Hormel Foods (NYSE:HRL) Issues FY 2025 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.580-1.680 for the period, compared to the consensus EPS estimate of 1.600. The company issued revenue guidance of $12.0 billion-$12.2 billion, compared to the consensus revenue estimate of $12.1 billion.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HRL. Stephens reaffirmed an “equal weight” rating and set a $31.00 price objective on shares of Hormel Foods in a research report on Thursday, May 22nd. Bank of America raised Hormel Foods from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $35.00 in a report on Tuesday, April 15th. BNP Paribas Exane raised Hormel Foods from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a report on Tuesday. Finally, BNP Paribas raised Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and a consensus target price of $32.00.

Hormel Foods Stock Down 0.7%

Hormel Foods stock opened at $29.98 on Thursday. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.73 and a beta of 0.34. The stock has a fifty day simple moving average of $29.91 and a two-hundred day simple moving average of $30.26. Hormel Foods has a 12 month low of $27.59 and a 12 month high of $34.55. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, July 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.87%. Hormel Foods’s dividend payout ratio (DPR) is currently 84.67%.

Insider Transactions at Hormel Foods

In other news, Director Elsa A. Murano sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.40, for a total value of $136,800.00. Following the transaction, the director now directly owns 95,488 shares in the company, valued at $2,902,835.20. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Hormel Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Caxton Associates LLP purchased a new position in shares of Hormel Foods in the 1st quarter worth $310,000. Woodline Partners LP boosted its stake in shares of 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 during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of 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 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 develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.