Hormel Foods Corporation

Hormel Foods Corporation

Hormel Foods Corporation

Overview
Date Founded

1891

Headquarters

1 Hormel Place, Austin, MN, 55912-3680, USA

Type of Company

Public

Employees (Worldwide)

20.2K

Industries

Livestock & Animals
Industrial Machinery & Manufacturing
Food

Company Description

Our founder, George A. Hormel held a strong commitment to quality, which was based on providing his customers a superior product that would keep them coming back for more. This vision is kept alive with products that retain the quality and flavor of the first products he offered. Today, our innovative products are a flavorful part of breakfast, lunch, dinner, snacks and party solutions—all created with convenience in mind to accommodate the busy schedule of you and your family. From the beginning, George was concerned about waste and cleanliness in the process of making great food products. In keeping with his high standards, Hormel Foods has been recognized for quality, safety and employee training. As a responsible steward of the environment, we have set goals to reduce the impact we have on the environment we all share. In addition,Hormel Foods is active through the Hormel Foods Charitable Trust, which focuses its community giving on education, hunger and health. We invite you to become more familiar with the diverse array of wholesome and great-tasting foods that are part of the Hormel brand—as relevant, delicious and high-quality as ever.

Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Chief Financial Officer, Chief Accounting Officer & Senior Vice President

Senior Vice President, External Affairs & General Counsel

Executive Vice President & President, Hormel Business Units

Vice President & Controller

Purchasing Director

Vice President Treasurer

Executive Vice President, Refrigerated Foods

Executive Vice President Supply Chain

Vice President Senior Vice President, Consumer Product Sales

Subscribe now to see full list of current and former executives
Board of Directors

Chairman of the Board, President & Chief Executive Officer at Hormel Foods Corporation

Executive Chairman at Meredith Corp.

President, Chief Executive Officer & Director at CNO Financial Group, Inc.

President & Chief Executive Officer at Land O'Lakes, Inc.

Operating Partner at Main Street Resources LLC

Chief Accounting Officer, Vice President & Controller at NextEra Energy, Inc.

Former Chief Executive Officer & President at Buffalo Wild Wings, Inc.

Former Senior Vice President-Research, Development & Engineering & Chief Technical Officer at Ecolab, Inc.

Co-Founder at Goldner Hawn Johnson & Morrison, Inc.

Former Chair at Mayo Clinic - Methodist Hospital (Formerly Rochester Methodist Hospital)

Subscribe now to see full list of current and former board members
Paths to Hormel Foods Corporation
Potential Connections via
Relationship Science
You
Hormel Foods Corporation
Owners & Shareholders
Details Hidden

VIAM is a an active, value-oriented manager which invests exclusively in high-grade equity in established markets, avoiding indebted companies. Their investment philosophy revolves around exploiting market inefficiencies. They believe that market price fluctuations in sectors, lines of business and individual stocks are caused by the evolution of pricing models within the investment industry.The firm selects stock based on a conservative valuation of individual companies, seeking to identify companies with understandable businesses, long-term earnings power, strong balance sheets, reliable management and stability of historic results. Investments are based on the firm's fair value calculation based on earnings power and low net debts relative to their earnings stability.

Details Hidden

Fairpointe Capital manages equity portfolios for clients. The firm looks for companies with compelling business models, financial strength, experienced management, and attractive valuation. The Mid-Cap strategy employs a fundamental bottom-up, valuation-based process to select companies that they believe are inefficiently priced relative to their earnings growth outlook over the next three to five years. Fairpointe has a preference for companies with products or services that make their customers more efficient or profitable, and are critical to their customers' success. The Focused Equity strategy employs a disciplined, fundamental, bottom-up valuation-based approach to investing while seeking to select companies that are inefficiently priced relative to their fundamental value, earnings growth outlook and cash flow generationover the next three to five years. Security selection is based on identifying companies with a catalyst for change, strong or improving financial metrics and prior management success. Fairpointe primarily invests in domestic equities and ADRs. If fixed income exposure is required by the client, Fairpointe typically invests in bond funds, corporate bonds, and treasuries. ^

Details Hidden

Westwood Management Corp. (WMC) Westwood utilizes a value style of investing and selects investments they believe are currently In selecting investments, the firm considers the risk/return profile of an investment and whether it may include an improving return on equity, a declining debt/equity ratio and, in the case of common equities, positive earnings surprises without a corresponding increase in Wall Street estimates. The equity securities in which WMC invests are primarily common stocks, but may also include shares of ETFs, REITs, royalty trusts, preferred stock and MLPs. Their fixed-income investments are generally of investment grade, but may, at times, include securities rated below-investment-grade. In addition, the fixed-income securities may include unrated securities, if deemed by the firm to be of comparable quality to investment grade. The convertible securities that WMC invests in may include corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into common stock or other securities, such as warrants or options. WMC's Absolute Return Strategy may invest in futures, options, swap contracts, swaptions, forward foreign currency exchange contracts, foreign exchange options and credit default swaps, whether exchange-listed or available over-the-counter.WMC's investment strategies include: Large-Cap and Concentrated Large-Cap; SMid-Cap and SMid-Cap Plus; Small-Cap; All-Cap and Concentrated All-Cap; Dividend Growth; Income Opportunity and Worldwide Income Opportunity; Balanced and Intermediate Fixed Income; Global Equity and Global Dividend; Emerging Markets and Emerging Markets Plus; Emerging Markets SMid-Cap; MLP Infrastructure Renewal; MLP Opportunities, MLP and Strategic Energy; Strategic Global Convertibles; Absolute Return Global Convertible; and REITs.

Subscribe now to see full details
Recent Transactions
Details Hidden

Hormel Foods Corporation purchases Columbus Manufacturing, Inc. from Barings LLC (Private Equity), ATP Private Equity Partners, Arbor Private Investment Co. LLC

Details Hidden

Hormel Foods Corporation purchases Capitol Wholesale Meats, Inc.

Details Hidden

Smithfield Foods, Inc., WH Group Ltd. (HK) purchase Clougherty Packing LLC from Hormel Foods Corporation

Subscribe now to see full list of recent transations
Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Subscribe now to see full details
Transaction Advisors
Legal Advisor

Advised onHormel Foods Corporation purchases Turkey Store Co.

Accountant

Advised onHormel Foods Corporation purchases Turkey Store Co.

Legal Advisor

Advised onHormel Foods Corporation purchases Columbus Manufacturing, Inc. from Barings LLC (Private Equity), ATP Private Equity Partners, Arbor Private Investment Co. LLC

Subscribe now to see 13+ more transaction advisors
Legal Advisor

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Associate

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Legal Advisor

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Subscribe now to see 13+ more transaction advisors
Advisors & Consultants
Subscribe now to see advisors & consultants for over 2.5 million organizations
Legal Advisor

Partner at Faegre Baker Daniels LLP

Legal Advisor

Partner at Faegre Baker Daniels LLP

Legal Advisor

Partner at Faegre Baker Daniels LLP

Subscribe now to see 1+ more consultants & advisors
Clients

PepsiCo, Inc. engages in the manufacturing, marketing, distribution, and sale of beverages, foods, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. It operates through the following segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Marriott International, Inc. is a diversified global lodging company, which engages in the operation and franchise of hotels, corporate housing properties, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; and International. The North American Full-Service segment includes The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, and Gaylord Hotels. The North American Limited-Service segment comprises of AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, Fairfield Inn & Suites, and TownePlace Suites properties. The International segment involves The Ritz-Carlton, Bulgari Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, Fairfield Inn & Suites, TownePlace Suites, Protea Hotels, and Moxy Hotels. The company was founded in 1997 and is headquartered in Bethesda, MD.

Subscribe now to see 17 more clients
Subscribe now to see clients for over 2.5 million organizations
Key Stats and Financials As of 2017
Market Capitalization
$18.2B
Total Enterprise Value
$16.2B
Earnings Per Share
$1.57
Revenue
$9.17B
Net Profit
$847M
EBITDA
$1.37B
EBITDAMargin
14.9%
Total Debt
$250M
Total Equity
$4.94B
Enterprise Value Sales
1.77x
Enterprise Value EBITDAOperating
11.85x
TEVNet Income
19.12x
Debt TEV
0.02x
Subscribe now to see full financial details
Non-Profit Donations & Grants
Subscribe now to see 47 more non-profit donations & grants
Political Donations
$200
2013
$3,900
2012
Subscribe now to see political donations for over 2.5 million organizations
Political Donations Received
$200
2013
$3,900
2012
Subscribe now to see political donations received for over 2.5 million organizations
Suppliers
The Middleby Corp. Wholesale: Industrial Products & Manufacturing | Elgin, IL

Middleby Corp. engages in the design and manufacture of equipment used in the food service industries. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group segment offers foodservice equipment, which are used for any cooking or warming application within a commercial kitchen or foodservice operation. The Food Processing Equipment Group segment includes portfolio of processing solutions for customers producing pre-cooked meat products and bread. The Residential Kitchen Equipment Group segment comprises of equipment for the residential market, such as ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, refrigerators, wine coolers, ice machines, dishwashers, ventilation equipment, and outdoor equipment. The company was founded in 1888 and is headquartered in Elgin, IL.

Silgan Holdings, Inc. Paper Products | Stamford, CT

Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for shelf-stable food and consumer goods products. It operates through the following business segments: Metal Container, Closures, and Plastic Container. The Metal Container business segment involves in producing and marketing of steel and aluminum containers for chemicals and food products. The Closures business segment includes manufacturing of metal, composite, and plastic closures for food and beverage products. The Plastic Container segment manufactures custom designed plastic containers and closures for personal, health, and pet care, food, pharmaceutical, household and industrial chemical, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.

DXP Enterprises Inc. Engineering, Construction & Architecture | Houston, Texas

Founded as Southern Engine and Pump Company in 1908, DXP was re-chartered in 1979 as Sepco Industries and renamed DXP Enterprises, Inc. in 1996. Over the years, we have strengthened our ability to support our customers by acquiring a diverse group of companies with a powerful corporate focus on product expertise, technical services and MROP supply chain management. Today, DXP is a publicly traded professional distribution management company that provides products and services to a variety of industries through its Innovative Pumping Solutions (IPS), Supply Chain Services and MROP Products and Services. DXP continues to stay on the leading edge of technology, training and products while attracting and retaining the best employees. Our corporate strategy is simply to be the best solution for the industrial customer. Image Gallery Old Pump Skids 1944 Old Pump Skids 1944 General Letter Viking Pumps TL Waker Pump Skid Southern Engine & Pump Company - 1928 Southern Engine & Pump Company - 1928 The following summarizes significant events since management acquired the Company in 1986.

Subscribe now to see 17 more suppliers
Competitors
Campbell Soup Co. Food - Camden, New Jersey

Campbell Soup Co. engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America. The Global Biscuits and Snacks segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail, Arnott's biscuits in Australia and Asia Pacific, and Kelsen cookies globally. The Campbell Fresh segment includes Bolthouse Farms fresh carrots, carrot ingredients, refrigerated beverages and refrigerated salad dressings, Garden Fresh Gourmet salsa, hummus, dips and tortilla chips, and the U.S. refrigerated soup business. The company was founded on November 23, 1922 and is headquartered in Camden, NJ.

The J. M. Smucker Co. Food - Orrville , OH

The J. M. Smucker Co. engages in the production and market of fruit spreads, peanut butter and other food products. The company operates through the following segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; International and Foodservice. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Jif, Smucker's, Crisco, and Pillsbury branded products. The U.S. Retail Pet Foods comprises of Meow Mix, Milk-Bone, Natural Balance, Kibbles'n Bits, 9Lives, Pup-Peroni, and Nature's Recipe branded products. The International and Foodservice segment covers the products distributed domestically and in foreign countries. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.

General Mills, Inc. Food - Minneapolis, MN

General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail, Convenience Stores and Foodservice, Europe and Australia, and Asia and Latin America. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores and Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe and Australia segment includes retails, foodservice businesses in the greater Europe and Australian region. The Asia and Latin America segment comprises of products manufactured in the United States for export, mainly to Caribbean and Latin American markets. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.

Awards & Honors
Rank #304
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #304
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine