Barclays cuts Hormel Foods stock target to USD 28.00

Published on 10/15/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue fell 2.4 percent to USD 2.96 billion. Hormel Foods stock costs EUR 18.00 on October 15, 2026 at 9:45 p.m. CEST.

Analyst target and quarterly results

Barclays lowered its Hormel Foods target from USD 30.00 to USD 28.00 on October 14, 2026.
Revenue fell 2.4 percent year over year to USD 2.96 billion in the quarter reported on August 26, 2026.
Hormel Foods stock costs EUR 18.00 at Lang & Schwarz on October 15, 2026 at 9:45 p.m. CEST.
Hormel Foods had a USD 11.1 billion market capitalization and a 32.00 price-to-earnings ratio on October 15, 2026.

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Barclays analyst Benjamin Theurer cut the Hormel Foods stock target from USD 30.00 to USD 28.00 on October 14, 2026, according to Markets Insider. The new target sits 38.61 percent above Hormel Foods' USD 20.20 price on the NYSE at 3:52 p.m. EDT on October 15, 2026. Hormel Foods stock was trading at EUR 18.00 at Lang & Schwarz on October 15, 2026 at 9:45 p.m. CEST.

Quarterly revenue sets the tone

In the quarter reported on August 26, 2026, revenue came to USD 2.96 billion, down 2.4 percent year over year, while earnings per share reached USD 0.37, according to MarketBeat. The combination puts operating performance ahead of the target revision for investors tracking the food maker.

Price sits near yearly low

Hormel Foods traded as low as USD 18.96 in the 52-week period and reached USD 26.60 at the upper end, according to the same October 14, 2026 market report. Its USD 20.20 NYSE price therefore stood 6.54 percent above the yearly low and 24.06 percent below the yearly high. The current market picture is also visible in trading activity: 3,739,536 shares had changed hands against an average volume of 4,833,971 shares by the October 15, 2026 quote.

On October 12, 2026, Hormel Foods announced Holly LaVallie as vice president of marketing excellence, according to Hormel Foods.

Valuation and dividend income

Hormel Foods had a market capitalization of USD 11.1 billion, a 32.00 price-to-earnings ratio and a 6.00 percent dividend yield on October 15, 2026. MarketBeat reported a quarterly dividend of USD 0.2925 and an annualized yield of 6.10 percent on October 14, 2026. The next payment was scheduled for November 16, 2026, with the record date on October 13, 2026.

Comparison with peers

Hormel Foods: P/E 32.00, market capitalization USD 11.1 billion
Tyson Foods (NYSE, USD): minus 0.28 percent, P/E 33.40, market capitalization USD 19.0 billion
Conagra Brands (NYSE, USD): plus 2.49 percent, P/E minus 3.56, market capitalization USD 6.8 billion.

Trading details

Hormel Foods Corporation is listed on the NYSE under ticker HRL and operates in the Consumer Defensive sector, with packaged foods as its industry classification. The company sells branded food products through retail, foodservice and international channels.