Hormel Foods agrees to acquire Brakebush, with USD 26.14 target for Hormel Foods stock

Published on 10/05/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hormel set a USD 0.2925 dividend for November 16, 2026. Hormel Foods stock costs EUR 18.10 on October 5, 2026 after EUR 17.93.

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Hormel Foods Corporation (ISIN US4404521001) agreed on September 30, 2026, to acquire Brakebush Brothers for USD 1.055 billion, according to Hormel Foods. The average analyst target is USD 26.14, with a Hold consensus across nine ratings, as MarketBeat reported on September 24, 2026.

Brakebush adds foodservice scale

The purchase is expected to close during Hormel's first quarter of fiscal 2027, subject to regulatory approval, and Hormel expects the deal to add to adjusted earnings per share beginning in fiscal 2028, the company said on September 30, 2026. Brakebush operates five production facilities and two research and development labs, while Hormel plans to report the business primarily in its Foodservice segment.

The transaction gives Hormel a direct route into value-added chicken, but the purchase also adds execution risk because the company intends to fund the deal with existing cash and newly issued debt, according to Reuters on September 30, 2026.

Revenue pressure meets earnings growth

In the fiscal third quarter of 2026, Hormel posted revenue of USD 2.96 billion, down 2.40 percent from the prior-year quarter, while adjusted earnings per share came in at USD 0.37 versus USD 0.35 expected, according to MarketBeat. That split matters: profit performance exceeded consensus by USD 0.02, while the top line missed the USD 3.03 billion estimate by USD 0.07 billion.

Management's fiscal 2026 adjusted earnings-per-share outlook stands at USD 1.45 to USD 1.51, while fiscal-year net sales guidance is USD 12.1 billion to USD 12.2 billion, according to the company's third-quarter earnings discussion published on August 27, 2026. Hormel also declared a USD 0.2925 quarterly dividend on September 28, 2026, payable November 16, 2026, to holders of record on October 13, 2026, per Hormel Foods.

Hormel Foods stock holds near its low

Hormel Foods stock was trading at EUR 18.10 at Lang & Schwarz on October 5, 2026, at 12:31 p.m. CEST, plus 0.95 percent versus the prior close of EUR 17.93. The primary listing is NYSE, where the stock's 52-week range was USD 19.42 to USD 26.60 and market capitalization was USD 11.1 billion as of October 2, 2026.

The further course of trading is shown by the continuously updated real-time quote of Hormel Foods stock.