Hormel Foods (HRL) News Today

Hormel Foods Corporation (NYSE: HRL) saw its shares rebound after midday as investors digested a mix of strong sales growth, upcoming investor presentations, and analyst updates. While Q3 revenue exceeded expectations, earnings misses, lowered guidance, and rising commodity costs continue to weigh on sentiment.

• Positive Sentiment: Company delivered strong top-line Q3 revenue growth of 4.6% year-over-year, reporting $3.03 billion in sales which beat consensus estimates. HORMEL FOODS REPORTS THIRD QUARTER FISCAL 2025 RESULTS
• Neutral Sentiment: Interim CEO Jeff Ettinger and other executives to present at Barclays’ 18th Annual Global Consumer Staples Conference in September. Conference Participation Announcement
• Neutral Sentiment: JPMorgan cut its price target from $34 to $30 but maintained an “overweight” rating (~18% upside). JPMorgan Chase Price Target Update
• Neutral Sentiment: Goldman Sachs trimmed its target from $35 to $31 while retaining a “buy” rating (~22% upside). Goldman Sachs Price Target Update
• Neutral Sentiment: Bank of America lowered its target from $35 to $28 and kept a “neutral” rating (~10% upside). Bank of America Price Target Update
• Negative Sentiment: Q3 EPS of $0.35 missed consensus by $0.06, triggering a nearly 14% intraday stock drop. 3Q Earnings Slide Article
• Negative Sentiment: FY 2025 EPS guidance cut to 1.430–1.450 (vs. 1.600 consensus) and Q4 to 0.380–0.400 (vs. 0.480). Guidance Update Release
• Negative Sentiment: Soaring beef, pork and nut costs continue to pressure margins, with management warning profit recovery will lag. Commodity Costs Article
• Negative Sentiment: Shares hit a 52-week low of $24.78 amid mixed outlook and ongoing cost pressures. 52-week Low Report
• Negative Sentiment: Analysts at Bank of America Securities reiterated a Hold rating, citing execution risks and commodity headwinds. Analyst Hold Rating