Hormel Foods (HRL)

• Market cap: $16.9B
• 1 day: 0.98%
• 5 days: -2.38%
• 1 month: -3.36%
• 3 months: -1.74%
• 6 months: -2.35%
• Year to date: -5.14%
• 1 year: -15.92%
• 5 years: -36.18%
• 10 years: 10.01%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

41% more call options, than puts

Call options by funds: $69.5M | Put options by funds: $49.4M

39% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 71

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

12% more repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 212

3% more funds holding

Funds holding: 614 [Q3] → 632 (+18) [Q4]

2.33% more ownership

Funds ownership: 39.62% [Q3] → 41.95% (+2.33%) [Q4]

5% more capital invested

Capital invested by funds: $6.88B [Q3] → $7.22B (+$338M) [Q4]

Research analyst outlook

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

• Low target: $31 4% upside
• Avg. target: $33 10% upside
• High target: $35 17% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

B of A Securities	17% upside $35	Neutral Upgraded	15 Apr 2025
Stephens & Co. Pooran Sharma 0% 1-year accuracy 0 / 3 met price target	4% upside $31	Equal-Weight Reiterated	18 Feb 2025