Hormel Foods Corporation (NYSE:HRL) Receives $28.29 Consensus Target Price from Analysts

Shares of Hormel Foods Corporation (NYSE:HRL) have been given an average rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $28.2857.

HRL has been the topic of a number of research reports. Piper Sandler restated a “neutral” rating and issued a $26.00 price target (up from $25.00) on shares of Hormel Foods in a research note on Friday, December 5th. JPMorgan Chase & Co. raised their target price on Hormel Foods from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Bank of America boosted their price target on Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. The Goldman Sachs Group set a $27.00 price objective on shares of Hormel Foods and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hormel Foods in a report on Wednesday, October 8th.

Hormel Foods Stock Performance

Shares of HRL stock opened at $24.44 on Thursday. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $23.52 and a 200-day moving average price of $25.19. Hormel Foods has a 52 week low of $21.03 and a 52 week high of $32.07. The firm has a market capitalization of $13.44 billion, a PE ratio of 28.09, a P/E/G ratio of 2.49 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.51 EPS. As a group, equities research analysts expect that Hormel Foods will post 1.65 earnings per share for the current year.

Hormel Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, January 12th will be given a dividend of $0.2925 per share. 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, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.29. Hormel Foods’s payout ratio is presently 134.48%.

Hedge Funds Weigh In On Hormel Foods

Several institutional investors and hedge funds have recently bought and sold shares of HRL. Revisor Wealth Management LLC lifted its position in shares of Hormel Foods by 3.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 11,342 shares of the company’s stock valued at $357,000 after acquiring an additional 360 shares during the period. G&S Capital LLC grew its holdings in shares of Hormel Foods by 2.6% in the 2nd quarter. G&S Capital LLC now owns 15,914 shares of the company’s stock worth $481,000 after acquiring an additional 398 shares during the period. Exchange Traded Concepts LLC increased its stake in Hormel Foods by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 55,180 shares of the company’s stock valued at $1,308,000 after purchasing an additional 437 shares in the last quarter. Voya Investment Management LLC increased its stake in Hormel Foods by 0.6% in the 1st quarter. Voya Investment Management LLC now owns 87,438 shares of the company’s stock valued at $2,705,000 after purchasing an additional 484 shares in the last quarter. Finally, Siemens Fonds Invest GmbH raised its holdings in Hormel Foods by 3.8% during the third quarter. Siemens Fonds Invest GmbH now owns 13,407 shares of the company’s stock worth $332,000 after purchasing an additional 486 shares during the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

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.