Last 7 days
4.2%
Last 30 days
-2.2%
Last 90 days
-14.2%
Trailing 12 Months
-33.1%
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 12.4B | 12.3B | 12.2B | 12.1B |
2022 | 12.0B | 12.5B | 12.6B | 12.5B |
2021 | 9.7B | 9.9B | 10.4B | 11.4B |
2020 | 9.5B | 9.6B | 9.7B | 9.6B |
2019 | 9.6B | 9.6B | 9.5B | 9.5B |
2018 | 9.2B | 9.4B | 9.5B | 9.5B |
2017 | 9.5B | 9.4B | 9.3B | 9.2B |
2016 | 9.2B | 9.2B | 9.3B | 9.5B |
2015 | 9.5B | 9.5B | 9.4B | 9.3B |
2014 | 8.9B | 9.0B | 9.1B | 9.3B |
2013 | 8.3B | 8.4B | 8.6B | 8.8B |
2012 | 8.0B | 8.1B | 8.2B | 8.2B |
2011 | 7.4B | 7.7B | 7.9B | 7.9B |
2010 | 6.6B | 6.7B | 6.8B | 7.2B |
2009 | 6.7B | 6.6B | 6.6B | 6.5B |
2008 | 0 | 0 | 0 | 6.8B |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Oct 13, 2023 | myers kevin l | sold | -160,855 | 30.9336 | -5,200 | senior vice president |
Oct 13, 2023 | myers kevin l | acquired | 119,548 | 22.99 | 5,200 | senior vice president |
Oct 03, 2023 | myers kevin l | acquired | - | - | 2,653 | senior vice president |
Sep 30, 2023 | bhojwani gary c | acquired | 60,374 | 38.03 | 1,587 | - |
Sep 30, 2023 | newlands william a | acquired | 38,062 | 38.03 | 1,000 | - |
Sep 30, 2023 | smith sally j | acquired | 69,562 | 38.03 | 1,829 | - |
Sep 30, 2023 | policinski christopher j. | acquired | 56,437 | 38.03 | 1,484 | - |
Sep 30, 2023 | white steven andrew | acquired | 60,374 | 38.03 | 1,587 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Dec 06, 2023 | VisionPoint Advisory Group, LLC | added | 73.19 | 8,128 | 20,877 | 0.01% |
Dec 06, 2023 | CITIGROUP INC | reduced | -13.02 | -3,947,120 | 18,282,300 | 0.01% |
Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | added | 63.6 | 194,064 | 548,925 | 0.15% |
Dec 04, 2023 | Trust Co | unchanged | - | -905 | 15,706 | -% |
Dec 01, 2023 | B. Riley Wealth Advisors, Inc. | reduced | -18.85 | -73,284 | 241,719 | 0.01% |
Dec 01, 2023 | Fortis Group Advisors, LLC | new | - | 3,347 | 3,347 | -% |
Nov 30, 2023 | Neo Ivy Capital Management | new | - | 1,118,000 | 1,118,000 | 0.49% |
Nov 30, 2023 | Modera Wealth Management, LLC | unchanged | - | -14,800 | 257,007 | -% |
Nov 27, 2023 | BANQUE PICTET & CIE SA | sold off | -100 | -418,730 | - | -% |
Nov 24, 2023 | DEUTSCHE BANK AG\ | added | 1.68 | -1,446,100 | 36,051,500 | 0.02% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 6.49% | 35,456,214 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 5.3% | 29,202,867 | SC 13G/A | |
Jan 31, 2023 | state street corp | 4.80% | 26,203,621 | SC 13G/A | |
Jan 24, 2023 | hormel foundation | 46.95% | 256,433,116 | SC 13G/A | |
Feb 14, 2022 | state street corp | 5.43% | 29,458,291 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 6.07% | 32,953,376 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 5.3% | 28,688,282 | SC 13G/A | |
Feb 16, 2021 | state street corp | 4.83% | 26,069,570 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 6.10% | 32,910,894 | SC 13G/A | |
Jan 29, 2021 | blackrock inc. | 5.4% | 29,090,942 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Dec 07, 2023 | PRE 14A | PRE 14A | |
Dec 06, 2023 | 10-K | Annual Report | |
Nov 29, 2023 | 8-K | Current Report | |
Nov 28, 2023 | 144 | Notice of Insider Sale Intent | |
Nov 28, 2023 | 144 | Notice of Insider Sale Intent | |
Nov 17, 2023 | 8-K | Current Report | |
Oct 24, 2023 | 4/A | Insider Trading | |
Oct 24, 2023 | 4/A | Insider Trading | |
Oct 16, 2023 | 4 | Insider Trading | |
Oct 06, 2023 | 144 | Notice of Insider Sale Intent |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ADM | 39.9B | 96.9B | 2.36% | -20.35% | 10.12 | 0.41 | -1.83% | -4.05% |
BG | 15.2B | 61.3B | -0.43% | 9.75% | 7.77 | 0.25 | -8.91% | 30.43% |
CPB | 13.0B | 9.3B | 7.44% | -22.68% | 16.34 | 1.4 | 4.48% | 0.25% |
ACI | 12.7B | - | 0.59% | 2.70% | 8.89 | 0.15 | 4.54% | -19.68% |
MID-CAP | ||||||||
BRBR | 7.2B | 1.7B | 18.01% | 113.37% | 43.41 | 4.31 | 21.53% | 101.09% |
FLO | 4.6B | - | -0.72% | -24.96% | 32.81 | 0.89 | 7.18% | -37.78% |
FRPT | 3.6B | 717.3M | 11.21% | 24.20% | -70.27 | 5.08 | 31.52% | 21.30% |
CALM | 2.5B | 2.9B | 3.32% | -14.13% | 3.92 | 0.84 | 39.64% | 129.62% |
CENT | 2.4B | 3.3B | -0.07% | 16.00% | 18.83 | 0.71 | -0.85% | -17.42% |
SMALL-CAP | ||||||||
ANDE | 1.8B | 16.2B | -0.06% | 47.35% | 29.76 | 0.11 | -1.31% | -61.09% |
BGS | 805.9M | 2.1B | 14.65% | -14.54% | -18.12 | 0.38 | -0.20% | -9.85% |
BYND | 586.6M | 349.6M | 30.56% | -41.67% | -2.35 | 1.68 | -20.48% | 34.17% |
ALCO | 226.9M | 39.8M | 15.54% | 6.84% | 123.64 | 5.69 | -56.66% | -85.27% |
AQB | 14.5M | 2.4M | 27.70% | 525.72% | -0.58 | 6.13 | -23.63% | -13.75% |
Income Statement (Quarterly) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 7.9% | 3,198 | 2,963 | 2,978 | 2,971 | 3,283 | 3,034 | 3,097 | 3,044 | 3,455 | 2,864 | 2,607 | 2,461 | 2,420 | 2,381 | 2,422 | 2,384 | 2,502 | 2,291 | 2,345 | 2,360 | 2,525 |
Gross Profit | 3.3% | 514 | 498 | 491 | 496 | 566 | 506 | 553 | 539 | 578 | 423 | 476 | 450 | 458 | 422 | 477 | 468 | 494 | 433 | 469 | 488 | 533 |
S&GA Expenses | -25.6% | 217 | 291 | 212 | 222 | 206 | 222 | 225 | 226 | 230 | 226 | 200 | 196 | 191 | 181 | 194 | 196 | 184 | 180 | 170 | 194 | 205 |
EBITDA Margin | -100.0% | - | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.13* | 0.14* | 0.14* | 0.14* | 0.14* | 0.14* | 0.14* | 0.15* | 0.15* | 0.15* | 0.14* | 0.14* |
Interest Expenses | -0.1% | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 16.00 | 15.00 | 15.00 | 16.00 | 12.00 | 8.00 | 8.00 | 8.00 | 6.00 | 3.00 | 4.00 | 3.00 | 3.00 | 6.00 | 6.00 | 6.00 |
Income Taxes | 11.7% | 50.00 | 45.00 | 62.00 | 64.00 | 77.00 | 71.00 | 60.00 | 69.00 | 70.00 | 27.00 | 65.00 | 55.00 | 44.00 | 56.00 | 59.00 | 47.00 | 68.00 | 62.00 | 35.00 | 65.00 | 60.00 |
Earnings Before Taxes | 18.4% | 246 | 208 | 279 | 281 | 357 | 290 | 322 | 309 | 352 | 204 | 293 | 277 | 279 | 259 | 286 | 290 | 324 | 261 | 318 | 307 | 322 |
EBT Margin | -100.0% | - | 0.09* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.11* | 0.11* | 0.12* | 0.12* | 0.12* | 0.13* | 0.13* | 0.13* | 0.13* | 0.12* | 0.12* |
Net Income | 20.4% | 196 | 163 | 217 | 218 | 280 | 219 | 262 | 240 | 282 | 177 | 228 | 222 | 234 | 203 | 228 | 243 | 256 | 199 | 282 | 241 | 261 |
Net Income Margin | -100.0% | - | 0.07* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | 0.09* | 0.09* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.11* |
Free Cashflow | -100.0% | - | 239 | 155 | 167 | 282 | 125 | 115 | 334 | 471 | 23.00 | 110 | 165 | 109 | 242 | 280 | 130 | 210 | 141 | 130 | 148 | 353 |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 0.2% | 13,449 | 13,427 | 13,316 | 13,283 | 13,307 | 13,140 | 13,122 | 12,827 | 12,696 | 12,332 | 9,889 | 9,958 | 9,908 | 9,600 | 8,395 | 8,290 | 8,109 | 7,955 | 7,936 | 8,155 | 8,142 |
Current Assets | 1.3% | 3,297 | 3,255 | 3,163 | 3,195 | 3,637 | 3,403 | 3,374 | 3,093 | 2,948 | 2,689 | 3,514 | 3,602 | 3,579 | 3,410 | 2,249 | 2,395 | 2,361 | 2,246 | 2,251 | 2,101 | 2,050 |
Cash Equivalents | 10.1% | 737 | 669 | 580 | 600 | 982 | 850 | 862 | 824 | 614 | 291 | 1,485 | 1,752 | 1,714 | 1,729 | 606 | 724 | 673 | 560 | 639 | 513 | 459 |
Inventory | -3.3% | 1,680 | 1,738 | 1,746 | 1,730 | 1,716 | 1,679 | 1,597 | 1,386 | 1,369 | 1,427 | 1,229 | 1,087 | 1,073 | 982 | 1,049 | 1,057 | 1,042 | 1,109 | 1,031 | 994 | 964 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,629 | 1,516 | 1,495 | 1,484 | 1,513 |
Goodwill | -0.1% | 4,928 | 4,932 | 4,930 | 4,928 | 4,926 | 4,929 | 4,936 | 4,928 | 4,929 | 4,907 | 2,614 | 2,618 | 2,613 | 2,616 | 2,683 | 2,484 | 2,482 | 2,487 | 2,487 | 2,717 | 2,714 |
Current Liabilities | -0.4% | 2,312 | 2,321 | 1,305 | 1,373 | 1,473 | 1,420 | 1,481 | 1,415 | 1,416 | 1,251 | 1,175 | 1,417 | 1,504 | 1,427 | 1,325 | 1,023 | 1,105 | 1,073 | 1,052 | 1,436 | 1,139 |
LT Debt, Current | 0.4% | 951 | 947 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 259 | 259 | 259 | 258 | 8.00 | - | - | - | 375 | - |
LT Debt, Non Current | -0.1% | 2,359 | 2,360 | 3,294 | 3,293 | 3,291 | 3,294 | 3,294 | 3,309 | 3,315 | 3,316 | 1,040 | 1,043 | 1,045 | 1,047 | 57.00 | 309 | 250 | 250 | 250 | 250 | 625 |
Shareholder's Equity | 0.3% | 7,739 | 7,713 | 7,692 | 7,619 | 7,535 | 7,367 | 7,345 | 7,106 | 6,978 | 6,794 | 6,706 | 6,556 | 6,430 | 6,272 | 6,166 | 6,096 | 5,926 | 5,891 | 5,902 | 5,706 | 5,605 |
Retained Earnings | 0.6% | 7,493 | 7,448 | 7,435 | 7,381 | 7,313 | 7,177 | 7,101 | 6,980 | 6,882 | 6,744 | 6,699 | 6,605 | 6,523 | 6,415 | 6,337 | 6,247 | 6,128 | 5,984 | 6,004 | 5,856 | 5,730 |
Additional Paid-In Capital | 1.4% | 506 | 499 | 488 | 477 | 469 | 459 | 452 | 378 | 360 | 354 | 319 | 299 | 290 | 277 | 265 | 231 | 185 | 170 | 164 | 130 | 107 |
Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,726 | 1,699 | 1,678 | 1,647 | 1,689 |
Shares Outstanding | -100.0% | - | 546 | 546 | 546 | 545 | 544 | 544 | 543 | 541 | 541 | 540 | 540 | 538 | 537 | 537 | 535 | 535 | 534 | 535 | 534 | 531 |
Minority Interest | -10.8% | 4.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
Cashflow (Quarterly) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 0.7% | 319,091,000 | 317,002,000 | 208,125,000 | 203,629,000 | 371,820,000 | 186,046,000 | 193,355,000 | 383,756,000 | 564,148,000 | 76,527,000 | 155,573,000 | 205,686,000 | 249,938,000 | 329,796,000 | 359,872,000 | 188,418,000 | 350,084,000 | 207,319,000 | 178,168,000 | 187,425,000 | 498,524,000 |
Share Based Compensation | -37.8% | 3,131,000 | 5,034,000 | 10,710,000 | 5,202,000 | 4,010,000 | 4,565,000 | 10,040,000 | 6,328,000 | 4,431,000 | 4,479,000 | 8,053,000 | 7,781,000 | 3,269,000 | 3,724,000 | 6,167,000 | 9,298,000 | 3,000,000 | 3,193,000 | 5,568,000 | 7,946,000 | 2,939,000 |
Cashflow From Investing | -30.5% | -101,055,000 | -77,421,000 | -59,599,000 | -451,469,000 | -86,210,000 | -46,016,000 | -76,131,000 | -49,680,000 | -95,519,000 | -3,443,064,000 | -47,955,000 | -39,301,000 | -150,276,000 | -82,905,000 | -362,631,000 | -60,504,000 | -134,788,000 | -69,886,000 | 426,506,000 | -1,679,000 | -139,398,000 |
Cashflow From Financing | -3.4% | -149,087,000 | -144,238,000 | -165,169,000 | -141,570,000 | -142,221,000 | -140,462,000 | -79,982,000 | -124,019,000 | -143,385,000 | 2,172,364,000 | -373,705,000 | -134,754,000 | -117,820,000 | 872,723,000 | -110,816,000 | -77,915,000 | -100,294,000 | -215,478,000 | -481,573,000 | -128,899,000 | -165,639,000 |
Dividend Payments | 0.3% | 150,372,000 | 149,944,000 | 150,599,000 | 142,017,000 | 141,916,000 | 141,860,000 | 141,154,000 | 132,909,000 | 132,908,000 | 132,419,000 | 132,271,000 | 125,516,000 | 125,373,000 | 125,253,000 | 124,501,000 | 112,249,000 | 112,082,000 | 112,684,000 | 112,162,000 | 100,125,000 | 99,592,000 |
Buy Backs | - | - | - | - | - | - | - | - | - | 10,305,000 | - | 816,000 | 8,837,000 | - | - | 12,360,000 | - | - | 106,624,000 | 22,813,000 | 44,809,000 | 2,157,000 |
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Oct. 29, 2023 | Oct. 30, 2022 | Oct. 31, 2021 | |
Income Statement [Abstract] | |||
Net Sales | $ 12,110,010 | $ 12,458,806 | $ 11,386,189 |
Cost of Products Sold | 10,110,169 | 10,294,120 | 9,458,283 |
Gross Profit | 1,999,841 | 2,164,686 | 1,927,906 |
Selling, General, and Administrative | 942,167 | 879,265 | 853,071 |
Equity in Earnings of Affiliates | 42,754 | 27,185 | 47,763 |
Goodwill and Intangible Impairment | 28,383 | 0 | 0 |
Operating Income | 1,072,046 | 1,312,607 | 1,122,599 |
Interest and Investment Income | 14,828 | 28,012 | 46,878 |
Interest Expense | 73,402 | 62,515 | 43,307 |
Earnings Before Income Taxes | 1,013,472 | 1,278,103 | 1,126,170 |
Provision for Income Taxes | 220,552 | 277,877 | 217,029 |
Net Earnings | 792,920 | 1,000,226 | 909,140 |
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest | (653) | 239 | 301 |
Net Earnings Attributable to Hormel Foods Corporation | $ 793,572 | $ 999,987 | $ 908,839 |
Net Earnings Per Share: | |||
Basic (in dollars per share) | $ 1.45 | $ 1.84 | $ 1.68 |
Diluted (in dollars per share) | $ 1.45 | $ 1.82 | $ 1.66 |
Weighted-average Shares Outstanding: | |||
Basic (in shares) | 546,421 | 544,918 | 541,114 |
Diluted (in shares) | 548,982 | 549,566 | 547,580 |
Consolidated Statements of Financial Position - USD ($) $ in Thousands | Oct. 29, 2023 | Oct. 30, 2022 |
---|---|---|
Assets | ||
Cash and Cash Equivalents | $ 736,532 | $ 982,107 |
Short-term Marketable Securities | 16,664 | 16,149 |
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,557 at October 29, 2023 and $3,507 at October 30, 2022) | 817,391 | 867,593 |
Inventories | 1,680,406 | 1,716,059 |
Taxes Receivable | 7,242 | 7,177 |
Prepaid Expenses and Other Current Assets | 39,014 | 48,041 |
Total Current Assets | 3,297,249 | 3,637,125 |
Goodwill | 4,928,464 | 4,925,829 |
Other Intangibles | 1,757,171 | 1,803,027 |
Pension Assets | 204,697 | 245,566 |
Investments in Affiliates | 725,121 | 271,058 |
Other Assets | 370,252 | 283,169 |
Property, Plant, and Equipment | ||
Land | 74,626 | 74,303 |
Buildings | 1,458,354 | 1,398,255 |
Equipment | 2,781,730 | 2,636,660 |
Construction in Progress | 195,665 | 216,246 |
Less: Allowance for Depreciation | (2,344,557) | (2,184,319) |
Net Property, Plant, and Equipment | 2,165,818 | 2,141,146 |
Total Assets | 13,448,772 | 13,306,919 |
Liabilities and Shareholders’ Investment | ||
Accounts Payable | 771,397 | 816,604 |
Accrued Expenses | 51,679 | 58,801 |
Accrued Marketing Expenses | 87,452 | 113,105 |
Employee-Related Expenses | 263,330 | 279,072 |
Interest and Dividends Payable | 172,178 | 163,963 |
Taxes Payable | 15,212 | 32,925 |
Current Maturities of Long-term Debt | 950,529 | 8,796 |
Total Current Liabilities | 2,311,776 | 1,473,266 |
Long-term Debt Less Current Maturities | 2,358,719 | 3,290,549 |
Pension and Post-retirement Benefits | 349,268 | 385,832 |
Deferred Income Taxes | 498,106 | 475,212 |
Other Long-term Liabilities | 191,917 | 141,840 |
Shareholders’ Investment | ||
Preferred Stock, Par Value $0.01 a Share — Authorized 160,000,000 Shares; Issued — None | 0 | 0 |
Additional Paid-in Capital | 506,179 | 469,468 |
Accumulated Other Comprehensive Loss | (272,252) | (255,561) |
Retained Earnings | 7,492,952 | 7,313,374 |
Hormel Foods Corporation Shareholders’ Investment | 7,734,885 | 7,535,284 |
Noncontrolling Interest | 4,100 | 4,936 |
Total Shareholders’ Investment | 7,738,985 | 7,540,219 |
Total Liabilities and Shareholders’ Investment | 13,448,772 | 13,306,919 |
Common Stock, Nonvoting | ||
Shareholders’ Investment | ||
Common Stock | 0 | 0 |
Common Stock | ||
Shareholders’ Investment | ||
Common Stock | $ 8,007 | $ 8,002 |
CEO | Mr. James P. Snee |
---|---|
WEBSITE | www.hormelfoods.com |
EMPLOYEES | 20000 |