69,820 Shares in Smithfield Foods, Inc. $SFD Purchased by PDT Partners LLC

PDT Partners LLC acquired a new stake in Smithfield Foods, Inc. (NASDAQ:SFD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 69,820 shares of the company’s stock, valued at approximately $1,694,000.

A number of other institutional investors also recently modified their holdings of SFD. Altshuler Shaham Ltd bought a new position in Smithfield Foods in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Smithfield Foods in the 2nd quarter valued at $29,000. Raymond James Financial Inc. acquired a new stake in shares of Smithfield Foods in the 2nd quarter valued at $29,000. Oakworth Capital Inc. bought a new stake in shares of Smithfield Foods during the fourth quarter worth $31,000. Finally, Group One Trading LLC bought a new stake in shares of Smithfield Foods during the first quarter worth $31,000.

Smithfield Foods Trading Down 0.9%

NASDAQ:SFD opened at $22.06 on Thursday. Smithfield Foods, Inc. has a 1-year low of $21.08 and a 1-year high of $29.81. The business’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $25.56. The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 8.23 and a beta of -0.44.

Smithfield Foods (NASDAQ:SFD) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $3.70 billion for the quarter. Smithfield Foods had a net margin of 6.84% and a return on equity of 15.55%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, equities analysts expect that Smithfield Foods, Inc. will post 2.45 earnings per share for the current year.

Smithfield Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given 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 5.7%. Smithfield Foods’s dividend payout ratio is currently 46.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SFD shares. Zacks Research cut Smithfield Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of Smithfield Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $32.00 price target on shares of Smithfield Foods in a research report on Wednesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Smithfield Foods in a research note on Friday, July 24th. Finally, Bank of America cut their price objective on shares of Smithfield Foods from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.