Miller Howard Investments Trims Hormel Foods Stake

The institutional investor reduced its holdings in the food company by 11.4% in Q4 2025.

Apr. 20, 2026 at 10:24am

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An extreme close-up of intricate, metallic banking and financial machinery, conveying the complex, industrial nature of institutional investing.An institutional investor's reduced stake in a major food company reflects broader shifts in the financial landscape.NYC Today

Miller Howard Investments Inc. NY, an institutional investor, reduced its holdings in Hormel Foods Corporation (NYSE:HRL) by 11.4% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns 709,640 shares of the company's stock, valued at $16.82 million.

Why it matters

This filing provides insight into the investment decisions of Miller Howard Investments, a notable institutional investor. The reduction in Hormel Foods holdings could signal a shift in the firm's outlook on the food company's performance or broader industry trends.

The details

According to the SEC filing, Miller Howard Investments sold 91,662 shares of Hormel Foods during the fourth quarter. The firm now owns approximately 0.13% of the company's outstanding shares. Hormel Foods is a global branded foods company known for products like SPAM, Jennie-O turkey, and Skippy peanut butter.

  • The filing covers the fourth quarter of 2025.
  • Miller Howard Investments reduced its Hormel Foods holdings during this period.

The players

Miller Howard Investments Inc. NY

An institutional investor that manages a portfolio of stocks, including a position in Hormel Foods Corporation.

Hormel Foods Corporation

A global branded foods company that produces a variety of meat, peanut butter, and other food products under well-known brands.

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The takeaway

This filing highlights the shifting investment landscape, as institutional investors like Miller Howard Investments adjust their holdings in response to market conditions and their own analysis of a company's prospects. The reduction in Hormel Foods shares could signal broader concerns about the food industry or the company's performance, though further context would be needed to fully understand the firm's rationale.