UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 52,736 Shares of Hormel Foods Corporation $HRL

Key Points

• UBS Asset Management increased its stake in Hormel Foods by 2.5%, owning a total of 2,123,392 shares valued at approximately $65.7 million.
• Several institutional investors, including Dimensional Fund Advisors and Pacer Advisors, made significant increases in their holdings of Hormel Foods during the first quarter.
• Hormel Foods reported Q3 earnings of $0.35 per share, missing analysts' estimates, while revenue of $3.03 billion exceeded expectations, indicating strong revenue growth despite the earnings miss.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,123,392 shares of the company's stock after purchasing an additional 52,736 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.39% of Hormel Foods worth $65,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Hormel Foods by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company's stock valued at $128,594,000 after purchasing an additional 405,719 shares during the period. Northern Trust Corp boosted its stake in Hormel Foods by 1.4% during the 1st quarter. Northern Trust Corp now owns 3,007,461 shares of the company's stock valued at $93,051,000 after purchasing an additional 41,236 shares during the period. Pacer Advisors Inc. boosted its stake in Hormel Foods by 9,725.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock valued at $72,270,000 after purchasing an additional 2,312,024 shares during the period. Two Sigma Advisers LP boosted its stake in Hormel Foods by 496.3% during the 4th quarter. Two Sigma Advisers LP now owns 2,185,600 shares of the company's stock valued at $68,562,000 after purchasing an additional 1,819,100 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of Hormel Foods by 466.5% during the 4th quarter. Two Sigma Investments LP now owns 2,053,160 shares of the company's stock worth $64,408,000 after buying an additional 1,690,746 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Bank of America dropped their price target on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. BNP Paribas upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. dropped their target price on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Finally, Stephens reiterated an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.88.

Hormel Foods Stock Performance

Shares of Hormel Foods stock traded down $0.11 on Friday, reaching $24.85. The stock had a trading volume of 8,504,950 shares, compared to its average volume of 4,494,248. The business's 50-day moving average price is $27.58 and its two-hundred day moving average price is $29.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. Hormel Foods Corporation has a fifty-two week low of $23.71 and a fifty-two week high of $33.80. The stock has a market cap of $13.67 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 5.56 and a beta of 0.31.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings data 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). Hormel Foods had a return on equity of 10.06% and a net margin of 6.26%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Hormel Foods's quarterly revenue was up 4.6% compared to the same quarter last year. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. On average, sell-side analysts forecast that Hormel Foods Corporation will post 1.65 EPS for the current 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.