Hormel Foods Overview

  • Year Founded
  • 1891

Year Founded

  • Status
  • Public

  • Employees
  • 20,000

Employees

  • Stock Symbol
  • HRL

Stock Symbol

  • Investments
  • 28

  • Share Price
  • $31.36
  • (As of Tuesday Closing)

Hormel Foods General Information

Description

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (64% of fiscal 2023 sales), US food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Contact Information

Formerly Known As
Geo A. Hormel & Company, Geo. A. Hormel & Company., Hormel Geo A & Co
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Food Products
Stock Exchange
NYS
Corporate Office
  • 1 Hormel Place
  • Austin, MN 55912
  • United States
+1 (507) 000-0000

Hormel Foods Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Hormel Foods Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$31.36 $30.55 $28.51 - $41.73 $17.2B 548M 2.4M $1.41

Hormel Foods Financials Summary

In Thousands,
USD
TTM 30-Apr-2024 FY 2023 31-Oct-2023 FY 2022 31-Oct-2022 FY 2021 31-Oct-2021
EV 21,809,508 20,413,373 27,810,587 25,981,713
Revenue 12,045,642 12,110,010 12,458,806 11,386,189
EBITDA 1,281,319 1,325,357 1,548,491 1,331,908
Net Income 766,754 793,572 999,987 908,839
Total Assets 14,135,373 13,448,772 13,306,919 12,696,329
Total Debt 3,809,896 3,309,248 3,299,345 3,323,903
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Hormel Foods Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Hormel Foods‘s full profile, request access.

Request a free trial

Hormel Foods Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded foo
Food Products
Austin, MN
20,000 As of 2023
00000
000000000 00 00000

000 00

labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitatio
0000 00000000
Hershey, PA
00000 As of 0000
00.00
000000000 00 00.00

000000

ipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua
0000 00000000
Minneapolis, MN
00000 As of 0000
00.000
000000000 00 00.000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Hormel Foods Competitors (66)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
The Hershey Corporation Hershey, PA 00000 00.00 000000000 00 00.00
General Mills (Food Products) Corporation Minneapolis, MN 00000 00.000 000000000 00 00.000
Treehouse Foods Corporation Oak Brook, IL 0000 00.00 000000000 00.00
The J.M. Smucker Co Corporation Orrville, OH 0000 00.000 000000000 - 00.000
Saputo Corporation Montreal, Canada 00000 00000 000000000 00000
You’re viewing 5 of 66 competitors. Get the full list »

Hormel Foods Patents

Hormel Foods Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20200138069-A1 Coated snacks Pending 01-Nov-2018 000000000
US-20210403222-A1 Microwaveable packaged food product Inactive 28-Jun-2017 00000000000 0
US-20200115139-A1 Microwaveable packaged food product Inactive 28-Jun-2017 00000000000
CA-3068300-A1 Microwaveable packaged food product Inactive 28-Jun-2017 00000000000
US-20190002183-A1 Microwaveable packaged food product Inactive 28-Jun-2017 B65D81/3461 00
To view Hormel Foods’s complete patent history, request access »

Hormel Foods Executive Team (44)

Name Title Board Seat Contact Info
James Snee Chairman of the Board, President and Chief Executive Officer
Jacinth Smiley Executive Vice President and Chief Financial Officer
James Sheehan Vice President & Controller
Paul Kuehneman Vice President and Controller, Finance
Pierre Lilly Senior Vice President & Chief Compliance Officer, Legal
You’re viewing 5 of 44 executive team members. Get the full list »

Hormel Foods Board Members (16)

Name Representing Role Since
00000000000 000000 Self Board Member 000 0000
0000 000000 00.0 Self Board Member 000 0000
0000 00000000 Self Board Member 000 0000
00000 0000 Hormel Foods Chairman of the Board, President and Chief Executive Officer 000 0000
0000000 0000000000 Self Board Member 000 0000
You’re viewing 5 of 16 board members. Get the full list »

Hormel Foods Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Hormel Foods Investments & Acquisitions (28)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Garudafood Putra Putri Jaya 15-Dec-2022 000000000 Food Products 000 00000
Tudung Putra Putri Jaya 15-Dec-2022 0000000000 Food Products 00000 000
Kraft Heinz (Planters Peanuts & Snacks Business) 07-Jun-2021 0000000000 00.00 Food Products 00000 000
Planters 07-Jun-2021 0000000000 00.00 Food Products 00000 000
Sadler's Smokehouse 02-Mar-2020 Merger/Acquisition 00000 Food Products 00000 000
You’re viewing 5 of 28 investments and acquisitions. Get the full list »

Hormel Foods Subsidiaries (12)

Company Name Industry Location Founded
Hormel Foods Asia Pacific Food Products Singapore, Singapore 2017
Tudung Putra Putri Jaya Food Products South Jakarta, Indonesia 0000
Justin's Food Products Boulder, CO 0000
Hormel Foods Master Defined Benefit Trust Corporate Pension Austin, MN 0000
Cytosport Other Consumer Non-Durables Walnut Creek, CA 0000
You’re viewing 5 of 12 subsidiaries. Get the full list »

Hormel Foods ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

26.86 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,216

Rank

00.00

Percentile

Food Products

Industry

00 of 646

Rank

00.00

Percentile

Packaged Foods

Subindustry

00 of 376

Rank

00.00

Percentile

To view Hormel Foods’s complete esg history, request access »

Hormel Foods Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
Cytosport 12-Aug-2014 000000000000000000 00000 Completed
  • 000000 00000
Clougherty Packing 30-Dec-2004 000000000000000000 00000 Completed
  • 000000 00000
DYMA Brands 30-Dec-2002 Merger/Acquisition 00000 Completed
To view Hormel Foods’s complete exits history, request access »

Hormel Foods FAQs

  • When was Hormel Foods founded?

    Hormel Foods was founded in 1891.

  • Who is the CEO of Hormel Foods?

    James Snee is the CEO of Hormel Foods.

  • Where is Hormel Foods headquartered?

    Hormel Foods is headquartered in Austin, MN.

  • What is the size of Hormel Foods?

    Hormel Foods has 20,000 total employees.

  • What industry is Hormel Foods in?

    Hormel Foods’s primary industry is Food Products.

  • Is Hormel Foods a private or public company?

    Hormel Foods is a Public company.

  • What is Hormel Foods’s stock symbol?

    The ticker symbol for Hormel Foods is HRL.

  • What is the current stock price of Hormel Foods?

    As of 16-Jul-2024 the stock price of Hormel Foods is $31.36.

  • What is the current market cap of Hormel Foods?

    The current market capitalization of Hormel Foods is $17.2B.

  • What is Hormel Foods’s current revenue?

    The trailing twelve month revenue for Hormel Foods is $12B.

  • Who are Hormel Foods’s competitors?

    The Hershey, General Mills (Food Products), Treehouse Foods, The J.M. Smucker Co, and Saputo are some of the 66 competitors of Hormel Foods.

  • What is Hormel Foods’s annual earnings per share (EPS)?

    Hormel Foods’s EPS for 12 months was $1.41.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »