Eurizon Capital SGR S.p.A. Purchases Shares of 25,602 Hormel Foods Corporation $HRL

Eurizon Capital SGR S.p.A. purchased a new stake in Hormel Foods Corporation (NYSE:HRL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,602 shares of the company’s stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRL. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods during the second quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in shares of Hormel Foods during the fourth quarter worth $25,000. Federated Hermes Inc. acquired a new stake in shares of Hormel Foods during the third quarter worth $31,000. Brown Brothers Harriman & Co. increased its position in shares of Hormel Foods by 514.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the company’s stock worth $37,000 after buying an additional 1,266 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Hormel Foods by 110.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock worth $53,000 after buying an additional 1,186 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Stock Down 0.9%

Hormel Foods stock opened at $23.14 on Thursday. Hormel Foods Corporation has a 1-year low of $19.70 and a 1-year high of $31.86. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. The firm’s fifty day moving average price is $21.47 and its two-hundred day moving average price is $22.99. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30.

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 analysts’ consensus estimates of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. On average, equities research analysts predict that Hormel Foods Corporation will post 1.49 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 13th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is 137.65%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HRL shares. Bank of America increased their price objective on shares of Hormel Foods from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Stephens increased their price objective on shares of Hormel Foods from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.67.

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.