Hormel Foods Corporation $HRL Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Hormel Foods Corporation (NYSE:HRL) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 381,858 shares of the company’s stock after selling 41,120 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Hormel Foods worth $9,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caxton Associates LLP purchased a new position in shares of Hormel Foods in the 1st quarter valued at $310,000. Empowered Funds LLC boosted its position 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 purchasing an additional 993 shares during the period. Woodline Partners LP increased its holdings in Hormel Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,583 shares of the company’s stock valued at $761,000 after purchasing an additional 7,129 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Hormel Foods by 214.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company’s stock valued at $143,000 after purchasing an additional 3,226 shares during the period. Finally, Cerity Partners LLC raised its position in Hormel Foods by 76.5% in the second quarter. Cerity Partners LLC now owns 103,616 shares of the company’s stock valued at $3,134,000 after purchasing an additional 44,906 shares during the period. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Stock Down 0.7%

Shares of Hormel Foods stock opened at $21.32 on Friday. Hormel Foods Corporation has a 1-year low of $20.32 and a 1-year high of $31.86. The company has a market capitalization of $11.73 billion, a PE ratio of 23.95, a P/E/G ratio of 2.59 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. The business has a 50-day moving average of $22.64 and a 200-day moving average of $23.24.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. Hormel Foods’s revenue for the quarter was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, equities analysts forecast that Hormel Foods Corporation will post 1.42 EPS for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 13th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. Hormel Foods’s dividend payout ratio (DPR) is presently 131.46%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HRL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $23.00 target price (down from $28.00) on shares of Hormel Foods in a research report on Thursday, April 9th. Stephens boosted their price target on Hormel Foods from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.00.

Hormel Foods 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.