Associated Press
NEW YORK -- Sixteen Minnesota companies made the Fortune 500, which is Fortune magazine's ranking of the nation's largest companies.
Target, at No. 34, is the highest rated of the Minnesota companies. Hormel Foods of Austin moved up 60 spots and comes in at No. 392.
The list is compiled on the basis of 2001 revenue, broken down by state. Each entry includes rank nationwide, name of company, headquarters, last year's ranking, and 2001 revenue in billions of dollars.
34. Target, Minneapolis, 37, $39.888
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84. UnitedHealth Group, Minnetonka, 91, $23.454
86. Supervalu, Eden Prairie, 97, $23.194
121. U.S. Bancorp, Minneapolis, 268, $16.443
126. Minnesota Mining &; Manufacturing, Maplewood, 118, $16.079
131. Best Buy, Eden Prairie, 156, $15.326
137. Xcel Energy, Minneapolis, 166, $15.028
194. Northwest Airlines, Eagan, 170, $9.905
218. St. Paul Cos., St. Paul, 222, $8.943
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244. Cenex Harvest States, Inver Grove Heights, 223, $7.875
264. General Mills, Golden Valley, 278, $7.077
318. Medtronic, Fridley, 349, $5.551
392. Hormel Foods, Austin, 452, $4.124
395. Nash Finch, Edina, 416, $4.107
485. PepsiAmericas, Minneapolis, new to list. $3.170
495. C.H. Robinson Worldwide, Eden Prairie, new to list, $3.090
Two Minnesota companies that were on last year's list dropped off this year: ADC Telecommunications of Minnetonka, which had been ranked 486th, and Lutheran Brotherhood of Minneapolis, which was 497th.
