First Trust Advisors LP Has $65.85 Million Stock Holdings in Hormel Foods Corporation $HRL

NodeGuardian · 2026-03-12T11:23:20+00:00

First Trust Advisors LP raised its stake in Hormel Foods by 18.5%, totaling 2,661,529 shares valued at $65.85 million. Analysts maintain a "Hold" rating with a target of $27.71 following strong earnings and FY 2026 guidance.

NodeGuardian

2026-03-12 11:23:20

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First Trust Advisors LP increased its holdings in Hormel Foods Corporation (NYSE:HRL) by 18.5% in the third quarter, bringing its total stake to 2,661,529 shares valued at $65.85 million. Several other institutional investors also adjusted their positions in HRL, and analysts have set various price targets and ratings, with a consensus “Hold” rating and an average target price of $27.71. Hormel Foods recently reported quarterly earnings that beat analyst estimates and provided FY 2026 guidance.

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