Hormel Foods' (HRL) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Hormel Foods stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating continued caution from analysts about the company's performance.
• Despite Hormel Foods' mixed ratings from various analysts, the average recommendation remains a "Hold" with a consensus price target of $30.88.
• In its latest earnings report, Hormel Foods missed the consensus EPS estimate, reporting $0.35, which is below the expected $0.41, highlighting potential challenges the company might face ahead.

Hormel Foods (NYSE:HRL - Get Free Report)'s stock had its "sell (d+)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Barclays reissued an "overweight" rating and set a $34.00 price target (down previously from $36.00) on shares of Hormel Foods in a research report on Friday, August 29th. Bank of America dropped their price target on Hormel Foods from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, August 29th. The Goldman Sachs Group dropped their price target on Hormel Foods from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. dropped their price target on Hormel Foods from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Finally, Zacks Research downgraded Hormel Foods from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $30.88.

Hormel Foods Stock Down 0.4%

Hormel Foods stock opened at $23.90 on Wednesday. Hormel Foods has a twelve month low of $23.71 and a twelve month high of $33.80. The stock has a 50 day moving average of $26.36 and a two-hundred day moving average of $28.78. 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 stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 5.35 and a beta of 0.29.

Hormel Foods (NYSE:HRL - Get Free Report) last posted 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 business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. Hormel Foods had a net margin of 6.26% and a return on equity of 10.06%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. 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, research analysts expect that Hormel Foods will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Hormel Foods

Several institutional investors have recently made changes to their positions in HRL. MUFG Securities EMEA plc acquired a new position in shares of Hormel Foods during the second quarter worth approximately $26,000. Caldwell Trust Co acquired a new position in shares of Hormel Foods during the second quarter worth approximately $30,000. Cromwell Holdings LLC boosted its position in shares of Hormel Foods by 162.7% during the second quarter. Cromwell Holdings LLC now owns 1,001 shares of the company's stock worth $30,000 after buying an additional 620 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Hormel Foods during the first quarter worth approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Hormel Foods during the first quarter worth approximately $38,000. 40.99% of the stock is owned by institutional investors.

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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