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Hormel Foods Corp (NYSE:HRL)

61.10
Delayed Data
As of Aug 31
 -0.40 / -0.65%
Today’s Change
49.62
Today|||52-Week Range
64.13
+17.27%
Year-to-Date
SECTOR
Consumer Non-Durables
INDUSTRY
Food: Meat/Fish/Dairy
MARKET CAP
$16.3B

Company Description

Hormel Foods Corp. engages in the production of a variety of meat and food products and the marketing of those products throughout the U.S. and internationally. The company markets its products through Hormel Foods International Corp., a wholly owned subsidiary. It operates business through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold predominantly in the retail market. The Refrigerated Foods segment includes the Hormel Refrigerated operating segment and the Affiliated Business Units. This segment consists primarily of the processing, marketing, and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers. The Jennie-O Turkey Store segment consists primarily of the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers. The Specialty Foods segment includes the Diamond Crystal brands, Century Foods International, and Hormel Specialty Products operating segments. This segment consists of the packaging and sale of various sugar and sugar substitute products, salt and pepper products, liquid portion products, dessert mixes, ready-to-drink products, sports nutrition products, gelatin products, and private label canned meats to retail and foodservice customers. The All Other segment includes the Hormel Foods International operating segment, which manufactures, markets, and sells company products internationally. This segment also includes the results from the company's international joint ventures and miscellaneous corporate sales. Hormel Foods was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Contact Information

Hormel Foods Corp.
1 Hormel Place
Austin Minnesota 55912-3680
P:(507) 437-5611
Investor Relations:
(507) 437-5248

Employees

Shareholders

Individual stakeholders50.31%
Mutual fund holders17.59%
Other institutional15.91%

Top Executives

Jeffrey M. EttingerChairman, President & Chief Executive Officer
Jody H. FeragenChief Financial Officer, Director & Executive VP
Mark D. VaupelVice President-Information Technology Services
Kevin L. MyersVice President-Research & Development
Steven G. BinderExecutive VP & President-Hormel Business Units