Smithfield Foods, Inc. (SFD) to Issue Quarterly Dividend of $0.31 on May 28th

Smithfield Foods, Inc. (NASDAQ:SFD) announced a quarterly dividend on Thursday, April 30th. Investors of record on Thursday, May 14th will be given a dividend of 0.3125 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, May 14th.

Smithfield Foods has a dividend payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Smithfield Foods to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 47.5%.

Smithfield Foods Trading Up 0.0%

Smithfield Foods stock opened at $26.29 on Friday. The stock has a market cap of $10.34 billion, a PE ratio of 10.27 and a beta of -0.49. The stock has a 50-day moving average price of $26.31 and a 200 day moving average price of $23.87. Smithfield Foods has a 52 week low of $21.08 and a 52 week high of $29.81.

Smithfield Foods (NASDAQ:SFD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.74 billion. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities analysts predict that Smithfield Foods will post 2.72 EPS for the current year.

Institutional Trading of Smithfield Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio grew its holdings in Smithfield Foods by 76.5% in the 3rd quarter. Strs Ohio now owns 1,080 shares of the company’s stock valued at $25,000 after buying an additional 468 shares during the period. Capital Financial Group Inc. Co. ADV grew its holdings in Smithfield Foods by 5.8% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 10,863 shares of the company’s stock valued at $304,000 after buying an additional 600 shares during the period. Parallel Advisors LLC grew its holdings in Smithfield Foods by 46.2% in the 4th quarter. Parallel Advisors LLC now owns 2,328 shares of the company’s stock valued at $52,000 after buying an additional 736 shares during the period. Verition Fund Management LLC grew its holdings in Smithfield Foods by 1.1% in the 3rd quarter. Verition Fund Management LLC now owns 68,812 shares of the company’s stock valued at $1,616,000 after buying an additional 739 shares during the period. Finally, Altshuler Shaham Ltd purchased a new stake in Smithfield Foods in the 4th quarter valued at about $25,000.

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.