Hormel Foods Corporation (NYSE:HRL) Stock Rated “Hold” by Sell-Side Analysts

Shares of Hormel Foods Corporation (NYSE:HRL) have been given a consensus rating of “Hold” by the nine research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.14.

Several brokerages have issued reports on HRL. Bank of America upped their target price on Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Hormel Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. BNP Paribas Exane lowered their price objective on shares of Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Finally, Stephens set a $23.00 target price on shares of Hormel Foods in a report on Friday, August 28th.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the sale, the director directly owned 32,002 shares in the company, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hormel Foods

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG boosted its holdings in Hormel Foods by 90.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 986 shares of the company’s stock valued at $26,000 after acquiring an additional 469 shares during the period. Fiduciary Financial Advisors purchased a new position in Hormel Foods in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its stake in Hormel Foods by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,455 shares of the company’s stock worth $33,000 after purchasing an additional 531 shares during the period. Root Financial Partners LLC lifted its position in Hormel Foods by 149.2% in the first quarter. Root Financial Partners LLC now owns 1,495 shares of the company’s stock valued at $34,000 after purchasing an additional 895 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Hormel Foods in the second quarter valued at approximately $37,000. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Trading Down 0.8%

Shares of HRL stock opened at $19.67 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $23.11 and a two-hundred day moving average price of $22.87. Hormel Foods has a 12-month low of $19.42 and a 12-month high of $26.60. The firm has a market cap of $10.83 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities analysts anticipate that Hormel Foods will post 1.49 EPS for the current fiscal year.

Hormel Foods Company Profile

Hormel Foods Corporation (NYSE: HRL) is a global food company that develops, produces and markets branded meat, prepared foods and other grocery products. Its portfolio includes SPAM luncheon meat, Hormel pepperoni, Hormel Compleats meals, Jennie-O turkey products, Applegate natural and organic foods, Columbus deli meats and Planters snack products.

The company sells products through retail grocery channels, foodservice operations and international markets. Its offerings are used by consumers, restaurants, schools, hospitals and other institutional customers, with products distributed across the United States and in selected markets worldwide.

Founded in 1891 by George A.