Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the 'Global 2000 World's Best Employers' list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's 'The 100 Best Corporate Citizens' list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement - Inspired People. Inspired Food.™ - to bring some of the world's most trusted and iconic brands to tables across the globe.
Company profile
Ticker
HRL
Exchange
Website
CEO
James Snee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
BRF ...
Former names
HORMEL GEO A & CO
SEC CIK
Corporate docs
Subsidiaries
The Company • 199 Ventures, LLC • Alma Foods, LLC • Applegate Farms, LLC • Applegate Investment Corporation • Beijing Hormel Business Management Co., Ltd • Beijing Hormel Foods Co. Ltd. • Burke Marketing Corporation • Campoco, Inc. • Century Foods International, LLC ...
IRS number
410319970
HRL stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
27 Mar 23
10-Q
2023 Q1
Quarterly report
2 Mar 23
8-K
Hormel Foods Reports First Quarter Fiscal 2023 Results
2 Mar 23
8-K
Regulation FD Disclosure
28 Feb 23
8-K
Submission of Matters to a Vote of Security Holders
3 Feb 23
PX14A6G
Letter to shareholders
10 Jan 23
PX14A6G
Letter to shareholders
30 Dec 22
DEFA14A
Additional proxy soliciting materials
21 Dec 22
DEF 14A
Definitive proxy
21 Dec 22
S-3ASR
Automatic shelf registration
6 Dec 22
Transcripts
HRL
Earnings call transcript
2023 Q1
1 Mar 23
HRL
Earnings call transcript
2022 Q4
30 Nov 22
HRL
Earnings call transcript
2022 Q3
1 Sep 22
HRL
Earnings call transcript
2022 Q2
2 Jun 22
HRL
Earnings call transcript
2022 Q1
1 Mar 22
HRL
Earnings call transcript
2021 Q4
9 Dec 21
HRL
Earnings call transcript
2021 Q3
2 Sep 21
HRL
Earnings call transcript
2021 Q2
20 May 21
HRL
Earnings call transcript
2021 Q1
18 Feb 21
HRL
Earnings call transcript
2020 Q4
24 Nov 20
Latest ownership filings
Financial summary
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| Annual (USD) | Oct 22 | Oct 21 | Oct 20 | Oct 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 599.79 mm | 599.79 mm | 599.79 mm | 599.79 mm | 599.79 mm | 599.79 mm |
| Cash burn (monthly) | 127.44 mm | 18.72 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 265.55 mm | 39.01 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 334.24 mm | 560.78 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 2.6 | 30.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
40.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 682 |
| Opened positions | 97 |
| Closed positions | 62 |
| Increased positions | 274 |
| Reduced positions | 198 |
| 13F shares | Current |
|---|---|
| Total value | 10.02 tn |
| Total shares | 220.03 mm |
| Total puts | 1.08 mm |
| Total calls | 924.40 k |
| Total put/call ratio | 1.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 35.46 mm | $1.62 tn |
| BLK Blackrock | 29.20 mm | $1.33 tn |
| STT State Street | 26.18 mm | $1.19 tn |
| Capital International Investors | 11.97 mm | $545.05 bn |
| Geode Capital Management | 6.17 mm | $281.02 bn |
| PFG Principal Financial Group Inc - Registered Shares | 5.27 mm | $239.98 bn |
| IVZ Invesco | 5.04 mm | $229.72 bn |
| Mairs & Power | 4.69 mm | $213.75 bn |
| MS Morgan Stanley | 3.97 mm | $180.83 bn |
| ProShare Advisors | 3.66 mm | $166.83 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Mar 23 | Prado Becerra Jose Luis | Common Stock | Sell | Dispose S | No | No | 39.0139 | 5,200 | 202.87 k | 18,409.68 |
| 27 Mar 23 | Michael Paul Zechmeister | Common Stock | Grant | Acquire A | No | No | 38.97 | 4,106 | 160.01 k | 4,106 |
| 27 Mar 23 | Young Ray G | Common Stock | Grant | Acquire A | No | No | 38.97 | 4,106 | 160.01 k | 4,106 |
Press releases
HORMEL FOODS INTRODUCES ITS NEXT INSPIRED FAN - THE COMPANY AND ITS DINTY MOORE® BEEF STEW BRAND TEAM CELEBRATE NATIONAL AUTISM AWARENESS MONTH IN APRIL WITH POWERFUL STORY
30 Mar 23
On National PB&J Day, the Makers of SKIPPY® Brand Peanut Butter Solve Great Debate Spoon or Knife and Crust On or Crust Off
29 Mar 23
Hormel Foods Corporation Declares Quarterly Dividend
27 Mar 23
HORMEL FOODS ELECTS TWO NEW MEMBERS TO ITS BOARD OF DIRECTORS
27 Mar 23
Hormel Foods Provides Eight Elite Snacking Options as College Basketball Fans Get Ready for a Thrilling Weekend of Action
27 Mar 23