Hormel Foods Corporation logo HRL - Hormel Foods Corporation

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| PRICE TARGET: $23.50 DETAILS
HIGH: $25.00
LOW: $22.00
MEDIAN: $23.50
CONSENSUS: $23.50
DOWNSIDE: 8.60%

About Hormel Foods Corporation (https://www.hormelfoods.com)

Hormel Foods Corporation is a prominent global food company that specializes in the creation, preparation, and supply of a diverse array of meat, nut, and other culinary items. Its extensive clientele spans retail outlets, institutional food providers (foodservice), specialty delis, and various commercial enterprises across the United States and internationally. The company's operations are strategically structured into four main divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Hormel's product portfolio is broad, encompassing numerous perishable goods such as fresh meats, frozen food selections, convenient refrigerated meal options, a variety of sausages, hams, guacamole, and bacon. Additionally, it offers a wide range of non-perishable items, including canned luncheon meats, various nut butters, snack nuts, chili, microwave-ready meals, hashes, stews, tortillas, salsas, and tortilla chips. Beyond these offerings, Hormel Foods is also actively involved in the processing, promotion, and distribution of both branded and unbranded products derived from pork, beef, poultry, and turkey. The company further supplies nutritional food items and supplements, dessert and beverage mixes, and industrial-grade gelatin. Its extensive product line is marketed under numerous widely recognized brand names, including SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Wholly, Planters, NUT-rition, Planters Cheez Balls, and Corn Nuts. These products reach consumers through a multi-channel distribution network, utilizing internal sales teams, independent brokers, and various distributors. Founded in 1891 as Geo. A. Hormel & Company, the organization was officially rebranded as Hormel Foods Corporation in January 1995. Its corporate headquarters are located in Austin, Minnesota.

Key Executives

NAME TITLE DOB SALARY
John F. Ghingo President & Director 1973 $2,667,169 USD
Jeffrey Ettinger Interim Chief Executive Officer & Director 1958 $1,585,139 USD
Colleen R. Batcheler Senior Vice President of External Affairs, General Counsel & Corporate Secretary 1974 $1,179,235 USD
Swen Neufeldt Group Vice President & President of Hormel Foods International 1974 $688,168 USD
Donald Monk Senior VP & CTO
Jess Blomberg Director of Investor Relations
Mary Katherine Clark Senior Vice President & Chief Communications Officer 1980
Nathan Annis Vice President of Corporate Development
Paul R. Kuehneman Interim Chief Financial Officer & Controller 1971
Pierre Lilly Senior Vice President & Chief Compliance Officer 1971

Company Peers

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