Sound Income Strategies LLC Increases Stock Holdings in Hormel Foods Corporation $HRL

Key Points

• Sound Income Strategies LLC increased its stake in Hormel Foods by 38,341.8% in Q4, buying an additional 123,844 shares to own 124,167 shares valued at about $3.01 million.
• Hormel beat EPS estimates with $0.34 for the quarter but missed revenue expectations ($3.03B vs. $3.07B), and set FY2026 guidance of $1.430–$1.510 in EPS, below analysts' ~$1.65 forecast.
• The company declared a quarterly dividend of $0.2925 (annualized $1.17) for a 5.5% yield with an ex-dividend date of April 13, though the payout ratio is a high 131.46%.

Sound Income Strategies LLC increased its holdings in Hormel Foods Corporation (NYSE:HRL - Free Report) by 38,341.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,167 shares of the company's stock after purchasing an additional 123,844 shares during the period. Sound Income Strategies LLC's holdings in Hormel Foods were worth $3,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC grew its position in shares of Hormel Foods by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company's stock valued at $1,308,000 after purchasing an additional 437 shares during the period. Siemens Fonds Invest GmbH grew its position in shares of Hormel Foods by 3.8% in the third quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company's stock valued at $332,000 after purchasing an additional 486 shares during the period. Mystic Asset Management Inc. grew its position in shares of Hormel Foods by 6.4% in the third quarter. Mystic Asset Management Inc. now owns 8,300 shares of the company's stock valued at $205,000 after purchasing an additional 500 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Hormel Foods by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 90,362 shares of the company's stock valued at $2,236,000 after purchasing an additional 560 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Hormel Foods by 6.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 9,728 shares of the company's stock valued at $241,000 after purchasing an additional 567 shares during the period. Hedge funds and other institutional investors own 40.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HRL shares. Barclays set a $30.00 price target on Hormel Foods and gave the company an "overweight" rating in a research report on Tuesday, December 9th. Zacks Research raised Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Weiss Ratings reissued a "sell (d+)" rating on shares of Hormel Foods in a research report on Thursday, January 22nd. Stephens boosted their price target on Hormel Foods from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday, February 27th. Finally, Wall Street Zen raised Hormel Foods from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.71.

Hormel Foods Price Performance

HRL stock opened at $21.46 on Wednesday. The stock has a 50-day moving average price of $23.72 and a two-hundred day moving average price of $23.61. The company has a market cap of $11.81 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.66 and a beta of 0.36. Hormel Foods Corporation has a 12-month low of $21.03 and a 12-month high of $31.86. The company has a current ratio of 2.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.07 billion. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, research analysts predict that Hormel Foods Corporation will post 1.65 EPS for the current year.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 13th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, April 13th. Hormel Foods's payout ratio is currently 131.46%.

About Hormel Foods

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company's portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.

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