Hormel Foods
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 (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% 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 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 58
14% more repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 212
1% more funds holding
Funds holding: 608 [Q2] → 612 (+4) [Q3]
1% less capital invested
Capital invested by funds: $6.97B [Q2] → $6.94B (-$38.3M) [Q3]
1.8% less ownership
Funds ownership: 41.72% [Q2] → 39.92% (-1.8%) [Q3]
13% less call options, than puts
Call options by funds: $50.2M | Put options by funds: $57.5M
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Benjamin Theurer 40% 1-year accuracy 14 / 35 met price target | 17%upside $36 | Equal-Weight Maintained | 21 Jan 2025 |
Citigroup Thomas Palmer 24% 1-year accuracy 9 / 37 met price target | 13%upside $35 | Buy Maintained | 19 Nov 2024 |
Financial journalist opinion
Based on 14 articles about HRL published over the past 30 days
