Amundi Reduces Holdings in Smithfield Foods, Inc. $SFD

Key Points

• Amundi cut its Smithfield Foods stake by 93.6% in the first quarter, selling 181,519 shares and retaining 12,384 shares valued at approximately $346,000.
• Smithfield shares were trading at $22.74, down 4.8%, while the company reported quarterly EPS of $0.62, ahead of the $0.60 consensus estimate. It also declared a quarterly dividend of $0.3125 per share, representing a 5.5% annualized yield.
• Smithfield lowered its full-year outlook, now expecting roughly flat sales and adjusted operating profit of $1.225 billion to $1.375 billion, citing weaker Fresh Pork and Hog Production results and consumer affordability pressures.

Amundi reduced its stake in shares of Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) by 93.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,384 shares of the company's stock after selling 181,519 shares during the quarter. Amundi's holdings in Smithfield Foods were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SFD. Millennium Management LLC boosted its position in shares of Smithfield Foods by 94.0% in the 3rd quarter. Millennium Management LLC now owns 3,634,709 shares of the company's stock valued at $85,343,000 after purchasing an additional 1,760,713 shares during the period. Zimmer Partners LP grew its stake in Smithfield Foods by 13.8% during the 4th quarter. Zimmer Partners LP now owns 2,090,000 shares of the company's stock worth $46,670,000 after buying an additional 253,286 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Smithfield Foods by 653.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,664,585 shares of the company's stock worth $39,084,000 after buying an additional 1,443,605 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Smithfield Foods by 28.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,560,647 shares of the company's stock worth $34,849,000 after buying an additional 348,503 shares during the period. Finally, Deutsche Bank AG lifted its stake in Smithfield Foods by 8.3% in the fourth quarter. Deutsche Bank AG now owns 1,431,029 shares of the company's stock valued at $31,955,000 after buying an additional 109,254 shares during the last quarter.

Smithfield Foods Trading Down 4.8%

Shares of SFD stock opened at $22.74 on Thursday. The business's 50 day moving average is $25.44 and its two-hundred day moving average is $25.66. Smithfield Foods, Inc. has a twelve month low of $21.08 and a twelve month high of $29.81. The company has a market capitalization of $8.95 billion, a P/E ratio of 8.49 and a beta of -0.44. The company has a current ratio of 2.41, a quick ratio of 1.29 and a debt-to-equity ratio of 0.20.

Smithfield Foods (NASDAQ:SFD - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Smithfield Foods had a return on equity of 15.72% and a net margin of 6.84%.The business had revenue of $3.70 billion during the quarter. During the same quarter last year, the company earned $0.55 EPS. Smithfield Foods's revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts forecast that Smithfield Foods, Inc. will post 2.7 EPS for the current year.

Smithfield Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, August 13th. Smithfield Foods's payout ratio is currently 48.83%.

Key Headlines Impacting Smithfield Foods

Here are the key news stories impacting Smithfield Foods this week:

• Positive Sentiment: Smithfield reported second-quarter adjusted EPS of $0.62, ahead of the $0.60 analyst consensus, while operating profit increased 11.6% year over year to $290 million. First-half operating profit reached a record $623 million, up 7.1%, and net income rose 17.6% to $484 million. Smithfield Foods Reports Record First Half Fiscal 2026 Operating Profit
• Positive Sentiment: The company highlighted improved operating margins, stronger cash generation and a solid balance sheet, including $3.65 billion in available liquidity and net debt of only 0.4 times trailing adjusted EBITDA. Smithfield also maintained its quarterly dividend at $0.3125 per share, implying a $1.25 annual rate. Smithfield Foods Reports Record First-Half Operating Profit and Updates FY 2026 Outlook
• Neutral Sentiment: Reported second-quarter sales fell 2.3% to $3.7 billion, partly because of nonrecurring prior-year sales and Easter timing. However, the decline also reflected weaker Fresh Pork and Hog Production sales, keeping revenue growth under pressure. Smithfield Foods Q2 2026 Earnings Call Transcript
• Negative Sentiment: Smithfield lowered its full-year outlook: sales are now expected to be roughly flat rather than increase by a low-single-digit percentage, while adjusted operating profit guidance fell to $1.225 billion–$1.375 billion from $1.325 billion–$1.475 billion. Guidance was reduced across Packaged Meats, Fresh Pork and Hog Production. Smithfield Foods Trims Full-Year Forecasts
• Negative Sentiment: Underlying segment trends were mixed: second-quarter Packaged Meats operating profit declined 12% to $265 million, while Fresh Pork profit dropped 59%. The weaker outlook suggests investors expect consumer affordability concerns and cost inflation to continue weighing on results. Smithfield Q2: A Not So Meaty Outlook As Consumers Pull Back

Analyst Upgrades and Downgrades

SFD has been the subject of several research analyst reports. Bank of America decreased their price objective on Smithfield Foods from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $32.00 target price on shares of Smithfield Foods in a report on Wednesday. Wall Street Zen downgraded shares of Smithfield Foods from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Zacks Research cut shares of Smithfield Foods from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Finally, Barclays lowered their price objective on shares of Smithfield Foods from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

About Smithfield Foods

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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