UBS Group AG Has $72.09 Million Holdings in Hormel Foods Corporation $HRL

Key Points

• UBS Group AG cut its stake in Hormel Foods by 18.3% in Q4, selling 682,970 shares and ending the period with 3,041,753 shares valued at $72.09 million (about 0.55% of the company).
• Analysts carry an average "Hold" rating on HRL with a consensus target of $27.00 (two Buy, six Hold, one Sell), and JPMorgan recently lowered its price target to $23.00.
• Hormel announced a quarterly dividend of $0.2925 (annualized $1.17) for a 5.5% yield, but the dividend payout ratio is a high 131.46%, signaling potential sustainability concerns.

UBS Group AG lowered its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,041,753 shares of the company's stock after selling 682,970 shares during the period. UBS Group AG owned approximately 0.55% of Hormel Foods worth $72,090,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. MUFG Securities EMEA plc bought a new stake in Hormel Foods in the second quarter valued at $26,000. GoalVest Advisory LLC acquired a new stake in shares of Hormel Foods in the 4th quarter valued at about $25,000. Federated Hermes Inc. acquired a new stake in shares of Hormel Foods in the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. increased its position in Hormel Foods by 514.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company's stock valued at $37,000 after buying an additional 1,266 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Hormel Foods during the 3rd quarter worth approximately $64,000. 40.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Hormel Foods in a report on Tuesday, April 21st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $23.00 price target (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Hormel Foods from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Finally, Stephens upped their price objective on shares of Hormel Foods from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.00.

Hormel Foods Price Performance

Hormel Foods stock opened at $21.32 on Monday. Hormel Foods Corporation has a 52 week low of $20.32 and a 52 week high of $31.86. The company's 50 day moving average price is $22.64 and its two-hundred day moving average price is $23.23. The stock has a market cap of $11.73 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.59 and a beta of 0.33. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36.

Hormel Foods (NYSE:HRL - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm earned $0.35 EPS. The company's revenue was up 1.3% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities analysts predict that Hormel Foods Corporation will post 1.42 earnings per share for the current year.

Hormel Foods Announces Dividend

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

Hormel Foods Company Profile

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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