P/E/G ratio of 5.34 and a beta of 0.29. The company has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $28.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. Hormel Foods Corporation has a 12 month low of $23.13 and a 12 month high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.35 EPS 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 return on equity of 10.06% and a net margin of 6.26%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Research analysts expect that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Tuesday, October 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, October 14th. Hormel Foods's dividend payout ratio (DPR) is presently 84.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on HRL. The Goldman Sachs Group lowered 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. Barclays reaffirmed an "overweight" rating and issued a $34.00 price objective (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Hormel Foods in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Finally, Zacks Research downgraded shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Hormel Foods presently has a consensus rating of "Hold" and a consensus target price of $31.29.

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.

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