Hormel Foods (NYSE:HRL) Releases FY 2025 Earnings Guidance

Hormel Foods (NYSE:HRL - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.580-1.680 for the period, compared to the consensus EPS estimate of 1.600. The company issued revenue guidance of $12.0 billion-$12.2 billion, compared to the consensus revenue estimate of $12.1 billion.

Hormel Foods Stock Performance

Shares of HRL stock traded up $0.27 during trading hours on Friday, reaching $30.65. 4,464,430 shares of the company traded hands, compared to its average volume of 2,651,403. Hormel Foods has a 12-month low of $27.59 and a 12-month high of $33.80. The firm has a 50-day moving average price of $29.97 and a 200 day moving average price of $30.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. The company has a market cap of $16.85 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.73 and a beta of 0.34.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. The business's revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.38 EPS. As a group, sell-side analysts predict that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Hormel Foods Dividend Announcement

The company 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 $0.29 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.78%. Hormel Foods's dividend payout ratio is presently 84.67%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America raised Hormel Foods from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $29.00 to $35.00 in a report on Tuesday, April 15th. BNP Paribas upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Tuesday. Stephens reissued an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a research note on Thursday, May 22nd. Finally, BNP Paribas Exane raised shares of Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 target price on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $32.00.

Insider Activity

In related news, Director Elsa A. Murano sold 4,500 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 95,488 shares in the company, valued at approximately $2,902,835.20. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Hormel Foods

Several hedge funds have recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new position in shares of Hormel Foods in the 1st quarter worth about $310,000. Empowered Funds LLC grew its stake 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 valued at $1,779,000 after acquiring an additional 993 shares during the period. Finally, Woodline Partners LP boosted its holdings in Hormel Foods by 40.8% in 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 during the period. Institutional investors own 40.99% of the company's stock.

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.