Swedbank AB Has $8.73 Million Stock Holdings in Hormel Foods Corporation $HRL

Swedbank AB decreased its position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,642 shares of the company's stock after selling 76,442 shares during the quarter. Swedbank AB owned approximately 0.05% of Hormel Foods worth $8,731,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Hormel Foods by 2.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,879 shares of the company's stock valued at $1,206,000 after purchasing an additional 870 shares during the period. Czech National Bank lifted its stake in shares of Hormel Foods by 6.6% in the 2nd quarter. Czech National Bank now owns 71,241 shares of the company's stock valued at $2,155,000 after purchasing an additional 4,409 shares during the period. Martin Capital Partners LLC acquired a new position in shares of Hormel Foods in the 2nd quarter valued at $377,000. Voya Investment Management LLC lifted its stake in shares of Hormel Foods by 0.6% in the 1st quarter. Voya Investment Management LLC now owns 87,438 shares of the company's stock valued at $2,705,000 after purchasing an additional 484 shares during the period. Finally, Advisory Alpha LLC raised its stake in Hormel Foods by 20.0% during the 1st quarter. Advisory Alpha LLC now owns 16,138 shares of the company's stock worth $499,000 after buying an additional 2,685 shares during the period. Institutional investors and hedge funds own 40.99% of the company's stock.

Hormel Foods Price Performance

HRL stock opened at $24.85 on Monday. The stock has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $29.25. The stock has a market cap of $13.67 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 5.53 and a beta of 0.31. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Hormel Foods Corporation has a 1 year low of $23.71 and a 1 year high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.Hormel Foods's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last 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. Equities analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Bank of America reduced their target price on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock 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 target price on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their target price on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Finally, Barclays reiterated an "overweight" rating and set a $34.00 target price (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Hormel Foods presently has an average rating of "Hold" and an average price target of $30.88.

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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