Hormel Foods (NYSE:HRL) Sets New 12-Month Low - What's Next?

Key Points

• Hormel Foods shares hit a new 52-week low of $19.69, well below their 50-day and 200-day moving averages of $23.35 and $22.93, respectively.
• Analyst sentiment remains cautious, with an overall “Hold” rating and a consensus price target of $26.14; ratings include two Buys, six Holds, and one Sell.
• Recent quarterly results were mixed: EPS of $0.37 exceeded expectations, but revenue of $2.96 billion fell short of estimates and declined 2.4% year over year. Hormel maintained fiscal 2026 EPS guidance of $1.45–$1.51.

Hormel Foods Corporation (NYSE:HRL - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $19.69 and last traded at $19.7280, with a volume of 2040400 shares changing hands. The stock had previously closed at $19.92.

Analyst Ratings Changes

Several research firms have commented on HRL. Stephens set a $23.00 price target on Hormel Foods in a report on Friday, August 28th. Bank of America raised their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 30th. BNP Paribas Exane cut their price target on shares of Hormel Foods from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, August 28th. Weiss Ratings cut shares of Hormel Foods from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on Hormel Foods from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.14.

Hormel Foods Price Performance

The stock has a market cap of $10.88 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.39 and a beta of 0.33. The company has a quick ratio of 0.92, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company's fifty day moving average is $23.35 and its 200 day moving average is $22.93.

Hormel Foods (NYSE:HRL - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. As a group, sell-side analysts anticipate that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Insider Activity at Hormel Foods

In other news, Director Gary C. Bhojwani sold 20,200 shares of the company's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the completion of the sale, the director owned 32,002 shares of the company's stock, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hormel Foods

A number of institutional investors and hedge funds have recently bought and sold shares of HRL. Raiffeisen Bank International AG lifted its position in shares of Hormel Foods by 90.7% during the second quarter. Raiffeisen Bank International AG now owns 986 shares of the company's stock worth $26,000 after purchasing an additional 469 shares in the last quarter. Fiduciary Financial Advisors acquired a new stake in Hormel Foods during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in Hormel Foods by 57.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,455 shares of the company's stock worth $33,000 after buying an additional 531 shares during the period. Root Financial Partners LLC lifted its holdings in Hormel Foods by 149.2% in the 1st quarter. Root Financial Partners LLC now owns 1,495 shares of the company's stock worth $34,000 after buying an additional 895 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Hormel Foods during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 40.99% of the company's stock.

About Hormel Foods

Hormel Foods Corporation NYSE: HRL is a global food company that develops, produces and markets branded meat, prepared foods and other grocery products. Its portfolio includes SPAM luncheon meat, Hormel pepperoni, Hormel Compleats meals, Jennie-O turkey products, Applegate natural and organic foods, Columbus deli meats and Planters snack products.

The company sells products through retail grocery channels, foodservice operations and international markets. Its offerings are used by consumers, restaurants, schools, hospitals and other institutional customers, with products distributed across the United States and in selected markets worldwide.

Founded in 1891 by George A.

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