--- title: "1,307,234 Shares in Hormel Foods Corporation $HRL Bought by Deutsche Bank AG" type: "News" locale: "en" url: "https://longbridge.com/en/news/296676382.md" description: "Deutsche Bank AG initiated a new position in Hormel Foods Corporation (NYSE:HRL) during the second quarter, purchasing 1,307,234 shares valued at approximately $32.4 million. This move is part of broader institutional activity, with other firms like Invesco and Norges Bank also adjusting their stakes. Hormel recently reported Q2 earnings beating estimates, while analysts maintain a consensus 'Hold' rating with target prices ranging from $25 to $27." datetime: "2026-08-22T07:52:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296676382.md) - [en](https://longbridge.com/en/news/296676382.md) - [zh-HK](https://longbridge.com/zh-HK/news/296676382.md) generator: "portal-rs" --- # 1,307,234 Shares in Hormel Foods Corporation $HRL Bought by Deutsche Bank AG Deutsche Bank AG bought a new position in shares of Hormel Foods Corporation (NYSE:HRL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,307,234 shares of the company's stock, valued at approximately $32,446,000. Deutsche Bank AG owned 0.24% of Hormel Foods at the end of the most recent reporting period. - 5 Dividend Kings to Buy in July with Irresistible Value and Yield A number of other institutional investors have also made changes to their positions in the business. Invesco Ltd. raised its holdings in Hormel Foods by 66.5% during the 3rd quarter. Invesco Ltd. now owns 11,331,941 shares of the company's stock worth $280,352,000 after purchasing an additional 4,526,167 shares during the last quarter. Norges Bank acquired a new position in shares of Hormel Foods during the 4th quarter worth approximately $85,840,000. Epoch Investment Partners Inc. acquired a new stake in shares of Hormel Foods in the first quarter valued at approximately $44,733,000. Freestone Grove Partners LP bought a new position in Hormel Foods in the 4th quarter valued at about $43,340,000. Finally, Two Sigma Investments LP grew its stake in shares of Hormel Foods by 126.2% in the third quarter. Two Sigma Investments LP now owns 3,174,553 shares of the company's stock valued at $78,538,000 after acquiring an additional 1,770,852 shares in the last quarter. 40.99% of the stock is owned by institutional investors. ## Hormel Foods Trading Down 0.7% NYSE HRL opened at $23.90 on Friday. Hormel Foods Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $29.34. The stock has a market cap of $13.15 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The stock has a 50 day simple moving average of $24.91 and a two-hundred day simple moving average of $23.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. - Campbell's Soup Stock: Deep Value and a 7% Dividend Yield Hormel Foods (NYSE:HRL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The business had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business's revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Hormel Foods Corporation will post 1.5 earnings per share for the current year. ## Insider Buying and Selling at Hormel Foods In other news, Director Gary C. Bhojwani sold 20,200 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total transaction of $495,102.00. Following the transaction, the director directly owned 32,002 shares of the company's stock, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.58% of the stock is owned by corporate insiders. ## Wall Street Analysts Forecast Growth - Was Hormel’s Q2 Earnings Report the Turnaround Investors Needed? Several research analysts have commented on the stock. Stephens restated an "equal weight" rating and set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, July 9th. Bank of America increased their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upped their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. BNP Paribas Exane upped their price objective on Hormel Foods from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Hormel Foods from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $26.57. **View Our Latest Report on Hormel Foods** ## About Hormel Foods (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. ## See Also - Five stocks we like better than Hormel Foods - Blueprint for a Boom: SEC Clears the Crypto Runway - Ross Stores Just Flipped the Off-Price Retail Story After TJX's Marmaxx Miss - Advance Auto Parts Plunged, But Its Turnaround Is Still Working - Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? **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.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Hormel Foods Right Now? Before you consider Hormel Foods, you'll want to hear this. 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. While Hormel Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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