Core Viewpoint - Barclays has cut its price target on Hormel Foods Corporation to $31 from $30 while maintaining an Overweight rating, indicating a mixed outlook for the agriculture sector in the Americas, with a more positive view on seed companies compared to crude protein producers [1] Financial Performance - Hormel Foods Corporation reported fiscal Q4 2025 earnings with revenue of $3.2 billion, reflecting a 2% growth year-over-year. Operating income was $2 billion, and adjusted operating income reached $245 million. Despite these positive indicators, the company faces profitability pressures due to persistent input cost inflation and one-off items [2] Structural Changes - Hormel Foods announced plans to cut 250 corporate and sales jobs, implement a voluntary early retirement program for certain non-plant employees, and reduce parts of its office-based workforce. The company anticipates restructuring charges between $20 million to $25 million related to pension benefits, severance, employee costs, and stock compensation [3]