Hormel Foods (NYSE:HRL) Given New $25.00 Price Target at Bank of America

Hormel Foods (NYSE:HRL) had its price target increased by analysts at Bank of America from $23.00 to $25.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 5.11% from the stock’s current price.

Several other analysts have also weighed in on HRL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a research note on Thursday, May 21st. Stephens boosted their price target on shares of Hormel Foods from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 price target (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Hormel Foods Trading Up 0.8%

Shares of NYSE:HRL traded up $0.20 during mid-day trading on Friday, hitting $23.79. The company had a trading volume of 3,432,318 shares, compared to its average volume of 4,876,032. The firm has a fifty day moving average price of $21.40 and a 200 day moving average price of $22.97. The company has a market capitalization of $13.09 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37. Hormel Foods has a one year low of $19.70 and a one year high of $31.86.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.96 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. Hormel Foods’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, research analysts forecast that Hormel Foods will post 1.41 EPS for the current year.

Hedge Funds Weigh In On Hormel Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new position in shares of Hormel Foods in the 4th quarter worth about $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hormel Foods in the 2nd quarter worth about $26,000. Strive Financial Group LLC purchased a new position in shares of Hormel Foods in the 4th quarter worth about $27,000. Motiv8 Investments LLC purchased a new position in shares of Hormel Foods in the 4th quarter worth about $28,000. Finally, Federated Hermes Inc. purchased a new position in shares of Hormel Foods in the 3rd quarter worth about $31,000. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods News Summary

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat Q2 estimates with adjusted EPS of $0.40 versus $0.35 expected, while revenue of $2.97 billion also edged above forecasts. Hormel Foods tops quarterly estimates on strong demand for protein-rich foods
• Positive Sentiment: Management said organic sales grew and all three major segments — Retail, Foodservice, and International — posted profit growth, supporting the view that its protein-focused strategy is gaining traction. Hormel tops FQ2 estimates as protein strategy delivers results
• Positive Sentiment: Hormel reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51 and net sales guidance of $12.2 billion to $12.5 billion, signaling confidence in the recovery despite portfolio changes. HORMEL FOODS REPORTS STRONG SECOND QUARTER FISCAL 2026 RESULTS
• Neutral Sentiment: Stephens raised its price target on HRL to $25 from $22, but kept an “equal weight” rating, suggesting modest upside rather than a strong bullish call. Benzinga article on Stephens price target update
• Negative Sentiment: Despite the beat, Hormel also flagged lower GAAP profit guidance tied to the sale of its whole-bird turkey business, which may limit near-term enthusiasm. Hormel Reports Lower Profit

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.