Barclays sets USD 28.00 target for Hormel Foods stock

Published on 10/17/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hormel declared a USD 0.2925 dividend on September 28, 2026. Hormel Foods stock last stood at EUR 18.20 on October 16, 2026 at 10:59 p.m. CEST.

Analyst target and valuation

Barclays set a USD 28.00 target for Hormel Foods on October 14, 2026.
Hormel declared a USD 0.2925 quarterly dividend on September 28, 2026.
Hormel Foods stock last stood at EUR 18.20 at Lang & Schwarz on October 16, 2026 at 10:59 p.m. CEST.
Hormel Foods had a P/E ratio of 32.38 as of October 16, 2026.

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On October 14, 2026, Barclays set a USD 28.00 price target for Hormel Foods and maintained a Buy rating, putting the target 37.25 percent above the USD 20.40 US quote. Markets Insider reported the analyst view. Hormel Foods last stood at EUR 18.20 at Lang & Schwarz on October 16, 2026 at 10:59 p.m. CEST.

Dividend payment is due November 16

Hormel Foods declared a quarterly dividend of USD 0.2925 on September 28, 2026. The company said the payment is scheduled for November 16, 2026, to shareholders of record as of October 13, 2026, according to its Hormel Foods release.

USD 20.40 sits above the yearly low

The NYSE-listed stock was last quoted at USD 20.40 on October 16, 2026 at 4:00 p.m. ET, up USD 0.21, or 1.04 percent, from USD 20.19. That level was 7.59 percent above the 52-week low of USD 18.96 and 23.31 percent below the high of USD 26.60. Trading volume reached 5,622,994 shares against an average of 4,917,623, a 14.34 percent difference.

Valuation carries a 32.38 P/E ratio

Hormel Foods had a market capitalization of USD 11.2 billion and a P/E ratio of 32.38 as of October 16, 2026. The valuation sits alongside a consumer defensive business spanning grocery products, refrigerated foods, turkey products and international operations. The company describes itself as a global branded food producer with more than 18,000 team members.

Comparison with peers

Hormel Foods (NYSE, USD): P/E 32.38, market capitalization USD 11.2 billion
Tyson Foods (NYSE, USD): minus 1.59 percent, P/E 33.89, market capitalization USD 19.3 billion
Conagra Brands (NYSE, USD): minus 2.05 percent, P/E minus 3.64, market capitalization USD 6.9 billion

Price remains the key market marker

The euro quotation and the US listing point to different trading venues, so the figures are kept separate. Barclays' USD 28.00 target provides the clearest dated valuation reference, while the scheduled USD 0.2925 payment adds an income date for shareholders.

Hormel Foods last stood at EUR 18.20 at Lang & Schwarz on October 16, 2026 at 10:59 p.m. CEST.

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