Vident Advisory LLC Raises Stock Holdings in Hormel Foods Corporation $HRL

Key Points

• Vident Advisory LLC increased its holdings in Hormel Foods Corporation by 348.1% in the first quarter, acquiring an additional 25,015 shares.
• Hormel Foods reported $0.35 earnings per share for the last quarter, missing analysts' expectations of $0.41 but showing a 4.6% revenue increase year over year.
• The company has received various analyst ratings, with a consensus average rating of "Hold" and an average target price of $30.88.

Vident Advisory LLC boosted its holdings in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 348.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,202 shares of the company's stock after acquiring an additional 25,015 shares during the quarter. Vident Advisory LLC's holdings in Hormel Foods were worth $996,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Hormel Foods in the 1st quarter valued at about $37,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Hormel Foods in the first quarter valued at approximately $38,000. Riverview Trust Co raised its holdings in shares of Hormel Foods by 183.8% in the 1st quarter. Riverview Trust Co now owns 1,572 shares of the company's stock valued at $49,000 after acquiring an additional 1,018 shares in the last quarter. YANKCOM Partnership grew its holdings in shares of Hormel Foods by 18.5% during the first quarter. YANKCOM Partnership now owns 3,081 shares of the company's stock worth $95,000 after purchasing an additional 480 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Hormel Foods by 34.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,187 shares of the company's stock valued at $99,000 after purchasing an additional 816 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HRL has been the subject of a number of recent research reports. Bank of America lowered their target price on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, August 29th. Stephens reiterated an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a research note on Thursday, May 22nd. Zacks Research downgraded shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. BNP Paribas Exane raised Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 price objective for the company in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. dropped 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. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.88.

Hormel Foods Price Performance

Shares of NYSE:HRL traded up $0.41 during mid-day trading on Friday, reaching $25.65. The stock had a trading volume of 3,325,940 shares, compared to its average volume of 4,475,499. The company has a market cap of $14.10 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 5.71 and a beta of 0.31. Hormel Foods Corporation has a 1 year low of $23.71 and a 1 year high of $33.80. The company has a current ratio of 2.47, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The business's 50 day moving average price is $28.73 and its 200 day moving average price is $29.52.

Hormel Foods (NYSE:HRL - Get Free Report) last posted 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 analysts' expectations of $2.98 billion. During the same period last year, the company earned $0.37 earnings per share. The business's revenue for the quarter 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. Research analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

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.