| Address:
|
1 HORMEL PL
|
| City: |
AUSTIN |
|
State: |
MN |
|
Zip Code: |
55912-3680 |
| Telephone: |
(507) 437-5611 |
|
Description of Business
|
Primary SIC Code:
2011 |
| (As filed with the SEC)
|
|
|
Hormel Foods Corporation, a Delaware corporation (the Company), was founded by
George A. Hormel in 1891 in Austin, Minnesota, as George A. Hormel & Company.
The Company started as a processor of meat and food products and continues in
this line of business. The Company name was changed to Hormel Foods Corporation
on January 31, 1995. The Company is primarily engaged in the production of a
variety of meat and food products and the marketing of those products throughout
the United States and internationally. Although pork and turkey remain the
major raw materials for its products, the Company has emphasized for several
years the manufacturing and distribution of branded, value-added consumer items
rather than the commodity fresh meat business. The Company has continually
expanded its product portfolio through organic growth, new product development,
and acquisitions. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 10/2011 | 1.74 | 0.128 | 16.94 | | 07/2011 | 1.76 | 0.128 | 16.46 | | 04/2011 | 1.71 | 0.128 | 17.20 | | 01/2011 | 0.80 | 0.128 | 30.88 | | 10/2010 | 0.73 | 0.105 | 31.45 | | 07/2010 | 1.40 | 0.105 | 15.33 | | 04/2010 | 1.36 | 0.105 | 14.93 | | 01/2010 | 1.38 | 0.105 | 14.07 |
Key Financial Ratios and Statistics |
FYE:
10/30 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 61.31 | Total Liab/Total Assets | 0.37 | | Net Inc/Total Assets | 0.11 | Total Liab/Inv Cap | 0.46 | | Net Inc/Inv Cap | 0.14 | Total Liab/Comm Equity | 205.30 | | Pretax Inc/Net Sales | 0.09 | Interest Coverage Ratio | 32.72 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 0.09 | | SG&A/NetSales | 0.08 | Total Debt/Equity | 0.09 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 14.83 | Quick Ratio | 1.43 | | Inventory Turnover | 7.81 | Current Ratio | 2.57 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.28 | | Net Sales/Work Cap | 6.47 | Inv/Curr Assets | 0.44 | | Net Sales/PP&E | 8.70 | | |
Income Statement (Millions) |
| |
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Total Revenues(Net Sales)
|
2,103.90
|
1,910.59
|
1,959.04
|
1,921.56
|
|
Cost of Goods Sold
|
1,767.87
|
1,612.74
|
1,632.81
|
1,547.55
|
|
Selling & Admin Exps
|
156.69
|
156.60
|
160.14
|
145.16
|
|
Operating Income
|
186.95
|
146.82
|
172.76
|
235.75
|
|
Interest Exp
|
3.27
|
5.62
|
7.19
|
6.58
|
|
Pretax Income
|
180.34
|
141.34
|
167.55
|
229.61
|
|
Other Income
|
-3.34
|
0.14
|
1.97
|
0.44
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
117.31
|
98.48
|
109.58
|
148.83
|
|
Assets
|
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Cash & Short Term Investments
|
539.21
|
573.49
|
964.71
|
649.53
|
|
Receivables - Total
|
554.74
|
515.06
|
481.42
|
476.15
|
|
Inventories - Total
|
885.82
|
865.88
|
810.39
|
787.28
|
|
Total Current Assets
|
1,998.23
|
1,977.12
|
2,287.20
|
1,949.23
|
|
Net Property, Plant & Equipment
|
907.09
|
895.90
|
905.52
|
915.63
|
|
Total Assets
|
4,244.39
|
4,149.53
|
4,451.42
|
4,122.95
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
778.19
|
700.96
|
655.94
|
670.20
|
|
Debt in Current Liabilities
|
0.00
|
0.00
|
350.00
|
350.00
|
|
Total Current Liabilities
|
778.19
|
700.96
|
1,005.94
|
1,020.20
|
|
Long-Term Debt
|
250.00
|
250.00
|
250.00
|
NA
|
|
Total Liabilities
|
1,587.81
|
1,489.89
|
1,813.60
|
1,575.24
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
3.23
|
6.98
|
5.43
|
4.27
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
7.73
|
7.80
|
7.84
|
7.82
|
|
Retained Earnings
|
2,824.33
|
2,806.39
|
2,759.12
|
2,683.69
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
2,656.58
|
2,659.64
|
2,637.82
|
2,547.71
|
|
Total Liabilities and Stockholders' Equity
|
4,244.39
|
4,149.53
|
4,451.42
|
4,122.95
|
Cash Flow Summary (Millions) |
|
Categories
|
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Net Cash Provided by Operating Activities
|
171.05
|
43.51
|
110.59
|
165.33
|
|
Net Cash Provided by Investing Activities
|
-98.03
|
-40.49
|
-13.94
|
-18.52
|
|
Net Cash Provided by Financing Activities
|
-107.26
|
-419.36
|
218.25
|
-15.84
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 10/2007 | 6,193.03 | 301.89 | 1.08 | | 10/2008 | 6,754.90 | 285.50 | 1.04 | | 10/2009 | 6,533.67 | 342.81 | 1.26 | | 10/2010 | 7,220.72 | 395.59 | 0.73 | | 10/2011 | 7,895.09 | 474.20 | 1.74 | | Growth Rates | 6.26 | 11.95 | 12.66 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 353 | 84,568 | 32.03 |
|
Report Date :
2/6/2012
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