Smithfield Foods, Inc. (NASDAQ:SFD - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $24.68 and last traded at $24.32, with a volume of 10572 shares changing hands. The stock had previously closed at $24.45.
Analyst Upgrades and Downgrades
SFD has been the subject of several research reports. Hsbc Global Res upgraded shares of Smithfield Foods to a "strong-buy" rating in a research report on Tuesday, March 18th. Morgan Stanley began coverage on shares of Smithfield Foods in a research report on Tuesday, March 25th. They set an "overweight" rating and a $28.00 price objective on the stock. Finally, HSBC began coverage on shares of Smithfield Foods in a research report on Tuesday, March 18th. They set a "buy" rating and a $29.00 price objective on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $27.86.
Check Out Our Latest Report on Smithfield Foods
Smithfield Foods Trading Up 0.2%
The stock has a 50-day simple moving average of $23.24. The company has a market capitalization of $9.48 billion and a price-to-earnings ratio of 10.63.
Smithfield Foods (NASDAQ:SFD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.56 billion. The company's quarterly revenue was up 9.5% compared to the same quarter last year.
Smithfield Foods Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.15%. Smithfield Foods's dividend payout ratio is currently 44.05%.
Institutional Investors Weigh In On Smithfield Foods
A number of institutional investors have recently bought and sold shares of SFD. PNC Financial Services Group Inc. acquired a new stake in shares of Smithfield Foods in the 1st quarter valued at $27,000. Amalgamated Bank acquired a new stake in shares of Smithfield Foods in the 1st quarter valued at $28,000. Pacer Advisors Inc. acquired a new stake in shares of Smithfield Foods in the 1st quarter valued at $34,000. Security National Bank acquired a new stake in shares of Smithfield Foods in the 2nd quarter valued at $67,000. Finally, Deutsche Bank AG acquired a new stake in shares of Smithfield Foods in the 1st quarter valued at $74,000.
Smithfield Foods Company Profile
(
Get 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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