Who currently owns Hormel Foods?
That's because of the Hormel Foundation, a non-profit organization that was set up in 1941 by company founder George Hormel and his son, Jay. Together with associated entities, the foundation owns 48% of Hormel's shares, making it by far the company's largest shareholder.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Mairs & Power, Inc. | 0.92% | 4,996,466 |
| Invesco Capital Management LLC | 0.73% | 3,991,410 |
| BlackRock Advisors (UK) Ltd. | 0.68% | 3,714,366 |
| ProShare Advisors LLC | 0.58% | 3,171,125 |
The company is headquartered in Austin, Minnesota and operates more than 30 production facilities throughout the United States. 48% of the shares of Hormel Foods Corporation are held by The Hormel Foundation, a nonprofit 501(c)(3) organization established in 1941 by George A. Hormel and his son, Jay C Hormel.
Hormel Foods operates today in China through a wholly-owned subsidiary called Hormel (China) Investment Co., Ltd. Incorporated in Jiaxing, China. This company is now one of the leading suppliers of Western- and Chinese-style processed meats and peanut butter to retail and foodservice operators throughout China.
Hormel Foods Corporation is an American food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company.
Brands - Hormel Foods. Over 40 of our brands are No. 1 or No. 2 in their categories and our products are sold in more than 80 countries, including China, Japan, Australia, South Korea and the Philippines.
Hormel Foods Corporation - Hold
Valuation metrics show that Hormel Foods Corporation may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors.
US meat group Smithfield Foods is to acquire Hormel Foods' Clougherty Packing, the parent company of Farmer John and Saag's Specialty Meats, as well as two processing facilities and three farms.
Products sold in the United States by Hormel Foods are produced and packaged in the United States unless specified otherwise on the label. Hormel Foods operates processing facilities in China and Brazil. Any products made at those facilities are produced for Chinese and Brazilian consumers.
SKIPPY® brand - Brands - Hormel Foods.
Who is the CEO of Hormel?
Jim Snee is chairman of the board, president and chief executive officer of Hormel Foods, a global branded food company with over $11.4 billion in annual revenue across more than 75 countries worldwide.
SPAM is an acronym: Special Processed American Meat.
US meat group Smithfield Foods is to acquire Hormel Foods' Clougherty Packing, the parent company of Farmer John and Saag's Specialty Meats, as well as two processing facilities and three farms.
- Tyson.
- Jimmy Dean.
- Hillshire Farm.
- Hillshire Snacking.
- Ball Park.
- Raised & Rooted.
- Aidells.
- State Fair.
Jim Snee is chairman of the board, president and chief executive officer of Hormel Foods, a global branded food company with over $11.4 billion in annual revenue across more than 75 countries worldwide.
Clougherty Packing, LLC