Hormel Foods Corporation (HRL)

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+$0.00 (+0.02%)Past Day

About

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.

Key Insights

  • Share Price

    $31.19

  • Market Cap

    $17.10 Billion

  • Total Outstanding Shares

    548.36 Million Shares

  • Total Employees

    20,000

  • Dividend

    $0.2825 Per Share Quarterly

  • IPO Date

    January 16, 1990

  • SIC Description

    Meat Packing Plants

  • Homepage

    https://www.hormelfoods.com

Historical Stock Splits

If you bought 1 share of HRL before February 15, 2011, you'd have 4 shares today.
Execution DateSplit Amount
February 10, 20162-for-1
February 15, 20112-for-1

Cash Flow Statement

July 29, 2023 to July 28, 2024
MetricValue
Net Cash Flow$-131.65 Million
Net Cash Flow From Financing Activities$-1.03 Billion
Net Cash Flow From Investing Activities, Continuing$-277.95 Million
Exchange Gains/Losses$-1.99 Million
Net Cash Flow From Financing Activities, Continuing$-1.03 Billion
Net Cash Flow, Continuing$-129.66 Million
Net Cash Flow From Investing Activities$-277.95 Million
Net Cash Flow From Operating Activities$1.18 Billion
Net Cash Flow From Operating Activities, Continuing$1.18 Billion

Income Statement

July 29, 2023 to July 28, 2024
MetricValue
Selling, General, and Administrative Expenses$983.25 Million
Gross Profit$2.02 Billion
Revenues$11.98 Billion
Net Income/Loss Available To Common Stockholders, Basic$780.78 Million
Income/Loss From Equity Method Investments$39.79 Million
Nonoperating Income/Loss$-210.72 Million
Preferred Stock Dividends And Other Adjustments$0.00
Income/Loss From Continuing Operations Before Tax$1.00 Billion
Net Income/Loss$780.15 Million
Net Income/Loss Attributable To Noncontrolling Interest$623000.00
Income/Loss From Continuing Operations After Tax$780.15 Million
Income/Loss Before Equity Method Investments$961.42 Million
Income Tax Expense/Benefit$221.06 Million
Operating Expenses$971.84 Million
Income Tax Expense/Benefit, Deferred$30.64 Million
Basic Average Shares$547.89 Million
Basic Earnings Per Share$1.43
Net Income/Loss Attributable To Parent$780.78 Million
Diluted Average Shares$548.38 Million
Cost Of Revenue$9.97 Billion
Costs And Expenses$10.98 Billion
Operating Income/Loss$1.04 Billion
Benefits Costs and Expenses$10.98 Billion
Diluted Earnings Per Share$1.43
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00

Balance Sheet

July 29, 2023 to July 28, 2024
MetricValue
Current Assets$3.00 Billion
Liabilities$5.24 Billion
Equity$7.88 Billion
Equity Attributable To Noncontrolling Interest$10.11 Million
Noncurrent Assets$10.12 Billion
Assets$13.11 Billion
Other Current Assets$1.35 Billion
Equity Attributable To Parent$7.87 Billion
Intangible Assets$1.74 Billion
Accounts Payable$675.17 Million
Current Liabilities$1.31 Billion
Other Current Liabilities$463.50 Million
Interest Payable$171.08 Million
Liabilities And Equity$13.11 Billion
Other Non-current Assets$8.37 Billion
Noncurrent Liabilities$3.93 Billion
Inventory$1.65 Billion

Historical Dividends

Current dividend: $0.2825 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Sep 23, 2024Nov 15, 2024Oct 15, 2024$0.2825Quarterly
May 20, 2024Aug 15, 2024Jul 15, 2024$0.2825Quarterly
Mar 25, 2024May 15, 2024Apr 15, 2024$0.2825Quarterly
Nov 20, 2023Feb 15, 2024Jan 16, 2024$0.2825Quarterly
Sep 25, 2023Nov 15, 2023Oct 16, 2023$0.275Quarterly
May 22, 2023Aug 15, 2023Jul 17, 2023$0.275Quarterly
Mar 27, 2023May 15, 2023Apr 17, 2023$0.275Quarterly
Nov 21, 2022Feb 15, 2023Jan 17, 2023$0.275Quarterly
Sep 26, 2022Nov 15, 2022Oct 17, 2022$0.26Quarterly
May 23, 2022Aug 15, 2022Jul 11, 2022$0.26Quarterly
Mar 28, 2022May 16, 2022Apr 11, 2022$0.26Quarterly
Nov 22, 2021Feb 15, 2022Jan 18, 2022$0.26Quarterly
Sep 27, 2021Nov 15, 2021Oct 18, 2021$0.245Quarterly
May 24, 2021Aug 16, 2021Jul 12, 2021$0.245Quarterly
Mar 22, 2021May 17, 2021Apr 12, 2021$0.245Quarterly
Nov 23, 2020Feb 16, 2021Jan 11, 2021$0.245Quarterly
Sep 29, 2020Nov 16, 2020Oct 19, 2020$0.2325Quarterly
May 18, 2020Aug 17, 2020Jul 13, 2020$0.2325Quarterly
Mar 23, 2020May 15, 2020Apr 13, 2020$0.2325Quarterly
Nov 25, 2019Feb 18, 2020Jan 13, 2020$0.2325Quarterly
Sep 23, 2019Nov 15, 2019Oct 21, 2019$0.21Quarterly
May 21, 2019Aug 15, 2019Jul 15, 2019$0.21Quarterly
Mar 25, 2019May 15, 2019Apr 15, 2019$0.21Quarterly
Nov 19, 2018Feb 15, 2019Jan 14, 2019$0.21Quarterly
Sep 24, 2018Nov 15, 2018Oct 22, 2018$0.1875Quarterly
May 21, 2018Aug 15, 2018Jul 16, 2018$0.1875Quarterly
Mar 26, 2018May 15, 2018Apr 16, 2018$0.1875Quarterly
Nov 20, 2017Feb 15, 2018Jan 15, 2018$0.1875Quarterly
Sep 25, 2017Nov 15, 2017Oct 23, 2017$0.17Quarterly
May 22, 2017Aug 15, 2017Jul 17, 2017$0.17Quarterly
Mar 28, 2017May 15, 2017Apr 18, 2017$0.17Quarterly
Nov 21, 2016Feb 15, 2017Jan 17, 2017$0.17Quarterly
Sep 26, 2016Nov 15, 2016Oct 24, 2016$0.145Quarterly
May 23, 2016Aug 15, 2016Jul 18, 2016$0.145Quarterly
Mar 29, 2016May 16, 2016Apr 18, 2016$0.145Quarterly
Sep 28, 2015Nov 16, 2015Oct 19, 2015$0.25Quarterly
May 18, 2015Aug 17, 2015Jul 20, 2015$0.25Quarterly
Mar 23, 2015May 15, 2015Apr 20, 2015$0.25Quarterly
Nov 25, 2014Feb 17, 2015Jan 20, 2015$0.25Quarterly
Sep 22, 2014Nov 14, 2014Oct 20, 2014$0.2Quarterly
May 19, 2014Aug 15, 2014Jul 21, 2014$0.2Quarterly
Mar 24, 2014May 15, 2014Apr 21, 2014$0.2Quarterly
Nov 26, 2013Feb 14, 2014Jan 22, 2014$0.2Quarterly
Sep 23, 2013Nov 15, 2013Oct 21, 2013$0.17Quarterly
May 20, 2013Aug 15, 2013Jul 22, 2013$0.17Quarterly
Mar 25, 2013May 15, 2013Apr 22, 2013$0.17Quarterly
Nov 20, 2012Feb 15, 2013Jan 22, 2013$0.17Quarterly
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