GSA Capital Partners LLP purchased a new position in shares of Smithfield Foods, Inc. (NASDAQ:SFD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,925 shares of the company’s stock, valued at approximately $1,284,000.
Other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in Smithfield Foods in the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. purchased a new position in shares of Smithfield Foods during the second quarter worth approximately $29,000. Oakworth Capital Inc. purchased a new position in shares of Smithfield Foods during the fourth quarter worth approximately $31,000. Group One Trading LLC purchased a new position in shares of Smithfield Foods during the first quarter worth approximately $31,000. Finally, Parallel Advisors LLC acquired a new position in shares of Smithfield Foods in the 3rd quarter valued at $37,000.
Analyst Ratings Changes
Several analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Smithfield Foods in a research report on Friday, July 24th. Barclays lowered their price objective on shares of Smithfield Foods from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen lowered shares of Smithfield Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research cut shares of Smithfield Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $32.00 target price on shares of Smithfield Foods in a research note on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.
Smithfield Foods Price Performance
Shares of SFD opened at $22.61 on Tuesday. Smithfield Foods, Inc. has a twelve month low of $21.08 and a twelve month high of $29.81. The stock’s 50 day moving average is $25.21 and its two-hundred day moving average is $25.64. The firm has a market capitalization of $8.90 billion, a PE ratio of 8.44 and a beta of -0.44. The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 0.20.
Smithfield Foods (NASDAQ:SFD – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $3.70 billion for the quarter. Smithfield Foods had a return on equity of 15.55% and a net margin of 6.84%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Research analysts anticipate that Smithfield Foods, Inc. will post 2.45 earnings per share for the current year.
Smithfield Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.3125 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.5%. Smithfield Foods’s payout ratio is 46.64%.
Smithfield Foods Profile
Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.
Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.
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