Hormel Foods Corp., founded in 1891 and headquartered in Austin, Minnesota, is a global food producer specializing in the manufacture and marketing of various meat and food products. The company’s extensive product portfolio includes well-known brands such as Hormel®, Spam®, and Jennie-O®, serving both retail and foodservice markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| HRL 1.70% 2028-06-03 USDHormel Foods Corp. | United States | 2028-06-03 | 1.700 | 3.88 |
| HRL 1.80% 2030-06-11 USDHormel Foods Corp. | United States | 2030-06-11 | 1.800 | 4.05 |
| HRL 3.05% 2051-06-03 USDHormel Foods Corp. | United States | 2051-06-03 | 3.050 | 5.55 |
| HRL 4.80% 2027-03-30 USDHormel Foods Corp. | United States | 2027-03-30 | 4.800 | 3.96 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Hormel Foods has a history of bond issuance dating back to the early 2000s, providing investors with opportunities to participate in its growth. Notably, in 2020, the company issued $500 million in senior notes to finance its acquisition of Planters, enhancing its portfolio diversification. Currently, Hormel's bonds yield around 3%, which is competitive compared to the food industry average. The company maintains a strong credit rating, reflecting its solid financial position and consistent operational performance.