Smithfield Foods, Inc. $SFD Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in Smithfield Foods, Inc. (NASDAQ:SFD) by 264.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,284 shares of the company’s stock after buying an additional 136,592 shares during the quarter. Quantbot Technologies LP’s holdings in Smithfield Foods were worth $4,421,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Smithfield Foods in the 2nd quarter valued at approximately $31,295,000. Fourth Sail Capital LP acquired a new stake in Smithfield Foods in the 2nd quarter valued at approximately $18,424,000. Systematic Financial Management LP raised its position in Smithfield Foods by 377.3% in the second quarter. Systematic Financial Management LP now owns 653,717 shares of the company’s stock valued at $15,382,000 after purchasing an additional 516,767 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Smithfield Foods during the second quarter worth $8,314,000. Finally, Kennedy Capital Management LLC purchased a new position in shares of Smithfield Foods during the second quarter worth $6,422,000.

Smithfield Foods Trading Up 1.0%

Smithfield Foods stock opened at $24.88 on Monday. The firm has a market capitalization of $9.78 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.31 and a beta of 0.12. Smithfield Foods, Inc. has a twelve month low of $18.43 and a twelve month high of $26.07. The stock’s fifty day simple moving average is $23.58 and its 200-day simple moving average is $23.15.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SFD. Weiss Ratings reissued a “hold (c)” rating on shares of Smithfield Foods in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Smithfield Foods from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.90.

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.