Vest Financial LLC Reduces Position in Hormel Foods Corporation $HRL

Key Points

• Vest Financial LLC reduced its stake in Hormel Foods Corporation by 2.3%, now owning approximately 1.73 million shares worth $52.4 million.
• Analysts have recently lowered price targets for Hormel Foods, with Barclays setting a target of $34.00 and JP Morgan reducing it to $30.00, while the company maintains a consensus rating of "Hold".
• Hormel Foods declared a quarterly dividend of $0.29 per share, representing an annualized yield of 4.9%, with the ex-dividend date set for October 14th.

Vest Financial LLC trimmed its stake in Hormel Foods Corporation (NYSE:HRL - Free Report) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,733,636 shares of the company's stock after selling 41,580 shares during the period. Vest Financial LLC owned approximately 0.32% of Hormel Foods worth $52,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Hormel Foods by 10.8% in the first 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 raised its position in Hormel Foods by 1.4% during the first quarter. Northern Trust Corp now owns 3,007,461 shares of the company's stock worth $93,051,000 after acquiring an additional 41,236 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Hormel Foods by 9,725.4% during the first quarter. Pacer Advisors Inc. now owns 2,335,797 shares of the company's stock worth $72,270,000 after buying an additional 2,312,024 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hormel Foods by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,123,392 shares of the company's stock worth $65,698,000 after buying an additional 52,736 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Hormel Foods by 485.7% during the first quarter. Alyeska Investment Group L.P. now owns 1,963,632 shares of the company's stock worth $60,755,000 after buying an additional 1,628,382 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays reiterated an "overweight" rating and set a $34.00 price target (down from $36.00) on shares of Hormel Foods in a report on Friday, August 29th. JPMorgan Chase & Co. reduced their price target on shares of Hormel Foods from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. The Goldman Sachs Group reduced 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. Weiss Ratings reissued a "sell (d+)" rating on shares of Hormel Foods in a research report on Wednesday, October 8th. Finally, Bank of America reduced their target price 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. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $30.88.

Hormel Foods Stock Down 0.1%

Hormel Foods stock opened at $23.74 on Monday. The company has a 50-day simple moving average of $26.18 and a 200-day simple moving average of $28.69. The firm has a market capitalization of $13.06 billion, a P/E ratio of 17.33, a P/E/G ratio of 5.29 and a beta of 0.29. 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 one year low of $23.68 and a one year high of $33.80.

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

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Tuesday, October 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, October 14th. Hormel Foods's dividend payout ratio is currently 84.67%.

Hormel Foods Company 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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