Hormel Foods Corporation

HRL

US4404521001

Food Processing

Market Closed - Nyse Other stock markets 02:30:02 14/02/2026 am IST			5-day change	1st Jan Change
23.78 ^USD	+1.45%		-4.61%	+0.34%

13/02	Hormel Foods Corporation Appoints Will Bonifant as Chief Supply Chain Officer, Effective March 9, 2026	CI
13/02	Keurig Dr Pepper Announces Appointment of Amie Thuener and William Newlands as Independent Directors and Restructures Board Committees, Effective March 2, 2026	CI

Forward Consumer Partners, LLC completed the acquisition of 51% stake in Justin's, LLC from Hormel Foods Corporation.

Published on 12/15/2025

S&P Capital IQ

HORMEL FOODS CORPORATION

+1.45%

Forward Consumer Partners, LLC signed a definitive agreement to acquire 51% stake in Justin's, LLC from Hormel Foods Corporation (NYSE:HRL) on October 28, 2025. After the acquisition, Justin's branded business will become a standalone company, owned 51% by Forward and 49% by Hormel Foods.

Concurrent with the closing of the partnership, Justin Gold will return to the business as a strategic advisor and member of the new partnership's board of directors. Peter Burns will also return as Chief Executive Officer.

The transaction is expected to close by the end of the calendar year.

Greenhill & Co., Inc. acted as financial advisor for Hormel Foods Corporation. Faegre Drinker Biddle & Reath LLP acted as legal advisor for Hormel Foods Corporation. Amanda C. Border, Giorgia A. Nagalli, Liam N. Murphy, Kathryn Keves Leonard, S. Grant Bowen, Seth Traxler, Jessie Perlman, and Frances G. Tompson of Kirkland & Ellis LLP acted as legal advisor for Forward Consumer Partners, LLC.

Forward Consumer Partners, LLC completed the acquisition of 51% stake in Justin's, LLC from Hormel Foods Corporation (NYSE:HRL) on December 15, 2025.

Latest news about Hormel Foods Corporation

13/02	Hormel Foods Corporation Appoints Will Bonifant as Chief Supply Chain Officer, Effective March 9, 2026	CI
13/02	Keurig Dr Pepper Announces Appointment of Amie Thuener and William Newlands as Independent Directors and Restructures Board Committees, Effective March 2, 2026	CI
11/02	Stephens Adjusts Hormel Foods PT to $25 From $27, Maintains Equal Weight Rating	MT
31/01	Hormel Foods Corporation - Shareholder/Analyst Call
16/01	Where the Money's Moving
16/01	Small Minneapolis businesses hit hard by ICE crackdown, while corporations stay silent	RE
16/01	Hormel Foods Corporation Appoints Domenic Borrelli as Executive Vice President of Retail, Effective February 23, 2026	CI
18/12	Hormel Foods Corporation Announces Appointment of Jason Levine as Chief Marketing Officer	CI
18/12	Hormel Foods announces appointment of Jason Levine to new enterprise-wide chief marketing officer position	RE
16/12	Hormel Foods and Forward Consumer Partners Complete Transaction to Establish Justin's as a Standalone Company	CI
15/12	The Skippy®? Brand Partners with Milk Bar®? to Reveal the Secret Ingredient Behind A Holiday Favorite	CI
15/12	Forward Consumer Partners, LLC completed the acquisition of 51% stake in Justin's, LLC from Hormel Foods Corporation.	CI
09/12	Barclays Adjusts Price Target on Hormel Foods to $30 From $31, Maintains Overweight Rating	MT
08/12	Stephens Adjusts Price Target on Hormel Foods to $27 From $25, Maintains Equalweight Rating	MT
06/12	Tranche Update on Hormel Foods Corporation's Equity Buyback Plan announced on January 31, 2013.	CI

Chart Hormel Foods Corporation

Duration

Period

HRL: Dynamic Chart

Company Profile

Hormel Foods Corporation is a food processing group organized around two families of products: - perishable products (72.9% of net sales): fresh meat, refrigerated and frozen products based on beef and pork, etc.; - shelf-stable products (27.1%): grocery products, canned meats, nuts, stews, tortillas, sauces, chips, food supplements, etc. ; - other (0.9%). The United States account for 94.5% of net sales.

Employees

20,000

Sector

Food Processing

Calendar

19/02 - Consumer Analyst Group Of New York Conference

More about the company