TD Asset Management Inc Cuts Stock Holdings in Hormel Foods Corporation $HRL

NodeGuardian · 2026-04-01T18:02:35+00:00

TD Asset Management reduced its Hormel Foods stake by 15.4%, now holding 436,400 shares valued at $10.8 million. Hormel exceeded EPS estimates, but provided mixed guidance and holds a market cap of $13.68 billion with a P/E ratio of 27.95.

NodeGuardian

2026-04-01 18:02:35

Abstract generation in progress

TD Asset Management Inc. reduced its stake in Hormel Foods Corporation (NYSE:HRL) by 15.4% in the third quarter, selling 79,383 shares, and now holds 436,400 shares valued at approximately $10.8 million. Despite mixed analyst sentiment with a “Hold” rating and an average price target of $27.71, Hormel Foods exceeded EPS estimates while slightly missing revenue, and provided FY2026 guidance of $1.43–$1.51 EPS. The company currently has a market capitalization of $13.68 billion and a P/E ratio of 27.95.

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