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Steven J. Lykken net worth and biography

Steven Lykken Biography and Net Worth

VP of Hormel Foods

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 $942,414.40 as of December 2nd, 2020. Mr. Lykken owns 26,720 shares of Hormel Foods stock worth more than $942,414 as of April 26th. 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 during the past quarter. 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), Patrick Connor (VP), Jana Haynes (VP), Gary Jamison (VP), Glenn Leitch (EVP), Pierre Lilly (SVP), Steven Lykken (VP), Lori Marco (VP), Luis Marconi (VP), Elsa Murano (Director), Kevin Myers (SVP), Susan Nestegard (Director), Swen Neufeldt (VP), Mark Ourada (VP), Christopher Policinski (Director), James Sheehan (CFO), James Snee (CEO), and James Splinter (VP). Learn More on Hormel Foods' active insiders.
Are insiders buying or selling shares of Hormel Foods?: During the last year, Hormel Foods insiders bought shares 1 times. They purchased a total of 1,454 shares worth more than $54,161.50. During the last year, insiders at the sold shares 11 times. They sold a total of 119,821 shares worth more than $4,321,713.66. The most recent insider tranaction occured on March, 28th when SVP Kevin L Myers sold 10,000 shares worth more than $349,500.00. Insiders at Hormel Foods own 0.7% of the company. Learn More about insider trades at Hormel Foods.
Information on this page was last updated on 3/28/2024.

Steven J. Lykken Insider Trading History at Hormel Foods

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/23/2022	Sell	16,000	$50.18	$802,880.00
7/1/2021	Sell	22,600	$47.61	$1,075,986.00
12/2/2020	Buy	6,873	$46.97	$322,824.81	26,720
4/8/2020	Sell	10,557	$47.64	$502,935.48	34,714
10/7/2019	Sell	6,449	$43.73	$282,014.77	24,732
8/31/2018	Sell	3,614	$38.93	$140,693.02	14,337

Steven J. Lykken Buying and Selling Activity at Hormel Foods

Hormel Foods Company Overview

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company 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, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands 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.

Today's Range

Now: $35.27

$35.20

$35.87

50 Day Range

MA: $33.71

$28.99

$35.60

2 Week Range

Now: $35.27

$28.51

$41.73

Volume

1,743,566 shs

Average Volume

3,089,244 shs

Market Capitalization

$19.32 billion

P/E Ratio

24.16

Dividend Yield

3.22%

Beta

0.27