--- title: "Midwest Trust Co Trims Stake in Hormel Foods Corporation $HRL" type: "News" locale: "en" url: "https://longbridge.com/en/news/275601846.md" description: "Midwest Trust Co reduced its stake in Hormel Foods Corporation (NYSE:HRL) by 21.7% in Q3, now holding 298,080 shares valued at $7.37 million. Other institutional investors also adjusted their positions, with Sumitomo Mitsui DS Asset Management increasing its stake by 130%. Analysts have mixed ratings on HRL, with a consensus rating of \"Hold\" and a price target of $28.29. Hormel Foods reported Q3 earnings of $0.32 per share, beating estimates, and announced a quarterly dividend increase to $0.2925, yielding 4.8%." datetime: "2026-02-11T12:09:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275601846.md) - [en](https://longbridge.com/en/news/275601846.md) - [zh-HK](https://longbridge.com/zh-HK/news/275601846.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275601846.md) | [繁體中文](https://longbridge.com/zh-HK/news/275601846.md) # Midwest Trust Co Trims Stake in Hormel Foods Corporation $HRL Midwest Trust Co lessened its position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) by 21.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298,080 shares of the company's stock after selling 82,420 shares during the quarter. Midwest Trust Co owned about 0.05% of Hormel Foods worth $7,374,000 as of its most recent SEC filing. - 5 Under-the-Radar Consumer Staples Stocks With Pricing Power A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRL. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Hormel Foods by 130.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 91,706 shares of the company's stock worth $2,269,000 after purchasing an additional 51,827 shares during the period. Machina Capital S.A.S. purchased a new position in shares of Hormel Foods during the second quarter worth about $820,000. Nordea Investment Management AB increased its position in Hormel Foods by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 40,492 shares of the company's stock valued at $1,218,000 after acquiring an additional 13,188 shares during the period. Franklin Resources Inc. raised its stake in Hormel Foods by 67.4% during the 2nd quarter. Franklin Resources Inc. now owns 296,782 shares of the company's stock valued at $8,978,000 after acquiring an additional 119,460 shares during the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in Hormel Foods during the 3rd quarter worth approximately $19,824,000. Hedge funds and other institutional investors own 40.99% of the company's stock. ## Wall Street Analysts Forecast Growth HRL has been the topic of a number of recent research reports. The Goldman Sachs Group set a $27.00 target price on Hormel Foods and gave the company a "buy" rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Hormel Foods in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on Hormel Foods from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, December 5th. Wall Street Zen upgraded shares of Hormel Foods from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Finally, Zacks Research upgraded shares of Hormel Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $28.29. - Hormel Stock Near Lows, But Tariff Relief Could Boost Outlook **Read Our Latest Stock Report on Hormel Foods** ## Hormel Foods Trading Down 0.4% HRL opened at $24.31 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.20. Hormel Foods Corporation has a 12-month low of $21.03 and a 12-month high of $32.07. The firm's fifty day moving average price is $24.06 and its 200 day moving average price is $24.64. The stock has a market capitalization of $13.37 billion, a PE ratio of 27.94, a P/E/G ratio of 2.48 and a beta of 0.33. - 4 Stocks With +3% Yields and 50+ Years of Dividend Increases Hormel Foods (NYSE:HRL - Get Free Report) last released its earnings results on Wednesday, December 3rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year. ## Hormel Foods Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, January 12th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.8%. This is a boost from Hormel Foods's previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 12th. Hormel Foods's payout ratio is 134.48%. ## Hormel Foods Company Profile (Free Report) 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. ## Read More - Five stocks we like better than Hormel Foods - Nvidia CEO Issues Bold Tesla Call - Your Bank Account Is No Longer Safe - Buy this Gold Stock Before May 2026 - What a Former CIA Agent Knows About the Coming Collapse - The day the gold market broke **Want to see what other hedge funds are holding HRL?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hormel Foods Corporation (NYSE:HRL - Free Report). _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Hormel Foods Right Now? Before you consider Hormel Foods, you'll want to hear this. 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