Hormel Foods Corporation bonds HRL
Who owns Hormel Foods Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. HRL stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 440452AK6 | 4.8% fixed | 2027-03-30 | USD | 100.24 | 4.42% | 51 bp | 3 | $16.7M | Jul 2026 |
| 440452AH3 | 1.7% fixed | 2028-06-03 | USD | 95.08 | 4.51% | 32 bp | 10 | $8.8M | Jul 2026 |
| 440452AF7 | 1.8% fixed | 2030-06-11 | USD | 89.39 | 4.84% | 55 bp | 10 | $8.0M | Jul 2026 |
| 440452AJ9 | 3.05% fixed | 2051-06-03 | USD | 62.13 | 6.00% | 90 bp | 4 | $1.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 4 | $34.7M | 92.24 | 4.84% | 55 bp | 10 |
| Jun 2026 | 4 | $91.6M | 92.46 | 4.62% | 44 bp | 24 |
| May 2026 | 4 | $81.0M | 92.48 | 4.55% | 45 bp | 20 |
| Apr 2026 | 4 | $35.1M | 92.49 | 4.47% | 59 bp | 10 |
| Mar 2026 | 4 | $93.1M | 92.33 | 4.47% | 66 bp | 24 |
| Feb 2026 | 4 | $91.7M | 93.39 | 3.94% | 39 bp | 20 |
| Jan 2026 | 4 | $36.8M | 92.79 | 4.07% | 45 bp | 11 |
| Dec 2025 | 4 | $115.7M | 92.66 | 4.06% | 46 bp | 22 |
| Nov 2025 | 4 | $93.5M | 92.65 | 4.01% | 41 bp | 17 |
| Oct 2025 | 4 | $35.1M | 92.22 | 4.11% | 51 bp | 11 |
| Sep 2025 | 4 | $113.8M | 91.99 | 4.12% | 52 bp | 21 |
| Aug 2025 | 4 | $92.8M | 91.82 | 4.16% | 39 bp | 17 |
| Jul 2025 | 4 | $34.2M | 90.92 | 4.40% | 46 bp | 11 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 17 added, 26 cut, 1 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.7M | $28.5M | $43K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $32.3M | $27.3M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $24.2M | $22.0M | -$3.4M |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $12.6M | $12.6M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.9M | $11.0M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $12.2M | $10.4M | -$4.7M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.7M | $9.8M | -$2.2M |
| AVE MARIA BOND FUND Schwartz Investment Trust | 2026-06-30 | $7.0M | $6.3M | $0 |
| Invesco BulletShares 2030 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $6.8M | $6.1M | $350K |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $6.2M | $5.9M | $76K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $5.5M | $5.2M | $331K |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.1M | $5.1M | $74K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $5.2M | $4.6M | $258K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.2M | $4.6M | -$585K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.8M | $4.3M | -$149K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $6.7M | $4.3M | $3.1M |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $3.6M | $3.6M | $81K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.9M | $2.7M | -$176K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.1M | $2.5M | $155K |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $2.5M | $2.3M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $3.2M | $2.1M | -$348K |
| PRAXIS IMPACT BOND FUND Praxis Mutual Funds | 2026-06-30 | $2.2M | $2.0M | $0 |
| iShares 0-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-07-31 | $1.8M | $1.7M | $45K |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $2.0M | $1.7M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.6M | $1.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Empower Bond Index Fund ($1.2M), First American Multi-Manager Fixed-Income Fund ($137K), SA Multi-Managed Diversified Fixed Income Portfolio ($65K), Transamerica Strategic Income ($65K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $33.7M | $28.5M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $24.2M | $22.0M | 0.04% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $11.9M | $11.0M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $12.2M | $10.4M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $10.7M | $9.8M | 0.04% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $6.8M | $6.1M | 0.24% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $6.2M | $5.9M | 0.17% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $5.5M | $5.2M | 0.13% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $5.1M | $5.1M | 0.11% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $5.2M | $4.6M | 0.14% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $5.2M | $4.6M | 0.03% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $4.8M | $4.3M | 0.01% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $6.7M | $4.3M | 0.05% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $3.6M | $3.6M | 0.09% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $2.9M | $2.7M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.95: safer than 72% of companies (62th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-07-26.
| Equity value | $11.21B |
| Debt barrier (short-term + ½ long-term debt) | $1.68B |
| Equity volatility (1 year) | 29.4% |
| Asset value / asset volatility (solved) | $12.82B / 25.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 55 bp spread prices in about 0.9% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 3.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HRL's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 68 | $48.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 612 | $5.91B | 14 | $44.2M | 17 | $100.7M | 0 |
| 2026-03-31 | 614 | $4.45B | 12 | $31.8M | 16 | $65.6M | 0 |
| 2025-12-31 | 630 | $5.54B | 12 | $45.1M | 15 | $68.0M | 0 |
| 2025-09-30 | 590 | $5.83B | 13 | $42.6M | 14 | $45.3M | 0 |
| 2025-06-30 | 630 | $7.11B | 14 | $29.1M | 11 | $36.6M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.