Alberta Investment Management Corp bought a new position in Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,250,000 shares of the company's stock, valued at approximately $25,488,000. Alberta Investment Management Corp owned about 0.32% of Smithfield Foods at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new stake in shares of Smithfield Foods during the first quarter valued at about $213,000. Teacher Retirement System of Texas bought a new position in Smithfield Foods in the 1st quarter valued at about $8,156,000. Amalgamated Bank acquired a new position in Smithfield Foods during the 1st quarter valued at about $28,000. Nisa Investment Advisors LLC bought a new stake in shares of Smithfield Foods during the 1st quarter worth about $255,000. Finally, DAVENPORT & Co LLC acquired a new stake in shares of Smithfield Foods in the 1st quarter worth approximately $2,587,000.
Smithfield Foods Trading Down 0.9%
Shares of Smithfield Foods stock opened at $24.12 on Friday. Smithfield Foods, Inc. has a 52 week low of $18.43 and a 52 week high of $24.68. The company has a market capitalization of $9.48 billion and a PE ratio of 10.63. The business has a 50-day simple moving average of $23.61.
Smithfield Foods (NASDAQ:SFD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.56 billion. The firm's quarterly revenue was up 9.5% on a year-over-year basis.
Smithfield Foods Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. Smithfield Foods's dividend payout ratio is currently 44.05%.
Smithfield Foods Company Profile
(
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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