Barclays sets USD 28.00 target for Hormel Foods stock

Published on 10/24/2026 at 21:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hormel declared USD 0.2925 dividend on September 28, 2026. Hormel Foods stock costs EUR 18.89 on October 24, 2026, up 0.43 percent versus Tradegate close.

Analyst target and dividend date

Barclays set a USD 28.00 target and maintained a Buy rating on October 14, 2026.
Hormel declared a USD 0.2925 quarterly dividend on September 28, 2026.
Hormel Foods stock costs EUR 18.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.43 percent above the Tradegate close of October 23, 2026.

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Hormel Foods (ISIN US4404521001) has a USD 28.00 analyst target from Barclays, while the stock stood at EUR 18.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.43 percent above the Tradegate close of October 23, 2026. According to Markets Insider, Barclays analyst Benjamin Theurer maintained a Buy rating and set the target on October 14, 2026.

Dividend adds a dated income signal

Hormel's board authorized a quarterly dividend of USD 0.2925 per share on September 28, 2026. The payment is scheduled for November 16, 2026, for shareholders of record at the close of business on October 13, 2026, according to Hormel Foods. The company said this was its 393rd consecutive quarterly dividend.

Price position carries the risk signal

Hormel's NYSE price was USD 21.06 on October 23, 2026 at 4:00 p.m. ET. The stock's USD 18.96 to USD 26.60 52-week range puts the latest primary-market price USD 5.54 below the high and USD 2.10 above the low. Its market capitalization was USD 11.6 billion, while trading volume reached 3,276,568 shares on that date.

The latest quarter ended July 26, 2026, with revenue of USD 2.96 billion, net income of USD 59.52 million, diluted earnings per share of USD 0.11 and a net profit margin of 2.00 percent. Revenue was down 2.40 percent from USD 3.03 billion a year earlier, while net income fell from USD 183.74 million, according to Markets Insider.

Valuation and next date

Hormel's price-to-earnings ratio was 33.43 on October 23, 2026, and its trailing dividend yield was 6.00 percent. A market listing page names December 3, 2026, as the next quarterly reporting date and shows a USD 25.31 average analyst target from 10 analysts, according to wallstreetONLINE.

Comparison with peers

Hormel Foods: minus 1.40 percent on October 23, 2026, P/E 33.43, market capitalization USD 11.6 billion.

Campbell Soup Company (NYSE, USD): minus 2.49 percent on October 23, 2026, P/E 15.82, market capitalization USD 6.2 billion.

Conagra Brands (NYSE, USD): minus 1.39 percent on October 23, 2026, negative P/E, market capitalization USD 7.1 billion.

Hormel Foods stock stays range-bound

The combination of a USD 28.00 Barclays target, a scheduled dividend payment and a 33.43 price-to-earnings ratio gives investors three dated reference points. The next reporting date will test whether the recent revenue decline is stabilizing.

The stock was trading at EUR 18.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.43 percent above the Tradegate close of October 23, 2026 at EUR 18.81. The further course of trading is shown by the continuously updated real-time quote of Hormel Foods stock.