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HORMEL FOODS CORPORATION

(HRL)
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Hormel Foods : Donation Helps Fight Hunger in Beloit

10/19/2021 | 11:11am EST

"As a food company, fighting hunger is near and dear to the hearts of our entire team," said Roger Vos, plant manager, Beloit Plant. "Our inspired and dedicated team members make it possible for us to help those in need. We are proud to join these organizations in fighting hunger in our community."

This is the 11th consecutive year Hormel Foods has given funds to its locations to share with nonprofits in their respective communities to fight hunger. In 2020, Hormel Foods donated $350,000 to 40 local hunger-relief organizations, bringing the program's total contribution to local hunger-relief efforts to more than $2 million thus far. Through this program as well as COVID-19 donations, disaster-relief efforts and other donations, Hormel Foods contributed $6.4 million in cash and product donations to help address hunger in 2020.

"As a leading corporate citizen, Hormel Foods remains committed to fighting hunger around the world and in the communities where our team members work and live," said Wendy Watkins, vice president of corporate communications at Hormel Foods. "By working with organizations at a local level, our locations have found great success in helping meet the needs of their community."

Additional information about the company's hunger-relief efforts is available in the Hormel Foods Corporate Responsibility Report.

Disclaimer

Hormel Foods Corporation published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 15:10:04 UTC.


ę Publicnow 2021
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Sales 2022 12 179 M - -
Net income 2022 1 082 M - -
Net Debt 2022 2 447 M - -
P/E ratio 2022 24,8x
Yield 2022 2,12%
Capitalization 26 591 M 26 591 M -
EV / Sales 2022 2,38x
EV / Sales 2023 2,29x
Nbr of Employees 20 000
Free-Float -
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 49,01 $
Average target price 45,90 $
Spread / Average Target -6,35%
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Managers and Directors
James P. Snee Chairman, President & Chief Executive Officer
Jacinth C. Smiley Chief Financial Officer & Executive Vice President
Kevin L. Myers Senior Vice President-Research & Development
Pierre Lilly Chief Compliance Officer & Senior Vice President
Elsa A. Murano Independent Director
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