Y Intercept Hong Kong Ltd Has $214,000 Position in Smithfield Foods, Inc. $SFD

Y Intercept Hong Kong Ltd cut its holdings in Smithfield Foods, Inc. (NASDAQ:SFD) by 90.5% in the third quarter, Holdings Channel.com reports. The fund owned 9,118 shares of the company’s stock after selling 87,146 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Smithfield Foods were worth $214,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Strs Ohio increased its stake in shares of Smithfield Foods by 76.5% during the 3rd quarter. Strs Ohio now owns 1,080 shares of the company’s stock worth $25,000 after purchasing an additional 468 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in Smithfield Foods during the third quarter worth $867,000. Sequoia Financial Advisors LLC acquired a new position in Smithfield Foods during the third quarter worth $236,000. New York State Teachers Retirement System raised its holdings in Smithfield Foods by 76.1% during the third quarter. New York State Teachers Retirement System now owns 4,150 shares of the company’s stock valued at $97,000 after buying an additional 1,793 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Smithfield Foods in the third quarter worth about $3,287,000.

Smithfield Foods Stock Up 0.6%

Shares of NASDAQ:SFD opened at $24.57 on Friday. The company has a market cap of $9.66 billion and a price-to-earnings ratio of 11.07. The business has a 50 day moving average price of $22.72 and a 200 day moving average price of $23.14. Smithfield Foods, Inc. has a twelve month low of $18.43 and a twelve month high of $26.07.

Smithfield Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. Smithfield Foods’s dividend payout ratio (DPR) is presently 45.05%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SFD shares. Morgan Stanley set a $29.00 price target on Smithfield Foods and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Smithfield Foods in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Smithfield Foods from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.31.

Smithfield Foods Company Profile

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.