78,750 Shares in Smithfield Foods, Inc. $SFD Bought by Game Creek Capital LP

Key Points

• Game Creek Capital LP opened a new position in Smithfield Foods (NASDAQ: SFD) in the 3rd quarter, buying 78,750 shares worth about $1.85 million.
• A number of large institutions also increased or initiated stakes—most notably Norges Bank (~$31.3M new stake), UBS (+186.5% to 694,438 shares, ~$16.3M) and Systematic Financial Management (+377.3% to 653,717 shares, ~$15.4M).
• Smithfield trades with a market cap of ~$9.21B, a P/E of 10.55 and a 52-week range of $18.55–$26.07, while analysts have an average rating of "Moderate Buy" and an average target price of $28.90.

Game Creek Capital LP bought a new position in shares of Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 78,750 shares of the company's stock, valued at approximately $1,849,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SFD. Norges Bank acquired a new stake in shares of Smithfield Foods during the second quarter worth about $31,295,000. UBS Group AG grew its position in shares of Smithfield Foods by 186.5% in the 3rd quarter. UBS Group AG now owns 694,438 shares of the company's stock valued at $16,305,000 after purchasing an additional 452,075 shares during the period. Systematic Financial Management LP increased its stake in Smithfield Foods by 377.3% during the 2nd quarter. Systematic Financial Management LP now owns 653,717 shares of the company's stock worth $15,382,000 after purchasing an additional 516,767 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Smithfield Foods by 37.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 375,690 shares of the company's stock worth $8,821,000 after purchasing an additional 102,765 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Smithfield Foods during the 2nd quarter worth approximately $8,314,000.

Smithfield Foods Price Performance

SFD stock opened at $23.42 on Friday. The stock has a market capitalization of $9.21 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.23 and a beta of 0.12. Smithfield Foods, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $26.07. The business has a 50-day moving average of $23.92 and a 200-day moving average of $23.08.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Smithfield Foods from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Weiss Ratings restated a "hold (c)" rating on shares of Smithfield Foods in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Smithfield Foods presently has an average rating of "Moderate Buy" and an average target price of $28.90.

Smithfield Foods Company 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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