HRL Hormel Foods Corp.

Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment comprises Hormel Foods International which manufactures, markets, and sells Company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Company profile

Ticker

HRL

Exchange

NYSE

Website

www.hormelfoods.com

CEO

James P. Snee

Incorporated in

Delaware

Location

Minnesota

Fiscal year end

Oct 25

Sector

Consumer Non-Durables > Food: Meat/Fish/Dairy

Industry (SEC)

Meat Packing Plants

China Xiangtai Food • BRF ...

Former names

Hormel Geo A & Co

SEC CIK

0000048465

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410319970

HRL stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart HRL financial data

Quarter (USD)	Jan 20	Oct 19	Jul 19	Apr 19
Revenue	2.38B	2.5B	2.29B	2.34B
Net income	242.87M	255.5M	199.45M	282.43M
Diluted EPS	0.45	0.47	0.37	0.52
Net profit margin	10.19%	10.21%	8.71%	12.05%
Operating income	280.49M	321M	256.66M	312.36M
Net change in cash	51.52M	112.7M	-79.13M	126.64M
Cash on hand	724.42M	672.9M	560.2M	639.33M
Cost of revenue	1.92B	2.01B	1.86B	1.88B

Financial data from company earnings reports

Recent insider trades

HRL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
2 Apr 20	Marconi Luis G	Common Stock	Sell	Dispose S	47.5793	11,900	566.19K	24,775.301
2 Apr 20	Marconi Luis G	Common Stock	Option exercise	Aquire M	33.31	11,900	396.39K	36,675.301
2 Apr 20	Marconi Luis G	Stock Options Common Stock	Option exercise	Dispose M	33.31	11,900	396.39K	8,275
31 Mar 20	Prado Becerra Jose Luis	Common Stock	Grant	Aquire A	46.64	1,013.08	47.25K	8,017.08
31 Mar 20	Newlands William A	Common Stock	Grant	Aquire A	46.64	548.75	25.59K	9,991.83
31 Mar 20	Smith Sally J	Common Stock	Grant	Aquire A	46.64	1,266.35	59.06K	44,188.225
31 Mar 20	White Steven Andrew	Common Stock	Grant	Aquire A	46.64	1,041.22	48.56K	44,247.58

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2019

HRL institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	600	565	+6.2%
Opened positions	85	62	+37.1%
Closed positions	50	44	+13.6%
Increased positions	220	228	-3.5%
Reduced positions	188	167	+12.6%

13F shares	Current	Prev Q	Change
Total value	151.06B	119.38B	+26.5%
Total shares	242.55M	233.52M	+3.9%
Total puts	2.05M	1.64M	+24.6%
Total calls	954.3K	787.8K	+21.1%
Total put/call ratio	2.1	2.1	+2.8%

Largest owners	Shares	Value	Change
Vanguard	34.61M	$1.56B	+0.7%
BLK BlackRock	30.09M	$1.36B	+12.3%
STT State Street	28.79M	$1.3B	-0.9%
Capital Research Global Investors	14.18M	$639.51M	+1.1%
Capital International Investors	11.02M	$496.93M	+0.1%
Mairs & Power	5.4M	$243.46M	-2.4%
Geode Capital Management	4.55M	$205.03M	+4.0%
PFG Principal Financial	4.45M	$200.91M	+4.6%
IVZ Invesco	4.44M	$200.4M	-14.8%
NTRS Northern Trust	3.53M	$159.41M	-4.0%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	30.09M	+3.3M	+12.3%
Norges Bank	2.67M	+2.67M	NEW
Unigestion Holding	0	-1.39M	EXIT
Champlain Investment Partners	1.89M	-1.19M	-38.6%
Bridgeway Capital Management	1.25M	+858K	+220.2%
JHG Janus Henderson	1.23M	-855.73K	-41.0%
Aqr Capital Management	2.7M	+799.39K	+42.0%
IVZ Invesco	4.44M	-770.37K	-14.8%
Ensign Peak Advisors	746.44K	+746.44K	NEW
C Citigroup	806.55K	+723.14K	+866.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Campbell Soup • Conagra Brands • General Mills • Smithfield Foods • Tyson Foods • Cargill • Conagra Brands • Michael Foods • TreeHouse Foods • AdvancePierre Foods

Management Discussion

The Company is a processor of branded and unbranded food products for retail, foodservice, deli, and commercial customers. At the beginning of fiscal 2019, the Hormel Deli Solutions division combined all deli businesses, including the Jennie-O Turkey Store deli division, into one division within the Refrigerated Foods segment. In addition, the ingredients business was realigned from the Grocery Products segment to the Refrigerated Foods segment. Periods presented herein have been recast to reflect this change. Periods presented have also been adjusted due to the adoption of Accounting Standards Update (ASU) 2017-07, Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (Topic 715). See Note A - Summary of Significant Accounting Policies for more information.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2020 Q1