Savant Capital LLC Cuts Stake in Hormel Foods Corporation $HRL

Savant Capital LLC cut its stake in Hormel Foods Corporation (NYSE:HRL) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,387 shares of the company’s stock after selling 31,047 shares during the quarter. Savant Capital LLC’s holdings in Hormel Foods were worth $981,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in shares of Hormel Foods by 107.5% during the third quarter. Wealthfront Advisers LLC now owns 456,666 shares of the company’s stock worth $11,298,000 after acquiring an additional 236,637 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Hormel Foods by 11.2% during the third quarter. ProShare Advisors LLC now owns 5,769,398 shares of the company’s stock worth $142,735,000 after acquiring an additional 581,006 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Hormel Foods by 2.0% during the third quarter. Vanguard Group Inc. now owns 37,595,843 shares of the company’s stock worth $930,121,000 after acquiring an additional 729,942 shares during the last quarter. Vest Financial LLC increased its position in shares of Hormel Foods by 9.1% during the fourth quarter. Vest Financial LLC now owns 2,042,541 shares of the company’s stock worth $48,408,000 after acquiring an additional 171,137 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Hormel Foods by 297.6% during the third quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company’s stock worth $103,815,000 after acquiring an additional 3,142,670 shares during the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods Stock Down 0.1%

NYSE:HRL opened at $23.33 on Wednesday. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. Hormel Foods Corporation has a one year low of $19.70 and a one year high of $31.86. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $22.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Sell-side analysts predict that Hormel Foods Corporation will post 1.49 EPS for the current fiscal year.

Hormel Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 13th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, July 13th. Hormel Foods’s payout ratio is presently 137.65%.

Wall Street Analysts Forecast Growth

HRL has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a research report on Thursday, May 21st. Stephens upped their price target 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. Bank of America increased their price objective on shares of Hormel Foods from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Two equities 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.67.

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.