Burkehill Global Management LP Acquires Shares of 200,000 Smithfield Foods, Inc. (NASDAQ:SFD)

Key Points

• Burkehill Global Management LP has acquired 200,000 shares of Smithfield Foods, Inc., valued at approximately $4,078,000, representing about 0.05% of the company's stock.
• The stock price of Smithfield Foods is currently at $25.53, with a 12-month low of $18.43 and a high of $25.85.
• Smithfield Foods has declared a quarterly dividend of $0.25 per share, with an annualized dividend yield of 3.9% and a payout ratio of 44.05%.

Burkehill Global Management LP acquired a new stake in Smithfield Foods, Inc. (NASDAQ:SFD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company's stock, valued at approximately $4,078,000. Burkehill Global Management LP owned about 0.05% of Smithfield Foods as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of Smithfield Foods during the first quarter valued at approximately $27,000. Amalgamated Bank bought a new position in shares of Smithfield Foods during the 1st quarter worth $28,000. Pacer Advisors Inc. bought a new position in shares of Smithfield Foods during the 1st quarter worth $34,000. Deutsche Bank AG bought a new position in shares of Smithfield Foods during the 1st quarter worth $74,000. Finally, American Capital Advisory LLC bought a new position in shares of Smithfield Foods during the 1st quarter worth $102,000.

Smithfield Foods Stock Down 0.9%

SFD opened at $25.53 on Friday. Smithfield Foods, Inc. has a 12-month low of $18.43 and a 12-month high of $25.85. The stock's fifty day moving average price is $23.87. The company has a market cap of $10.04 billion and a P/E ratio of 11.25.

Smithfield Foods Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.9%. Smithfield Foods's dividend payout ratio is presently 44.05%.

About Smithfield Foods

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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