Horizon Investments LLC Trims Stock Position in Hormel Foods Corporation $HRL

Horizon Investments LLC lowered its position in shares of Hormel Foods Corporation (NYSE:HRL) by 82.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,433 shares of the company’s stock after selling 49,378 shares during the period. Horizon Investments LLC’s holdings in Hormel Foods were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HRL. Caxton Associates LLP purchased a new position in Hormel Foods in the 1st quarter worth approximately $310,000. Empowered Funds LLC grew its stake in Hormel Foods by 1.8% in 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 grew its stake in Hormel Foods by 40.8% in 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 grew its stake in Hormel Foods by 214.4% in 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 grew its stake in Hormel Foods by 76.5% in 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. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Analyst Ratings Changes

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

Hormel Foods Trading Down 1.6%

Shares of HRL opened at $20.43 on Friday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66. Hormel Foods Corporation has a fifty-two week low of $20.32 and a fifty-two week high of $31.86. The firm has a 50 day moving average price of $22.37 and a 200-day moving average price of $23.17.

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

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders 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 annualized dividend and a yield of 5.7%. Hormel Foods’s dividend payout ratio is presently 131.46%.

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.