Alberta Investment Management Corp Purchases New Stake in Smithfield Foods, Inc. (NASDAQ:SFD)

Alberta Investment Management Corp purchased a new position in Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,250,000 shares of the company's stock, valued at approximately $25,488,000. Alberta Investment Management Corp owned approximately 0.32% of Smithfield Foods at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SFD. Amalgamated Bank bought a new position in shares of Smithfield Foods in the first quarter valued at approximately $28,000. Pacer Advisors Inc. bought a new position in shares of Smithfield Foods in the first quarter valued at approximately $34,000. American Capital Advisory LLC bought a new position in shares of Smithfield Foods in the first quarter valued at approximately $102,000. New York State Common Retirement Fund bought a new position in shares of Smithfield Foods in the first quarter valued at approximately $110,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Smithfield Foods in the first quarter valued at approximately $213,000.

Smithfield Foods Stock Up 2.0%

Shares of SFD stock traded up $0.48 during trading hours on Monday, reaching $24.80. 309,386 shares of the company's stock were exchanged, compared to its average volume of 701,598. Smithfield Foods, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $24.87. The company has a market capitalization of $9.75 billion and a PE ratio of 10.93. The business's fifty day simple moving average is $23.64.

Smithfield Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. Smithfield Foods's payout ratio is currently 44.05%.

Smithfield Foods Profile

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.