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
Website
CEO
James P. Snee
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
China Xiangtai Food • BRF ...
Former names
Hormel Geo A & Co
SEC CIK
Corporate docs
IRS number
410319970
HRL stock data
()
Calendar
2 Jun 20
2 Jul 20
25 Oct 20
News
Company financial data Financial data
| Quarter (USD) | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|
| Revenue | 2.42B | 2.38B | 2.5B | 2.29B | |
| Net income | 227.62M | 242.95M | 255.57M | 199.43M | |
| Diluted EPS | 0.42 | 0.45 | 0.47 | 0.37 | |
| Net profit margin | 9.40% | 10.19% | 10.22% | 8.71% | |
| Operating income | 293.46M | 280.49M | 321M | 256.66M | |
| Net change in cash | -118.35M | 51.52M | 112.7M | -79.13M | |
| Cash on hand | 606.07M | 724.42M | 672.9M | 560.2M | |
| Cost of revenue | 1.95B | 1.92B | 2.01B | 1.86B |
| Annual (USD) | Oct 19 | Oct 18 | Oct 17 | Oct 16 | |
|---|---|---|---|---|---|
| Revenue | 9.5B | 9.55B | 9.17B | 9.52B | |
| Net income | 979.15M | 1.01B | 847.1M | 890.52M | |
| Diluted EPS | 1.8 | 1.86 | 1.57 | 1.64 | |
| Net profit margin | 10.31% | 10.61% | 9.24% | 9.35% | |
| Operating income | 1.2B | 1.18B | 1.28B | 1.32B | |
| Net change in cash | 213.77M | 15.01M | 28.98M | 67.9M | |
| Cash on hand | 672.9M | 459.14M | 444.12M | 415.14M | |
| Cost of revenue | 7.61B | 7.57B | 7.17B | 7.37B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 22 Jun 20 | Leitch Glenn R | Common Stock | Sell | Dispose S | 48.459 | 51,796 | 2.51M | 104,930.857 |
| 22 Jun 20 | Leitch Glenn R | Common Stock | Option exercise | Aquire M | 14.8 | 80,000 | 1.18M | 156,726.857 |
| 22 Jun 20 | Leitch Glenn R | Stock Options Common Stock | Option exercise | Dispose M | 14.8 | 80,000 | 1.18M | 0 |
| 19 Jun 20 | Murano Elsa A | Common Stock | Sell | Dispose S | 48.8094 | 5,300 | 258.69K | 94,621 |
| 10 Jun 20 | Nestegard Susan K | Common Stock | Sell | Dispose S | 48.2117 | 3,445 | 166.09K | 103,576.748 |
| 10 Jun 20 | Nestegard Susan K | Common Stock | Option exercise | Aquire M | 12.42 | 13,200 | 163.94K | 107,021.748 |
| 10 Jun 20 | Nestegard Susan K | Stock Options Common Stock | Option exercise | Dispose M | 12.42 | 13,200 | 163.94K | 0 |
| 8 Jun 20 | Splinter James M | Common Stock | Sell | Dispose S | 47.5321 | 40,000 | 1.9M | 121,915.812 |
| 8 Jun 20 | Splinter James M | Common Stock | Option exercise | Aquire M | 12.48 | 40,000 | 499.2K | 161,915.812 |
| 8 Jun 20 | Splinter James M | Stock Options Common Stock | Option exercise | Dispose M | 12.48 | 40,000 | 499.2K | 0 |
Institutional ownership Q1 2020
42.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 604 |
| Opened positions | 76 |
| Closed positions | 81 |
| Increased positions | 209 |
| Reduced positions | 221 |
13F shares |
Current |
|---|---|
| Total value | 143.22B |
| Total shares | 231.3M |
| Total puts | 548.3K |
| Total calls | 990.4K |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 35.55M | $1.66B |
| BLK BlackRock | 29.83M | $1.39B |
| STT State Street | 28.22M | $1.32B |
| Capital International Investors | 13.52M | $630.67M |
| Capital Research Global Investors | 8.33M | $388.64M |
| Geode Capital Management | 4.63M | $215.71M |
| Mairs & Power | 4.32M | $201.4M |
| IVZ Invesco | 4.31M | $201.06M |
| PFG Principal Financial | 4.21M | $196.34M |
| NTRS Northern Trust | 3.55M | $165.7M |
Financial report summary
?Competition
Campbell Soup • Conagra Brands • General Mills • Smithfield Foods • Tyson Foods • Cargill • Conagra Brands • Michael Foods • TreeHouse Foods • AdvancePierre FoodsManagement 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
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H.S. freshman Avg
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New words:
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Removed:
agreement, anticipate, Fontanini, foreseeable, ground, Herdez, issuer, led, priority
Financial reports
10-Q
2020 Q2
Quarterly report
2 Jun 20
10-Q
2020 Q1
Quarterly report
3 Mar 20
10-K
2019 FY
Annual report
6 Dec 19
10-Q
2019 Q3
Quarterly report
3 Sep 19
10-Q
2019 Q2
Quarterly report
4 Jun 19
10-Q
2019 Q1
Quarterly report
5 Mar 19
10-K
2018 FY
Annual report
7 Dec 18
10-Q
2018 Q3
Quarterly report
7 Sep 18
10-Q
2018 Q2
Quarterly report
8 Jun 18
10-Q
2018 Q1
Quarterly report
9 Mar 18
Current reports
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
11 Jun 20
8-K
Hormel Foods Announces Retirement
11 Jun 20
8-K
Entry into a Material Definitive Agreement
10 Jun 20
8-K
Hormel Foods Reports Second Quarter Results
21 May 20
8-K
Hormel Foods Reports First Quarter Results
20 Feb 20
8-K
Submission of Matters to a Vote of Security Holders
30 Jan 20
8-K
Hormel Foods Reports Fourth Quarter and Fiscal 2019 Earnings; Provides Fiscal 2020 Outlook
26 Nov 19
8-K
Prama Bhatt Elected to Hormel Foods Board of Directors
25 Nov 19
8-K
Hormel Foods Announces the Retirement of Tom Day, Executive Vice President, Refrigerated Foods
25 Oct 19
8-K
Regulation FD Disclosure
10 Oct 19
Registration and prospectus
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)
21 Feb 18
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Feb 18
S-8
Registration of securities for employees
31 Jan 18
S-3ASR
Automatic shelf registration
2 May 17
S-8 POS
Registration of securities for employees (post-effective amendment)
14 Apr 17
S-3ASR
Automatic shelf registration
13 May 14
Proxies
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
20 Dec 17
DEF 14A
Definitive proxy
21 Dec 16
DEF 14A
Definitive proxy
16 Dec 15
PRE 14A
Preliminary proxy
4 Dec 15
PX14A6G
Letter to shareholders
12 Jan 15
DEF 14A
Definitive proxy
17 Dec 14
Other
NO ACT
No action letter
31 Oct 16
NO ACT
No action letter
26 Oct 16
UPLOAD
Letter from SEC
20 Feb 15
CORRESP
Correspondence with SEC
29 Jan 15
UPLOAD
Letter from SEC
16 Jan 15
UPLOAD
Letter from SEC
25 Feb 13
CORRESP
Correspondence with SEC
15 Feb 13
UPLOAD
Letter from SEC
6 Feb 13
UPLOAD
Letter from SEC
29 Feb 12
CORRESP
Correspondence with SEC
22 Feb 12
Ownership
3
HORMEL FOODS / Swen Neufeldt ownership change
1 Jul 20
4
HORMEL FOODS / Glenn R Leitch ownership change
24 Jun 20
4
HORMEL FOODS / Elsa A Murano ownership change
23 Jun 20
4
HORMEL FOODS / SUSAN K NESTEGARD ownership change
11 Jun 20
4
HORMEL FOODS / JAMES M SPLINTER ownership change
10 Jun 20
4
HORMEL FOODS / Lori J Marco ownership change
10 Jun 20
4
HORMEL FOODS / Lori J Marco ownership change
10 Apr 20
4
HORMEL FOODS / STEVEN J LYKKEN ownership change
10 Apr 20
4
HORMEL FOODS / JANA L HAYNES ownership change
8 Apr 20
4
HORMEL FOODS / THOMAS R DAY ownership change
7 Apr 20