Policinski Christopher J. reported acquisition or exercise transactions in this Form 4 filing.
Hormel Foods Corp. director Christopher J. Policinski received an equity-based award of phantom stock units tied to the company’s common stock. The grant covers 2,491.7200 units at a reference value of $22.6500 per unit, increasing his directly held equivalent common stock units to 124,912.3260.
The units were granted under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan pursuant to the 2026 Equity and Incentive Compensation Plan. Each phantom stock unit equals one share of common stock and is payable, in shares, after his service as a director ends or upon certain change-in-control separation events.
Hormel Foods Corp: The Vanguard Group filed an Amendment No. 8 to Schedule 13G/A reporting 0 shares beneficially owned (0%) of Hormel Foods common stock following an internal realignment. The filing states that, after the January 12, 2026 disaggregation, certain Vanguard subsidiaries report ownership separately.
The filing is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 03/27/2026.
Hormel Foods Corporation executive William W. Bonifant, Group Vice President and Chief Supply Chain Officer, filed an initial ownership report on Form 3. This filing lists him as an officer of the company but shows no stock purchases, sales, or other reportable transactions at this time.
Hormel Foods director Steven Andrew White reported gifting 10,810 shares of common stock. He made two bona fide gifts of 5,405 shares each on March 18, 2026, one from his direct holdings and one from shares held through his spouse's irrevocable trust.
After these transfers, White held 39,527.751 shares directly and 52,532 shares indirectly via the spouse's irrevocable trust. These are non-cash, non-market transactions and do not reflect open-market buying or selling of Hormel Foods stock.
Hormel Foods Corp executive Domenic Borrelli has filed an initial insider ownership report. As Executive Vice President, Retail, he submitted a Form 3 covering his status as an officer of Hormel Foods Corp. The filing does not report any insider buy or sell transactions and instead serves as a baseline disclosure of his position as a reporting person under insider ownership rules.
Hormel Foods reported a solid first quarter of fiscal 2026, with net sales of $3.03 billion, up 1.3%, and diluted EPS of $0.33, a 6.5% increase. Adjusted diluted EPS was $0.34, down 2.9% as higher costs offset gains.
Foodservice and International segments grew sales 7.3% and 7.6%, respectively, and increased profit, while Retail sales fell 2.2% and profit dropped 19.3% due to lower volumes, higher raw materials, and rising logistics expenses. Gross margin slipped to 15.5% of sales.
The company recorded a $23.5 million gain from selling a controlling stake in Justin’s, LLC and began executing a corporate restructuring plan, incurring $8.5 million of related costs. Operating cash flow strengthened to $349 million, helped by a $91 million inventory reduction, while cash ended at $867.9 million and long-term debt remained about $2.9 billion.
Hormel Foods reported first-quarter fiscal 2026 net sales of $3.03 billion, with organic net sales up 1.6%. Operating income was $244 million, and diluted EPS was $0.33, up from $0.31, while adjusted diluted EPS was $0.34 versus $0.35 a year earlier.
Performance was mixed by segment: Retail net sales fell 2% and segment profit declined 19%, while Foodservice net sales rose 7% and profit increased 13%. International net sales grew 8% with segment profit up 10%. Cash flow from operations reached $349 million, and the company returned about $160 million to shareholders through dividends.
For full-year 2026, Hormel reaffirmed net sales guidance of $12.2–$12.5 billion and adjusted EPS of $1.43–$1.51, implying 4–10% growth. GAAP EPS guidance was raised to $1.37–$1.46. The outlook incorporates the completed sale of the Justin’s® business and excludes the pending sale of the whole-bird turkey business, which is expected to reduce 2026 net sales by about $50 million with minimal impact on adjusted EPS.
Hormel Foods Corporation reported preliminary first quarter fiscal 2026 results, expecting net sales of approximately $3 billion, driven by 2% organic net sales growth compared to the prior-year quarter. The company anticipates diluted EPS of $0.33 and adjusted diluted EPS of $0.34.
Hormel reaffirmed its fiscal 2026 guidance for organic net sales and adjusted diluted EPS and highlighted initiatives to return to profitable growth. It also entered a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, and currently estimates minimal impact on its 2026 net sales and adjusted EPS guidance.
Hormel Foods Corporation filed an amended report to detail the separation arrangements for former Executive Vice President and Chief Financial Officer Jacinth Smiley, whose last day with the company was November 30, 2025. Under a Separation Agreement effective February 11, 2026, and conditioned on her signing and not revoking a general release of claims, she will receive three cash payments: $941,667 shortly after the Release revocation period ends, $916,667 on or close to January 15, 2027, and $916,666 on or close to January 14, 2028. She also remains eligible for a payout under a cash-based long-term incentive performance award granted on November 20, 2023, as if she had stayed employed through October 25, 2026. The agreement reinforces existing non-competition, non-solicitation, and confidentiality obligations and adds further confidentiality, non-disparagement, cooperation, and a 36-month non-solicitation commitment.
State Street Corporation has reported a significant ownership position in Hormel Foods Corp common stock. As of 12/31/2025, it beneficially owned 27,318,643 shares, representing 5% of the outstanding common stock.
State Street reports shared voting power over 21,835,498 shares and shared dispositive power over 27,317,546 shares, with no sole voting or dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Hormel Foods.