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.
Positive
None.
Negative
None.
Insights
State Street discloses a 5% institutional stake in Hormel Foods, held in the ordinary course without control intent.
State Street Corporation reports beneficial ownership of 27,318,643 shares of Hormel Foods common stock, equal to 5% of the class as of 12/31/2025. This makes it a major institutional holder with shared influence over voting and disposition of these shares.
The disclosure shows shared voting power on 21,835,498 shares and shared dispositive power on 27,317,546 shares, with no sole authority. The shares are certified as held in the ordinary course of business and not to change or influence control of Hormel Foods.
This type of institutional ownership filing is routine. Its practical impact depends on how State Street’s asset management subsidiaries vote and manage these shares in future shareholder decisions, as they act for underlying clients and funds rather than on their own balance sheet.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
HORMEL FOODS CORP
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
440452100
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
440452100
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
21,835,498.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
27,317,546.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
27,318,643.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
HORMEL FOODS CORP
(b)
Address of issuer's principal executive offices:
1 HORMEL PLACE, AUSTIN, MINNESOTA, 55912
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP No.:
440452100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
27318643.00
(b)
Percent of class:
5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
21,835,498
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
27,317,546
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS ASIA LIMITED (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does State Street hold in Hormel Foods (HRL)?
State Street Corporation reports beneficial ownership of 27,318,643 Hormel Foods shares, representing 5% of the common stock. This makes State Street a major institutional holder as of December 31, 2025, with shared voting and dispositive power rather than sole control over the shares.
How much voting power does State Street have in Hormel Foods (HRL)?
State Street reports shared voting power over 21,835,498 Hormel Foods shares and no sole voting power. It also reports shared dispositive power over 27,317,546 shares, indicating influence exercised alongside clients or affiliates rather than direct, unilateral control over these holdings.
Is State Street’s 5% Hormel Foods (HRL) stake intended to influence control?
No, State Street certifies the Hormel Foods shares were acquired and are held in the ordinary course of business. The filing explicitly states they were not acquired, and are not held, for the purpose or effect of changing or influencing control of Hormel Foods Corporation.
Which State Street subsidiaries are linked to the Hormel Foods (HRL) holdings?
The filing lists multiple asset management subsidiaries connected to the reported holdings. These include SSGA Funds Management, Inc. and several State Street Global Advisors entities in Japan, Asia, Europe, the United Kingdom, Singapore, the United States and Australia, reflecting global asset-management involvement.
When was State Street’s 5% ownership in Hormel Foods (HRL) measured?
The 5% beneficial ownership in Hormel Foods common stock is stated as of December 31, 2025. That date is the event triggering the ownership disclosure, providing investors with a snapshot of State Street’s position at year-end 2025.
What type of securities does State Street hold in Hormel Foods (HRL)?
State Street’s reported position is entirely in Hormel Foods common stock. The filing identifies the class as common stock with CUSIP 440452100, confirming that the disclosed 27,318,643 shares and associated 5% beneficial ownership relate to the company’s primary equity securities.
