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

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Hormel Foods by 10.8% in 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 lifted its position in shares of 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 buying an additional 41,236 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 buying an additional 2,312,024 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of 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 buying an additional 1,819,100 shares during the last quarter. Finally, Two Sigma Investments LP lifted 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 valued at $64,408,000 after buying an additional 1,690,746 shares during the last quarter. Institutional investors own 40.99% of the company's stock.

Wall Street Analyst Weigh In

HRL has been the topic of a number of recent research reports. Barclays reaffirmed an "overweight" rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. JPMorgan Chase & Co. decreased their price target on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. BNP Paribas Exane upgraded Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price target on the stock in a research report on Tuesday, May 27th. The Goldman Sachs Group decreased their price target on Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Stephens reiterated an "equal weight" rating and set a $31.00 price target on shares of Hormel Foods in a research report on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.88.

Hormel Foods Price Performance

Shares of Hormel Foods stock opened at $25.08 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.12. The business's 50 day simple moving average is $28.19 and its two-hundred day simple moving average is $29.39. The stock has a market capitalization of $13.79 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 5.58 and a beta of 0.31. Hormel Foods Corporation has a one year low of $23.71 and a one year high of $33.80.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.37 earnings per share. Hormel Foods has set its Q4 2025 guidance at 0.380-0.400 EPS. FY 2025 guidance at 1.430-1.450 EPS. 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.

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