Mairs & Power Inc. Reduces Stake in Hormel Foods Corporation $HRL

Mairs & Power Inc. reduced its holdings in Hormel Foods Corporation (NYSE:HRL) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,185,642 shares of the company’s stock after selling 34,761 shares during the quarter. Mairs & Power Inc.’s holdings in Hormel Foods were worth $103,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MUFG Securities EMEA plc purchased a new position in shares of Hormel Foods during the 2nd quarter worth approximately $26,000. Caldwell Trust Co bought a new position in Hormel Foods in the second quarter worth $30,000. Federated Hermes Inc. purchased a new position in Hormel Foods during the third quarter valued at $31,000. Brown Brothers Harriman & Co. lifted its position in Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock valued at $37,000 after buying an additional 1,266 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Hormel Foods by 77.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,854 shares of the company’s stock worth $56,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 40.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HRL shares. Barclays set a $30.00 price target on shares of Hormel Foods and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hormel Foods in a research note on Thursday, January 22nd. Stephens lifted their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Wall Street Zen raised Hormel Foods from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of Hormel Foods in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average target price of $27.71.

Hormel Foods Stock Up 0.2%

Shares of Hormel Foods stock opened at $22.68 on Tuesday. The company has a 50-day simple moving average of $24.20 and a two-hundred day simple moving average of $23.92. The stock has a market capitalization of $12.48 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.72 and a beta of 0.32. Hormel Foods Corporation has a 52-week low of $21.03 and a 52-week high of $32.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

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.