Sky Investment Group LLC Boosts Stake in Hormel Foods Corporation $HRL

Sky Investment Group LLC grew its position in shares of Hormel Foods Corporation (NYSE:HRL) by 120.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,490 shares of the company’s stock after buying an additional 43,460 shares during the quarter. Sky Investment Group LLC’s holdings in Hormel Foods were worth $1,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. MUFG Securities EMEA plc bought a new stake in Hormel Foods during the second quarter worth $26,000. Caldwell Trust Co bought a new position in Hormel Foods in the 2nd quarter valued at $30,000. Cromwell Holdings LLC increased its position in shares of Hormel Foods by 162.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,001 shares of the company’s stock valued at $30,000 after purchasing an additional 620 shares during the last quarter. Quarry LP bought a new stake in shares of Hormel Foods during the 1st quarter worth $41,000. Finally, Assetmark Inc. raised its stake in shares of Hormel Foods by 1,490.7% during the 2nd quarter. Assetmark Inc. now owns 1,543 shares of the company’s stock worth $47,000 after purchasing an additional 1,446 shares during the period. 40.99% of the stock is owned by institutional investors.

Hormel Foods Stock Performance

NYSE HRL opened at $23.65 on Friday. The firm has a market cap of $13.01 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 2.44 and a beta of 0.33. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $23.09 and its 200-day moving average is $26.31. Hormel Foods Corporation has a 12-month low of $21.03 and a 12-month high of $32.07.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the firm earned $0.42 EPS. Hormel Foods’s revenue for the quarter was up 1.5% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. Sell-side analysts predict that Hormel Foods Corporation will post 1.65 earnings per share for the current year.

Hormel Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, January 12th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s dividend payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $26.00 price target (up previously from $25.00) on shares of Hormel Foods in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $27.00 price target on shares of Hormel Foods and gave the stock a “buy” rating in a research note on Thursday, October 30th. Barclays set a $30.00 price target on shares of Hormel Foods and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Finally, Zacks Research lowered Hormel Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.29.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.