<div id="readability-page-1"><p>Barclays PLC boosted its holdings in  Hormel Foods Corporation (NYSE:HRL - Free Report) by 97.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 2,010,924 shares of the company's stock after acquiring an additional 990,861 shares during the quarter. Barclays PLC owned 0.37% of Hormel Foods worth $49,750,000 at the end of the most recent quarter.</p><ul><li>5 Under-the-Radar Consumer Staples Stocks With Pricing Power</li></ul><p>A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of  Hormel Foods in the 2nd quarter worth approximately $101,201,000.  Victory Capital Management Inc. grew its position in  Hormel Foods by 297.6% in the third quarter. Victory Capital Management Inc. now owns 4,198,564 shares of the company's stock valued at $103,815,000 after acquiring an additional 3,142,670 shares during the period.  JPMorgan Chase &amp; Co. raised its stake in  Hormel Foods by 58.6% during the third quarter. JPMorgan Chase &amp; Co. now owns 2,237,005 shares of the company's stock worth $55,345,000 after acquiring an additional 826,564 shares in the last quarter.  Vanguard Group Inc. lifted its holdings in shares of  Hormel Foods by 2.2% during the second quarter. Vanguard Group Inc. now owns 36,865,901 shares of the company's stock valued at $1,115,194,000 after acquiring an additional 805,449 shares during the period.  Finally, Miller Howard Investments Inc. NY bought a new position in shares of  Hormel Foods during the third quarter valued at $19,824,000. Institutional investors own  40.99% of the company's stock. </p><h2>Hormel Foods Stock Down 2.4%</h2><p>Shares of NYSE:HRL opened at $23.85 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 2.66 and a debt-to-equity ratio of 0.36. The firm has a market cap of $13.12 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.94 and a beta of 0.32. Hormel Foods Corporation has a 12 month low of $21.03 and a 12 month high of $32.07. The company's 50-day moving average price is $24.26 and its two-hundred day moving average price is $24.11. </p><ul><li>Hormel Stock Near Lows, But Tariff Relief Could Boost Outlook</li></ul><p>Hormel Foods (NYSE:HRL - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS.  As a group, research analysts forecast that  Hormel Foods Corporation will post 1.65 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of brokerages recently issued reports on HRL. Zacks Research upgraded shares of Hormel Foods from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Monday, December 29th. Piper Sandler  reaffirmed a &#34;neutral&#34; rating and set a $26.00 price objective (up from $25.00) on shares of Hormel Foods in a research note on Friday, December 5th. Weiss Ratings  reiterated a &#34;sell (d+)&#34; rating on shares of Hormel Foods in a research note on Thursday, January 22nd. Barclays  set a $30.00 target price on Hormel Foods and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, December 9th. Finally, Stephens increased their price target on Hormel Foods from $25.00 to $27.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Friday, February 27th. Three 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 presently has an average rating of &#34;Hold&#34; and a consensus target price of $27.71.</p><ul><li>4 Stocks With +3% Yields and 50+ Years of Dividend Increases</li></ul><p><b>View Our Latest Stock Analysis on Hormel Foods</b></p><h2>Hormel Foods Profile</h2> (Free Report)<p>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.  </p><p>Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.</p><h2>Read More</h2><ul><li>Five stocks we like better than Hormel Foods</li><li>Buy this Gold Stock Before May 15th, 2026</li><li>America’s 1776 happening again</li><li>J.P. Morgan is betting on this coin</li><li>Central banks just did something they haven’t done since 1967</li><li>My Epstein Story</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhSTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhSTA"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Hormel Foods Right Now?</h2><p>Before you consider Hormel Foods, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hormel Foods wasn't on the list.</p><p>While Hormel Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FTXG

<p>Barclays PLC increased its stake in Hormel Foods Corporation (NYSE:HRL) by 97.1% in Q3, owning 2,010,924 shares valued at $49.75 million. Other institutional investors also adjusted their positions, with Norges Bank acquiring a new stake worth $101.2 million. Hormel Foods' stock is currently down 2.4%, trading at $23.85, with a market cap of $13.12 billion. Analysts have mixed ratings on the stock, with a consensus target price of $27.71. Hormel Foods reported a slight revenue increase and set FY 2026 EPS guidance at 1.430-1.510.</p>

Market Beat

Barclays PLC Has $49.75 Million Position in Hormel Foods Corporation $HRL