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HRL Hormel Foods

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
CEO
James Snee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HORMEL GEO A & CO
SEC CIK
IRS number
410319970

HRL stock data

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Calendar

1 Jun 21
31 Jul 21
31 Oct 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Oct 19 Oct 18 Oct 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.48B 1.48B 1.48B 1.48B 1.48B 1.48B
Cash burn (monthly) 89M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 283.37M n/a n/a n/a n/a n/a
Cash remaining 1.2B n/a n/a n/a n/a n/a
Runway (months of cash) 13.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jul 21 Lykken Steven J Common Stock Option exercise Aquire M No No 14.8 14,780 218.74K 20,176.005
6 Jul 21 Lykken Steven J Stock Options Common Stock Option exercise Dispose M No No 14.8 14,780 218.74K 0
1 Jul 21 Lykken Steven J Common Stock Sell Dispose S No No 47.6107 21,380 1.02M 5,396.005
1 Jul 21 Lykken Steven J Common Stock Sell Dispose S No No 47.6103 1,220 58.08K 26,776.005
1 Jul 21 Lykken Steven J Common Stock Option exercise Aquire M No No 14.8 1,220 18.06K 27,996.005
1 Jul 21 Lykken Steven J Stock Options Common Stock Option exercise Dispose M No No 14.8 1,220 18.06K 14,780
22 Jun 21 Terrell K Crews Common Stock Payment of exercise Dispose F No No 47.74 6,525 311.5K 109,539.006
22 Jun 21 Terrell K Crews Common Stock Option exercise Aquire M No No 14.485 13,200 191.2K 116,064.006
22 Jun 21 Terrell K Crews Stock Options Common Stock Option exercise Dispose M No No 14.485 13,200 191.2K 0
11 Jun 21 Nestegard Susan K Common Stock Payment of exercise Dispose F No No 48.78 3,920 191.22K 100,180.748

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

40.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 627 646 -2.9%
Opened positions 64 87 -26.4%
Closed positions 83 76 +9.2%
Increased positions 219 238 -8.0%
Reduced positions 239 227 +5.3%
13F shares
Current Prev Q Change
Total value 10.42B 10.71B -2.7%
Total shares 218.27M 229.82M -5.0%
Total puts 472.9K 904.2K -47.7%
Total calls 539.9K 977.5K -44.8%
Total put/call ratio 0.9 0.9 -5.3%
Largest owners
Shares Value Change
Vanguard 33.49M $1.6B +1.7%
BLK Blackrock 28.41M $1.36B -2.3%
STT State Street 26.47M $1.26B +1.6%
Capital International Investors 10.33M $493.53M +2.1%
Geode Capital Management 5.01M $238.92M +2.2%
PFG Principal Financial Group Inc - Registered Shares 4.65M $222.17M +1.9%
Mairs & Power 4.49M $214.31M +5.5%
APG Asset Management 4.29M $205.08M -4.0%
NTRS Northern Trust 3.92M $187.08M -0.9%
IVZ Invesco 3.91M $186.88M +3.7%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -2.81M EXIT
Champlain Investment Partners 2.71M +2.71M NEW
First Trust Advisors 1.54M -2.66M -63.2%
Renaissance Technologies 1.13M -1.58M -58.3%
WHG Westwood 5.92K -1.55M -99.6%
MCQEF Macquarie 29.97K -1.4M -97.9%
Aperio 0 -974.4K EXIT
BAC Bank Of America 724.26K -788.77K -52.1%
JHG Janus Henderson 736.85K -745.39K -50.3%
TD Asset Management 1.08M +737.28K +213.5%

Financial report summary

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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 Company aligned all deli businesses, including the Jennie-O Turkey Store deli division, into Hormel Deli Solutions reporting 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 these changes. 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
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: acquisiton, agent, benchmark, benchmarked, BofA, Chase, component, court, demonstrated, detail, disciplined, district, exceed, exceeded, exhibited, explore, exposed, Fargo, Fontanini, inflationary, Italian, JPMorgan, lender, lending, leverage, loan, locked, mark, notional, outlined, pay, pizza, redirect, satisfaction, separate, sequentially, single, slight, slightly, steep, swingline, Syndication, tenor, thereto, thirty, tree, uncommitted, underwriting, Wholly
Removed: butter, center, peanut, shift, skippy, SPAM