In 1970, the company built a dry sausage facility in Algona, Iowa, and seven years later another plant in Knoxville, Iowa. Today pepperoni is still being made at both of these locations, as well as at the Austin (Minn.) Plant.

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.

the United States Hormel Foods is a publicly traded, global branded food company on the New York Stock Exchange (NYSE:HRL). The company is headquartered in Austin, Minnesota and operates more than 30 production facilities throughout the United States.

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.

The Gates Foundation initiated its position in Hormel Foods Corporation (NYSE:HRL) during the fourth quarter of 2022, with shares worth nearly $100 million. The company represented 0.27% of Bill Gates' portfolio.

Hormel Foods is a Fortune 500 company that manufactures and markets high-quality, brand-name food and meat products globally.

The Hormel Foundation The Hormel Foundation, Endowment Arm is currently the company's largest shareholder with 47% of shares outstanding. With 6.5% and 5.1% of the shares outstanding respectively, The Vanguard Group, Inc. and State Street Global Advisors, Inc. are the second and third largest shareholders.

the United States Hormel Foods is a publicly traded, global branded food company on the New York Stock Exchange (NYSE:HRL). The company is headquartered in Austin, Minnesota and operates more than 30 production facilities throughout the United States.

Hormel Foods Corporation is an American food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937.

Valuation metrics show that Hormel Foods Corporation may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of HRL, demonstrate its potential to underperform the market. It currently has a Growth Score of C.

Hormel is a longtime dividend payer, having raised its quarterly payout every year for 57 years, and most investors own the stock for its consistent dividend income and its resilience in a recession, as it sells a wide range of supermarket staples, including canned items that consumers are likely to turn to save money.

What happened. Shares of Hormel Foods (HRL 0.31%) were taking a dive after the normally solid consumer staples stock disappointed the market with its long-term forecast and struck a deal with its union to pay higher wages.