Hormel Foods (HRL)

• Market cap: $13.8B
• 1 day: 0.64%
• 5 days: 1%
• 1 month: -10.96%
• 3 months: -16.23%
• 6 months: -15.95%
• Year to date: -20.11%
• 1 year: -22.21%
• 5 years: -49.14%
• 10 years: -19.01%
• Sector: Consumer Staples
• Industry: Packaged 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $42.6M | Put options by funds: $31.2M

17% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 76

1.15% more ownership

Funds ownership: 41.8% [Q1] → 42.94% (+1.15%) [Q2]

1% more funds holding

Funds holding: 625 [Q1] → 632 (+7) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 235 | Existing positions reduced: 215

0% more capital invested

Capital invested by funds: $7.11B [Q1] → $7.14B (+$32.8M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $28
• Avg. target: $31
• High target: $34

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

JP Morgan Thomas Palmer	$30	Overweight Maintained	29 Aug 2025
Goldman Sachs Adam Samuelson	$31	Buy Maintained	29 Aug 2025
Barclays Benjamin Theurer	$34	Overweight Maintained	29 Aug 2025
B of A Securities Peter Galbo	$28	Neutral Maintained	29 Aug 2025