Hormel FoodsHRL
Market Cap: $17.9B
About: Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (64% of fiscal 2023 sales), US food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
Employees: 20,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 5 (+1) [Q2]
13% more repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 216
5% more call options, than puts
Call options by funds: $55.2M | Put options by funds: $52.3M
0.32% less ownership
Funds ownership: 40.98% [Q1] → 40.66% (-0.32%) [Q2]
4% less funds holding
Funds holding: 625 [Q1] → 600 (-25) [Q2]
13% less capital invested
Capital invested by funds: $7.83B [Q1] → $6.8B (-$1.03B) [Q2]
27% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 91
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Citigroup Thomas Palmer 31% 1-year accuracy 8 / 26 met price target | 14%upside $37 | Buy Upgraded | 13 Aug 2024 |
Financial journalist opinion
Based on 27 articles about HRL published over the past 30 days