Hormel Foods (HRL) News Today

Shares of Hormel Foods Co. (NYSE:HRL - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a bu

MCF Advisors LLC reduced its position in Hormel Foods Co. (NYSE:HRL - Free Report) by 48.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,836 shares of the company's stock after sell

Hormel Foods (NYSE:HRL - Get Free Report) released its earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.95 billion. Hormel Foods had a net margin of 6.37% and a return on equity of 11.31%. Hormel Foods's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share.

Hormel Foods (NYSE:HRL) updated its FY24 earnings guidance. The company provided EPS guidance of $1.57-1.63 for the period, compared to the consensus estimate of $1.60. The company also issued revenue guidance of $11.8-12.1 billionillion, compared to the consensus estimate of $12.14 billionillion.

When interest rates fall on risk-free assets, high-quality dividend stocks become more attractive; here are three names for investors to consider

Financial Counselors Inc. raised its position in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,909 shares of the company's stock after buyi

Mizuho Markets Americas LLC lessened its stake in Hormel Foods Co. (NYSE:HRL - Free Report) by 46.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,809 shares of the company's stock after selling 152,731

iA Global Asset Management Inc. raised its position in Hormel Foods Co. (NYSE:HRL - Free Report) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,920 shares of the company'

Principal Financial Group Inc. reduced its holdings in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 28.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300,341 shares of the company's sto

Hormel Foods (NYSE:HRL) will be releasing earnings before the market opens on Wednesday, September 4, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=617930)

Atria Wealth Solutions Inc. boosted its stake in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 25.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,191 shares of the company's stock after purchasing an additional 19,984

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 783,828 shares of t

Swedbank AB increased its holdings in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,725 shares of the company's stock after purchasing an additional 24,100 share

Citigroup raised shares of Hormel Foods from a "neutral" rating to a "buy" rating and upped their target price for the stock from $33.00 to $37.00 in a research note on Tuesday.

Gateway Investment Advisers LLC reduced its stake in Hormel Foods Co. (NYSE:HRL - Free Report) by 67.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,584 shares of the company's stock after selling 58,07