Smithfield Foods, Inc (NASDAQ:SFD) Major Shareholder Sells $50,138,720.00 in Stock

Smithfield Foods, Inc (NASDAQ:SFD - Get Free Report) major shareholder Group Ltd/Adr Wh sold 2,506,936 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $20.00, for a total transaction of $50,138,720.00. Following the sale, the insider now owns 364,518,817 shares in the company, valued at approximately $7,290,376,340. The trade was a 0.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Group Ltd/Adr Wh also recently made the following trade(s):

• On Wednesday, January 29th, Group Ltd/Adr Wh sold 13,043,479 shares of Smithfield Foods stock. The shares were sold at an average price of $20.00, for a total transaction of $260,869,580.00.

Smithfield Foods Price Performance

Shares of SFD traded up $0.26 during midday trading on Tuesday, hitting $21.60. The stock had a trading volume of 487,465 shares, compared to its average volume of 969,803. Smithfield Foods, Inc has a 1 year low of $19.10 and a 1 year high of $22.03.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SFD. UBS Group began coverage on Smithfield Foods in a research report on Monday. They issued a "buy" rating on the stock. Morgan Stanley initiated coverage on Smithfield Foods in a research note on Monday. They issued an "overweight" rating and a $28.00 price target for the company. The Goldman Sachs Group started coverage on shares of Smithfield Foods in a research report on Monday. They set a "buy" rating and a $32.00 price objective on the stock. Bank of America initiated coverage on shares of Smithfield Foods in a report on Monday. They issued a "buy" rating and a $28.00 price target on the stock. Finally, BNP Paribas started coverage on Smithfield Foods in a research report on Monday. They set a "neutral" rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $27.67.

Smithfield Foods Company Profile

Smithfield Foods, Inc produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. The Company operates in four segments: Pork, Hog Production, International and Corporate, each of which consists of a number of subsidiaries, joint ventures and other investments.