Shares of Smithfield Foods, Inc. (NASDAQ:SFD – Get Free Report) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.00.
A number of analysts have recently commented on SFD shares. The Goldman Sachs Group reiterated a “buy” rating and set a $32.00 target price on shares of Smithfield Foods in a research report on Wednesday, August 12th. Bank of America cut Smithfield Foods from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Friday, October 9th. Zacks Research downgraded Smithfield Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $21.00 price target on Smithfield Foods in a research note on Friday, October 9th. Finally, Stephens began coverage on Smithfield Foods in a research report on Wednesday, September 30th. They set an “equal weight” rating and a $22.00 price target on the stock.
View Our Latest Report on Smithfield Foods
Smithfield Foods Price Performance
Shares of NASDAQ:SFD opened at $18.64 on Monday. The company’s fifty day moving average price is $20.62 and its 200 day moving average price is $24.35. Smithfield Foods has a 12 month low of $18.17 and a 12 month high of $29.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.56 and a quick ratio of 1.34. The firm has a market capitalization of $7.34 billion, a P/E ratio of 6.96 and a beta of -0.41.
Smithfield Foods (NASDAQ:SFD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Smithfield Foods had a net margin of 6.84% and a return on equity of 15.55%. The firm had revenue of $3.70 billion during the quarter. During the same period last year, the firm earned $0.55 earnings per share. Smithfield Foods’s revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Smithfield Foods will post 2.03 earnings per share for the current fiscal year.
Smithfield Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, August 13th. Smithfield Foods’s dividend payout ratio is presently 46.64%.
Hedge Funds Weigh In On Smithfield Foods
A number of hedge funds have recently modified their holdings of SFD. Altshuler Shaham Ltd increased its stake in Smithfield Foods by 36.8% in the 1st quarter. Altshuler Shaham Ltd now owns 1,524 shares of the company’s stock valued at $43,000 after purchasing an additional 410 shares in the last quarter. Capital Financial Group Inc. Co. ADV increased its holdings in Smithfield Foods by 5.8% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 10,863 shares of the company’s stock valued at $304,000 after acquiring an additional 600 shares in the last quarter. Group One Trading LLC acquired a new position in Smithfield Foods during the first quarter worth about $31,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Smithfield Foods during the 2nd quarter worth approximately $29,000. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Smithfield Foods by 5.5% in the first quarter. Silver Oak Securities Incorporated now owns 25,767 shares of the company’s stock worth $721,000 after acquiring an additional 1,333 shares during the last quarter.
Smithfield Foods Company Profile
Smithfield Foods, Inc is a vertically integrated food company focused on pork production and packaged meats. Its operations include raising livestock, processing and packaging pork, and distributing fresh pork and prepared foods. The company’s products include bacon, ham, sausage, hot dogs, lunch meats, fresh pork cuts and other refrigerated and shelf-stable meat products.
Smithfield markets products under brands including Smithfield, Eckrich, Farmland, Nathan’s Famous and Healthy Ones, as well as private-label offerings for retailers and food-service customers.
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