Hormel Foods Corporation

Day range

$20.89 – $21.36

Open

$21.23

Prev close

$21.36

Volume

1.88M

Market cap

$11.76B

Shares out

550.35M

P/E

34.30

P/S

0.97

P/B

1.50

P/FCF

15.05

ROE

4.4%

ROA

2.6%

Debt/Equity

0.36

Div yield

5.45%

As of Oct 22, 2026

• Investor communicationsSep 30, 2026

  On September 30, 2026, the Company will hold an investor conference call to discuss the transaction contemplated by the Purchase Agreement. A copy of the investor presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

• Executive leadershipAug 24, 2026

  The Company signed an offer letter with Mr. Bhumbla (the "Offer Letter"). As set forth in the Offer Letter, Mr. Bhumbla will be entitled to the following initial compensation and benefits: (1) an annual base salary at the rate of $700,000 per year; (2) participation in the Company's annual short-term incentive compensation program, with a target award opportunity equal to 100% of Mr. Bhumbla's annual base salary rate; (3) participation in the Company's long-term incentive compensation plan, with an annual long-term incentive target of $2.1 million; and (4) a one-time cash sign-on award of $700,000, and a one-time restricted stock unit award with a grant date value of $1.2 million.

• Executive leadershipJul 28, 2026

  On July 27, 2026, the Board of Directors (the "Board") of Hormel Foods Corporation (the "Company") appointed John F. Ghingo, the Company's current President and a member of the Board, as the Company's President and Chief Executive Officer, effective October 26, 2026. Mr. Ghingo, age 53, brings over 20 years of experience in the consumer-packaged foods industry to the position of President and Chief Executive Officer.

• Executive leadershipJun 12, 2026

  Mr. Neufeldt will continue to receive his current annual base salary of $526,400, plus a cost-of-living adjustment of $56,103 per year, both subject to review and adjustment in the ordinary course. During his international assignment, Mr. Neufeldt will also be entitled to certain benefits including reimbursement of travel expenses, special relocation payment of $20,000, housing assistance in Singapore with annual housing allowance of $90,566 per year, tax equalization payments, and other expatriate benefits.

• Earnings and performanceFeb 18, 2026

  On February 17, 2026, Hormel Foods Corporation (the "Company") issued a press release that included certain preliminary results for the first quarter ended January 25, 2026

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Days to cover

4.7

Short interest

22.8M

Avg volume

4.89M

As of Sep 30, 2026 · reported to FINRA twice monthly.

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