Hormel Foods (HRL) Expected to Announce Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, May 29th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $2.92 billion for the quarter.

Hormel Foods Stock Up 0.1%

Shares of NYSE:HRL traded up $0.02 during trading on Friday, hitting $29.47. 2,770,828 shares of the company's stock traded hands, compared to its average volume of 2,646,123. Hormel Foods has a 52 week low of $27.59 and a 52 week high of $35.25. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.73 and a beta of 0.34. The company has a 50-day moving average price of $29.91 and a 200-day moving average price of $30.27.

Hormel Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, July 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, July 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.94%. Hormel Foods's payout ratio is 84.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HRL. Stephens reissued an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a research report on Thursday. Bank of America raised shares of Hormel Foods from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $29.00 to $35.00 in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $32.33.

Insider Activity at Hormel Foods

In other Hormel Foods news, Director Elsa A. Murano sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.40, for a total transaction of $136,800.00. Following the transaction, the director now owns 95,488 shares of the company's stock, valued at $2,902,835.20. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Hormel Foods

Several institutional investors and hedge funds have recently modified their holdings of HRL. Caxton Associates LLP acquired a new position in shares of Hormel Foods in the first quarter valued at approximately $310,000. Woodline Partners LP raised its holdings in shares of Hormel Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,583 shares of the company's stock worth $761,000 after buying an additional 7,129 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company's stock worth $1,779,000 after buying an additional 993 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

About Hormel Foods

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.