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Hormel Foods (HRL)

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
NYSE
Website
www.hormelfoods.com
CEO
Jeffrey Ettinger
Employees
Incorporated
Delaware
Location
Minnesota
Fiscal year end
Oct 30
Sector
Manufacturing > Animal (except Poultry) Slaughtering
Industry (SIC)
Meat Packing Plants
Bit Origin • JBS Usa Holding Lux S.a R.L. • BRF ...
Former names
HORMEL GEO A & CO
SEC CIK
0000048465
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. • Castelmassa Participação S.A. ...
IRS number
410319970

HRL stock data

News

From Benzinga Pro
Peering Into Hormel Foods Recent Short Interest
11 Aug 22
Tyson Foods (TSN) Q3 Earnings And Revenues Surpass Estimates
8 Aug 22
Tyson Foods (NYSE: TSN) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $2.70 per share a year ago. These figures are adjusted for non-recurring items.
$100 Invested In Hormel Foods 15 Years Ago Would Be Worth This Much Today
1 Aug 22
Hormel Foods (NYSE:HRL) has outperformed the market over the past 15 years by 5.38% on an annualized basis producing an average annual return of 12.45%. Currently, Hormel Foods has a market capitalization of $27.08 billion.
This Foreboding Sign Looms Over Hormel Foods's Chart
25 Jul 22
$100 Invested In Hormel Foods 20 Years Ago Would Be Worth This Much Today
13 Jul 22

Press releases

From Benzinga Pro
Hormel Foods Announces New Strategic Operating Model
9 Aug 22
Company transitioning to three operating segments to drive sustainable growth AUSTIN, Minn., Aug. 9, 2022 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced a
The Makers of the CORN NUTS® Brand Search to Find the Crunchiest Crunch with Musical Artist Sammy Arriaga
26 Jul 22
Help Us Find the Official Crunch of the Corn Nuts® Brand CHICAGO, July 26, 2022 /PRNewswire/ -- Get ready to crunch along at every pit stop. The makers of the CORN NUTS® brand and musical artist Sammy Arriaga
Hormel Foods Named to Selling Power's 50 Best Companies to Sell For List in 2022
13 Jul 22
AUSTIN, Minn., July 13, 2022 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, is pleased to announce that it has ranked No. 15 on the Selling Power 50 Best Companies to Sell
BELOVED SPAM® BRAND CELEBRATES 85TH BIRTHDAY
5 Jul 22
Hormel Foods Details Changing Culinary Landscape in America
30 Jun 22

Calendar

2 Jun 22
20 Aug 22
30 Oct 22

Financial summary

Financial statements Chart HRL financial data
Quarter (USD) May 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Oct 19 Oct 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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) 861.72M 861.72M 861.72M 861.72M 861.72M 861.72M
Cash burn (monthly) (no burn) 51.9M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 189.58M n/a n/a n/a n/a
Cash remaining n/a 672.14M n/a n/a n/a n/a
Runway (months of cash) n/a 13.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

HRL insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jun 22 Policinski Christopher J. Common Stock Sell Dispose S No No 46.2715 2,110 97.63K 85,254.136
23 Jun 22 Policinski Christopher J. Common Stock Option exercise Acquire M No No 14.62 6,600 96.49K 87,364.136
23 Jun 22 Policinski Christopher J. Stock Options Common Stock Option exercise Dispose M No No 14.62 6,600 96.49K 0
7 Jun 22 Paul R Kuehneman Common Stock Grant Acquire A No No 0 344 0 3,595.452
7 Jun 22 Paul R Kuehneman Stock Options Common Stock Grant Acquire A No No 45.63 1,700 77.57K 1,700
7 Jun 22 Kevin L Myers Common Stock Sell Dispose S No No 45.0667 5,000 225.33K 32,868.754
7 Jun 22 Kevin L Myers Common Stock Option exercise Acquire M No No 22.99 5,000 114.95K 37,868.75
7 Jun 22 Kevin L Myers Stock Options Common Stock Option exercise Dispose M No No 22.99 5,000 114.95K 15,400
2 May 22 Swen Neufeldt Common Stock Sell Dispose S Yes No 51.82 959.552 49.72K 0
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

HRL institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 643 664 -3.2%
Opened positions 61 74 -17.6%
Closed positions 82 61 +34.4%
Increased positions 229 216 +6.0%
Reduced positions 226 254 -11.0%
13F shares Current Prev Q Change
Total value 10.09B 11.18B -9.8%
Total shares 212.94M 219.8M -3.1%
Total puts 1.01M 470.2K +113.8%
Total calls 932.8K 1.02M -9.0%
Total put/call ratio 1.1 0.5 +134.8%
Largest owners Shares Value Change
Vanguard 34.3M $1.62B +2.4%
BLK Blackrock 29.22M $1.38B +2.5%
STT State Street 27M $1.28B -2.8%
Capital International Investors 12.05M $570.95M -5.0%
PFG Principal Financial Group Inc - Registered Shares 5.94M $281.23M +5.0%
Geode Capital Management 5.94M $280.96M +4.8%
Mairs & Power 4.77M $225.91M -5.0%
IVZ Invesco 4.5M $212.92M +3.5%
ProShare Advisors 3.17M $150.19M -1.9%
NTRS Northern Trust 3.16M $149.77M -3.9%
Largest transactions Shares Bought/sold Change
LGEN Legal & General 0 -2.41M EXIT
CFS Investment Advisory Services 31.35K -1.75M -98.2%
Parametric Portfolio Associates 0 -1.48M EXIT
MS Morgan Stanley 3.03M +1.17M +62.9%
GQG Partners 0 -1.12M EXIT
Verity Asset Management 0 -977.24K EXIT
Balyasny Asset Management 1.16M +942.44K +434.6%
Vanguard 34.3M +802.93K +2.4%
Champlain Investment Partners 2.63M -771.96K -22.7%
STT State Street 27M -763.8K -2.8%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
Campbell Soup • Conagra Brands • General Mills • Tyson Foods • Treehouse Foods
Management Discussion
  • Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: announced, challenged, confirmed, conflict, cybersecurity, deemed, Dubuque, escalation, exercise, exercised, fallback, family, floating, fulfill, heighten, heightened, invoice, Iowa, loading, low, military, Minnesota, monitor, oil, Overnight, pantry, persistent, pressure, published, Russia, seasonal, SKIPPY, SOFR, Ukraine, usage, vertically, Wisconsin
Removed: absorbed, assumption, dollar, domestic, ensure, extent, fluctuate, fluctuation, largely, lesser, natural, overcame, pose, primal, primary, produce, proportional, quality, saving, sequentially, settlement, steady, thirteen, weakening
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
2 Jun 22
10-Q
2022 Q1
Quarterly report
8 Mar 22
10-K
2021 FY
Annual report
10 Dec 21
10-Q
2021 Q3
Quarterly report
3 Sep 21
10-Q
2021 Q2
Quarterly report
1 Jun 21
10-Q
2021 Q1
Quarterly report
2 Mar 21
10-K
2020 FY
Annual report
4 Dec 20
10-Q
2020 Q3
Quarterly report
1 Sep 20
10-Q
2020 Q2
Quarterly report
2 Jun 20
10-Q
2020 Q1
Quarterly report
3 Mar 20
Current reports
View all
8-K
Hormel Foods Reports Record Sales and Double-digit Earnings Growth In the Second Quarter
2 Jun 22
8-K
Hormel Foods Reports Record First Quarter Sales and Reaffirms Full Year Sales and Earnings Guidance
1 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
27 Jan 22
8-K
Departure of Directors or Certain Officers
27 Jan 22
8-K
Hormel Foods Reports Record Fourth Quarter Sales and Earnings with Double-digit Sales Growth from Every Segment
9 Dec 21
8-K/A
Departure of Directors or Certain Officers
2 Dec 21
8-K
Departure of Directors or Certain Officers
29 Oct 21
8-K
Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range
2 Sep 21
8-K/A
Financial Statements and Exhibits
23 Aug 21
8-K
Hormel Foods Announces Closing of Acquisition of Planters® Snacking Business
7 Jun 21
Registration and prospectus
View all
424B2
Prospectus for primary offering
26 May 21
FWP
Free writing prospectus
25 May 21
424B5
Prospectus supplement for primary offering
25 May 21
424B2
Prospectus for primary offering
5 Jun 20
FWP
Free writing prospectus
4 Jun 20
424B5
Prospectus supplement for primary offering
4 Jun 20
S-3ASR
Automatic shelf registration
4 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Feb 18
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Feb 18
S-8
Registration of securities for employees
30 Jan 18
Proxies
View all
PX14A6G
Letter to shareholders
6 Jan 22
DEFA14A
Additional proxy soliciting materials
15 Dec 21
DEF 14A
Definitive proxy
15 Dec 21
DEFA14A
Additional proxy soliciting materials
16 Dec 20
DEF 14A
Definitive proxy
16 Dec 20
DEFA14A
Additional proxy soliciting materials
18 Dec 19
DEF 14A
Definitive proxy
18 Dec 19
DEFA14A
Additional proxy soliciting materials
19 Dec 18
DEF 14A
Definitive proxy
19 Dec 18
DEF 14A
Definitive proxy
19 Dec 17
Other
View all
NO ACT
No action letter
30 Oct 16
NO ACT
No action letter
25 Oct 16
UPLOAD
Letter from SEC
19 Feb 15
CORRESP
Correspondence with SEC
28 Jan 15
UPLOAD
Letter from SEC
15 Jan 15
UPLOAD
Letter from SEC
24 Feb 13
CORRESP
Correspondence with SEC
14 Feb 13
UPLOAD
Letter from SEC
5 Feb 13
UPLOAD
Letter from SEC
28 Feb 12
CORRESP
Correspondence with SEC
21 Feb 12
Ownership
View all
3
HORMEL FOODS / Florence Makope ownership change
2 Aug 22
4
HORMEL FOODS / Christopher J. Policinski ownership change
27 Jun 22
4
HORMEL FOODS / Kevin L Myers ownership change
9 Jun 22
4
HORMEL FOODS / Paul R Kuehneman ownership change
9 Jun 22
4
HORMEL FOODS / Swen Neufeldt ownership change
4 May 22
11-K
Annual report of employee stock purchases
21 Apr 22
11-K
Annual report of employee stock purchases
21 Apr 22
11-K
Annual report of employee stock purchases
21 Apr 22
11-K
Annual report of employee stock purchases
21 Apr 22
4
HORMEL FOODS / William A Newlands ownership change
4 Apr 22

Patents

Utility
Microwaveable Packaged Food Product
30 Dec 21
A package containing nuts and suitable for microwave heating is described herein.
Utility
Method of producing bacteria reduced raw, fresh, ground meat products
28 Dec 20
A method of producing bacteria reduced raw, fresh, ground meat products comprises obtaining a first portion of meat and a second portion of meat.

Transcripts

View all
2022 Q2
Earnings call transcript
2 Jun 22
2022 Q1
Earnings call transcript
1 Mar 22
2021 Q4
Earnings call transcript
9 Dec 21
2021 Q3
Earnings call transcript
2 Sep 21
2021 Q2
Earnings call transcript
20 May 21
2021 Q1
Earnings call transcript
18 Feb 21
2020 Q4
Earnings call transcript
24 Nov 20
2020 Q3
Earnings call transcript
25 Aug 20
2020 Q2
Earnings call transcript
21 May 20
2020 Q1
Earnings call transcript
20 Feb 20

Reddit threads

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