Hormel Foods Corporation (NYSE:HRL) Receives $30.88 Consensus Target Price from Analysts

Key Points

• Hormel Foods Corporation has a consensus rating of "Hold" from nine brokerages, with one sell, four hold, and four buy ratings assigned.
• The average price target for Hormel Foods among analysts is $30.88, with recent adjustments including a downgrade from Bank of America to $28.00.
• Hormel Foods reported earnings of $0.35 EPS for the last quarter, missing the consensus estimate, but had a revenue of $3.03 billion, exceeding expectations.

Hormel Foods Corporation (NYSE:HRL - Get Free Report) has been given a consensus rating of "Hold" by the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.8750.

HRL has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, August 29th. 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. Bank of America reduced their price target on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, August 29th. Zacks Research lowered shares of Hormel Foods from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group lowered their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, August 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Hormel Foods by 2.2% during the second quarter. Vanguard Group Inc. now owns 36,865,901 shares of the company's stock valued at $1,115,194,000 after acquiring an additional 805,449 shares during the period. State Street Corp raised its position in shares of Hormel Foods by 1.3% during the second quarter. State Street Corp now owns 28,068,704 shares of the company's stock worth $849,078,000 after acquiring an additional 354,340 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hormel Foods by 2.2% during the second quarter. Geode Capital Management LLC now owns 7,886,107 shares of the company's stock worth $237,589,000 after acquiring an additional 166,152 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Hormel Foods by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 6,072,682 shares of the company's stock worth $190,500,000 after purchasing an additional 413,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hormel Foods by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,157,026 shares of the company's stock worth $128,594,000 after purchasing an additional 405,719 shares during the last quarter. 40.99% of the stock is owned by institutional investors.

Hormel Foods Stock Down 1.4%

Shares of HRL stock traded down $0.34 on Friday, reaching $24.74. 4,062,364 shares of the company's stock traded hands, compared to its average volume of 3,309,176. Hormel Foods has a 12-month low of $23.71 and a 12-month high of $33.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 2.47. The company has a market capitalization of $13.61 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 5.58 and a beta of 0.31. The business's 50 day moving average price is $28.19 and its two-hundred day moving average price is $29.39.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.26% and a return on equity of 10.06%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The business'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, equities analysts forecast that Hormel Foods will post 1.65 earnings per share for the current 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.