UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Hormel Foods Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
440452 10 0
CUSIP Number
Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
(continued on following page(s))
SCHEDULE 13G
CUSIP NO.440452 10 0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hormel Foods Corporation Joint Earnings Profit Sharing Trust
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
5. SOLE VOTING POWER
NUMBER OF N/A
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON N/A
WITH
8. SHARED DISPOSITIVE POWER
N/A
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,745,711
(While this number of shares is reported as held by the
Plan, beneficial ownership is disclaimed as noted in Item
4.)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.85%
12. TYPE OF REPORTING PERSON*
EP
Item 1 (a) Name of Issuer:
Hormel Foods Corporation
Item 1 (b) Address of Issuer's Principal Executive Offices:
1 Hormel Place, Austin, MN 55912
Item 2 (a) Name of Person Filing:
Hormel Foods Corporation Joint Earnings Profit Sharing Trust
Item 2 (b) Address of Principal Business Office:
Hormel Foods Corporation Joint Earnings Profit Sharing Trust
Attention: Mr. J. E. Alexander
1 Hormel Place
Austin, MN 55912
Item 2 (c) Citizenship:
State of Minnesota
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
440452 10 0
Item 3. Person Filing is:
Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund
Item 4. Ownership:
The Plan holds 3,745,711 shares of the issuer's Common
Stock, which represents 4.85% of the issued shares of Common
Stock as of December 31, 1996. Plan participants have the
sole power to direct the vote of the Common Stock held by
the Plan, so the Plan has neither sole power to vote or to
direct the vote nor shared power to vote or to direct the
vote of any shares of Common Stock.
Plan participants have the right to determine whether Plan
shares of Common Stock will be tendered in response to a
tender offer. Additionally, under the terms of the Plan, in
the view of the Administrative Committee the Plan does not
have dispositive power for the Common Stock held by the
Plan.
Item 5. Ownership of Five Percent or Less of a Class:
The Plan holds the Common Stock on behalf of the employees
of the issuer and its subsidiaries who are participants in
the Plan. Participants in the Plan or their beneficiaries
have the right to receive dividends from, and proceeds from
the sale of, the Common Stock in the amount allocated to
their respective accounts at the time and in the manner
specified in the agreement creating the Plan. This
statement is being filed to report that as of the date
hereof such holdings have ceased to be more than five
percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
N/A
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company:
N/A
Item 8. Identification and Classification of Members of
the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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.
Dated: February 1, 1997
HORMEL FOODS CORPORATION
JOINT EARNINGS PROFIT SHARING TRUST
Signature
J. E. ALEXANDER, Member of Administrative Committee
Name/Title
Signature
J. A. JORGENSON, Member of Administrative Committee
Name/Title
Signature
M. J. McCOY, Member of Administrative Committee
Name/Title
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