Fidelity National Financial Inc. Makes New Investment in Hormel Foods Corporation $HRL

Fidelity National Financial Inc. bought a new position in shares of Hormel Foods Corporation (NYSE:HRL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 660,000 shares of the company’s stock, valued at approximately $15,642,000. Hormel Foods makes up approximately 0.5% of Fidelity National Financial Inc.’s holdings, making the stock its 12th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in HRL. Caxton Associates LLP acquired a new stake in Hormel Foods during the 1st quarter worth approximately $310,000. Empowered Funds LLC lifted its holdings in Hormel Foods by 1.8% during the 1st quarter. Empowered Funds LLC now owns 57,500 shares of the company’s stock worth $1,779,000 after buying an additional 993 shares in the last quarter. Woodline Partners LP lifted its holdings in Hormel Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock worth $761,000 after buying an additional 7,129 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Hormel Foods by 214.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company’s stock worth $143,000 after buying an additional 3,226 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Hormel Foods by 76.5% during the 2nd quarter. Cerity Partners LLC now owns 103,616 shares of the company’s stock worth $3,134,000 after buying an additional 44,906 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Price Performance

Shares of HRL opened at $24.33 on Thursday. Hormel Foods Corporation has a twelve month low of $19.70 and a twelve month high of $31.86. The firm’s fifty day simple moving average is $21.56 and its 200-day simple moving average is $23.04. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.76 and a beta of 0.35. 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 announced 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 business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business earned $0.35 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Equities analysts forecast that Hormel Foods Corporation will post 1.5 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, July 13th. Hormel Foods’s dividend payout ratio (DPR) is 137.65%.

Wall Street Analyst Weigh In

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

About Hormel Foods

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.