Smithfield Foods, Inc (NASDAQ:SFD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $20.10. Smithfield Foods shares last traded at $19.76, with a volume of 540,208 shares traded.
Analyst Upgrades and Downgrades
SFD has been the topic of a number of recent analyst reports. Barclays began coverage on Smithfield Foods in a research note on Monday, February 24th. They issued an "overweight" rating and a $28.00 price objective on the stock. Bank of America started coverage on Smithfield Foods in a report on Monday, February 24th. They set a "buy" rating and a $28.00 price target for the company. The Goldman Sachs Group started coverage on Smithfield Foods in a research note on Monday, February 24th. They issued a "buy" rating and a $32.00 target price for the company. Morgan Stanley started coverage on Smithfield Foods in a report on Tuesday, March 25th. They issued an "overweight" rating and a $28.00 price objective for the company. Finally, HSBC started coverage on Smithfield Foods in a report on Tuesday, March 18th. They set a "buy" rating and a $29.00 target price on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $27.86.
Check Out Our Latest Analysis on Smithfield Foods
Smithfield Foods Price Performance
The stock's 50-day moving average price is $20.08. The stock has a market cap of $7.77 billion and a PE ratio of 8.70.
Smithfield Foods (NASDAQ:SFD - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.01). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.91 billion.
Smithfield Foods Dividend Announcement
The business also recently announced a -- dividend, which was paid on Tuesday, April 22nd. Investors of record on Thursday, April 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 10th. Smithfield Foods's dividend payout ratio is presently 44.05%.
Insider Transactions at Smithfield Foods
In other Smithfield Foods news, major shareholder Group Ltd/Adr Wh sold 13,043,479 shares of Smithfield Foods stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $20.00, for a total transaction of $260,869,580.00. Following the completion of the transaction, the insider now owns 367,025,753 shares in the company, valued at approximately $7,340,515,060. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tennille J. Checkovich bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $40,000.00. Following the transaction, the insider now owns 12,000 shares of the company's stock, valued at $240,000. The trade was a 20.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 59,000 shares of company stock valued at $1,180,000 in the last 90 days. 1.79% of the stock is currently owned by corporate insiders.
Institutional Trading of Smithfield Foods
A hedge fund recently bought a new stake in Smithfield Foods stock. Renaissance Capital LLC bought a new stake in Smithfield Foods, Inc (NASDAQ:SFD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,019 shares of the company's stock, valued at approximately $1,040,000. Smithfield Foods accounts for approximately 0.8% of Renaissance Capital LLC's holdings, making the stock its 25th biggest position.
About Smithfield Foods
(
Get Free Report)
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.
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