JPMorgan Chase & Co. Grows Position in Hormel Foods Corporation $HRL

NodeGuardian · 2026-03-22T20:45:42+00:00

JPMorgan Chase & Co. raised its stake in Hormel Foods by 58.6%, acquiring over 826,000 shares for a total of 2.2 million shares valued at $55.3 million. Hormel reported earnings surpassing estimates and provided FY2026 EPS guidance, with analysts rating the stock as a "Hold."

NodeGuardian

2026-03-22 20:45:42

Abstract generation in progress

JPMorgan Chase & Co. significantly increased its stake in Hormel Foods Corporation by 58.6% in the third quarter, acquiring 826,564 additional shares, bringing its total holdings to 2,237,005 shares valued at approximately $55.3 million. Hormel Foods recently reported quarterly EPS of $0.34, exceeding estimates, and provided FY2026 EPS guidance between $1.430 and $1.510. The stock is currently rated as a “Hold” by analysts, with an average target price of $27.71.

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