Analysts Set Hormel Foods Corporation (NYSE:HRL) PT at $30.88

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 earned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.8750.

HRL has been the subject of several research analyst reports. Stephens restated an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Thursday, May 22nd. BNP Paribas upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group reduced their price target on shares of Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Barclays restated an "overweight" rating and issued a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Finally, Bank of America cut their target price on shares of Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, August 29th.

Hormel Foods Trading Down 0.5%

Shares of NYSE:HRL traded down $0.13 during mid-day trading on Friday, hitting $24.89. The stock had a trading volume of 4,216,540 shares, compared to its average volume of 4,450,323. 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 cap of $13.69 billion, a PE ratio of 18.17, a P/E/G ratio of 5.57 and a beta of 0.31. Hormel Foods has a 12-month low of $23.71 and a 12-month high of $33.80. The company's 50 day moving average is $27.83 and its 200-day moving average is $29.31.

Hormel Foods (NYSE:HRL - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last 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. On average, sell-side analysts predict that Hormel Foods will post 1.65 EPS for the current year.

Institutional Investors Weigh In On Hormel Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. purchased a new stake in Hormel Foods in the 1st quarter worth approximately $1,283,000. Principal Financial Group Inc. lifted its position in Hormel Foods by 12.0% in the 1st quarter. Principal Financial Group Inc. now owns 452,925 shares of the company's stock worth $14,014,000 after buying an additional 48,657 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Hormel Foods by 180.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 89,025 shares of the company's stock worth $2,737,000 after buying an additional 57,280 shares in the last quarter. Woodline Partners LP purchased a new stake in Hormel Foods in the 4th quarter worth approximately $548,000. Finally, Victory Capital Management Inc. lifted its position in Hormel Foods by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,150,394 shares of the company's stock worth $35,593,000 after buying an additional 208,883 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company's stock.

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.