Steven J. Lykken net worth and biography

Steven Lykken Biography and Net Worth

As group vice president of Hormel Foods and president of Jennie-O Turkey Store, Inc., Steve Lykken oversees the company’s Jennie-O Turkey Store business segment. Hormel Foods is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its brands include Planters®, SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Columbus®, Wholly® Guacamole, Hormel® Black Label® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the “Global 2000 World’s Best Employers” list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s “The 100 Best Corporate Citizens” list for the 12 years, and has received numerous other awards and accolades for its corporate responsibility and community service efforts.

Lykken became president of Jennie-O Turkey Store, Inc., in 2017, after being appointed chief operating officer of Applegate Farms, LLC., in August 2015 and promoted to president in 2016. He is a 29-year veteran of Hormel Foods Corporation and was senior vice president of supply chain at Jennie-O Turkey Store, Inc., prior to his appointment to Applegate’s senior leadership team. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. He became senior vice president of the retail division of Jennie-O Turkey Store, Inc., in 2003.

Lykken is a graduate of Minnesota State University-Moorhead with a Bachelor of Science degree in international business and of the University of Minnesota, Carlson School of Management Executive Program in Minneapolis.

He currently serves as an executive committee member of the National Turkey Federation. He has previously held roles as an executive committee member of the USA Poultry and Egg Export Council, board member of the Community Christian School in Willmar, Minn., and served the United Way of West of Central Minnesota for nine years as both a board member and past president. He currently serves on the governance board of the YMCA of Kandiyohi County.

Steve and his wife have three children. He enjoys physical fitness and boating in his free time.

What is Steven J. Lykken's net worth?

The estimated net worth of Steven J. Lykken is at least $1.26 million as of December 2nd, 2020. Mr. Lykken owns 26,720 shares of Hormel Foods stock worth more than $1,262,520 as of December 1st. This net worth estimate does not reflect any other investments that Mr. Lykken may own. Learn More about Steven J. Lykken's net worth.

How do I contact Steven J. Lykken?

The corporate mailing address for Mr. Lykken and other Hormel Foods executives is 1 HORMEL PL, AUSTIN MN, 55912. Hormel Foods can also be reached via phone at (507) 437-5611 and via email at [email protected] Learn More on Steven J. Lykken's contact information.

Has Steven J. Lykken been buying or selling shares of Hormel Foods?

Steven J. Lykken has not been actively trading shares of Hormel Foods within the last three months. Most recently, Steven J. Lykken sold 16,000 shares of the business's stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $50.18, for a transaction totalling $802,880.00. Learn More on Steven J. Lykken's trading history.

Who are Hormel Foods' active insiders?

Hormel Foods' insider roster includes Deanna Brady (EVP), Mark Coffey (SVP), Jana Haynes (VP), Gary Jamison (VP), Glenn Leitch (EVP), Steven Lykken (VP), Lori Marco (VP), Luis Marconi (VP), Elsa Murano (Director), Kevin Myers (SVP), Susan Nestegard (Director), Swen Neufeldt (VP), Christopher Policinski (Director), James Sheehan (CFO), and James Splinter (VP). Learn More on Hormel Foods' active insiders.

Are insiders buying or selling shares of Hormel Foods?

During the last year, insiders at the sold shares 11 times. They sold a total of 81,846 shares worth more than $4,095,095.48. The most recent insider tranaction occured on September, 9th when SVP Kevin L Myers sold 5,000 shares worth more than $236,000.00. Insiders at Hormel Foods own 0.8 % of the company. Learn More about insider trades at Hormel Foods.

Information on this page was last updated on 9/9/2022.

Steven J. Lykken Insider Trading History at Hormel Foods

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/23/2022Sell16,000$50.18$802,880.00View SEC Filing Icon  
7/1/2021Sell22,600$47.61$1,075,986.00View SEC Filing Icon  
12/2/2020Buy6,873$46.97$322,824.8126,720View SEC Filing Icon  
4/8/2020Sell10,557$47.64$502,935.4834,714View SEC Filing Icon  
10/7/2019Sell6,449$43.73$282,014.7724,732View SEC Filing Icon  
8/31/2018Sell3,614$38.93$140,693.0214,337View SEC Filing Icon  
See Full Table

Steven J. Lykken Buying and Selling Activity at Hormel Foods

This chart shows Steven J Lykken's buying and selling at Hormel Foods by year and by quarter.

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Hormel Foods Company Overview

Hormel Foods logo
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
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Today's Range

Now: $47.18
Low: $46.62
High: $47.43

50 Day Range

MA: $46.70
Low: $44.54
High: $49.41

2 Week Range

Now: $47.18
Low: $41.25
High: $55.11

Volume

57,000 shs

Average Volume

1,372,628 shs

Market Capitalization

$25.77 billion

P/E Ratio

25.78

Dividend Yield

2.16%

Beta

0.19