Templeton & Phillips Capital Management LLC bought a new position in Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company's stock, valued at approximately $408,000. Smithfield Foods makes up approximately 0.3% of Templeton & Phillips Capital Management LLC's investment portfolio, making the stock its 25th biggest position.
A number of other hedge funds have also recently added to or reduced their stakes in SFD. Amalgamated Bank acquired a new stake in Smithfield Foods in the first quarter valued at approximately $28,000. American Capital Advisory LLC acquired a new stake in Smithfield Foods in the first quarter valued at approximately $102,000. New York State Common Retirement Fund acquired a new stake in Smithfield Foods in the first quarter valued at approximately $110,000. Oppenheimer & Co. Inc. acquired a new stake in Smithfield Foods in the first quarter valued at approximately $213,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Smithfield Foods in the first quarter valued at approximately $255,000.
Smithfield Foods Price Performance
Smithfield Foods stock traded up $0.10 during mid-day trading on Friday, reaching $23.89. The stock had a trading volume of 414,711 shares, compared to its average volume of 607,579. The stock has a market cap of $9.39 billion and a price-to-earnings ratio of 10.52. Smithfield Foods, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $24.68. The company has a 50-day simple moving average of $23.53.
Smithfield Foods (NASDAQ:SFD - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.56 billion. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year.
Smithfield Foods Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 4.19%. Smithfield Foods's payout ratio is 44.05%.
About Smithfield Foods
(
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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