CWA Asset Management Group LLC Acquires Shares of 26,642 Smithfield Foods, Inc. $SFD

CWA Asset Management Group LLC bought a new position in Smithfield Foods, Inc. (NASDAQ:SFD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,642 shares of the company’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SFD. Fortress Investment Group LLC boosted its stake in Smithfield Foods by 110.3% during the 3rd quarter. Fortress Investment Group LLC now owns 201,055 shares of the company’s stock valued at $4,721,000 after purchasing an additional 105,464 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Smithfield Foods by 1,029.5% in the 2nd quarter. Prudential Financial Inc. now owns 172,420 shares of the company’s stock worth $4,057,000 after purchasing an additional 157,155 shares in the last quarter. Monashee Investment Management LLC purchased a new position in shares of Smithfield Foods in the third quarter worth $4,226,000. Game Creek Capital LP purchased a new position in shares of Smithfield Foods in the third quarter worth $1,849,000. Finally, Magnetar Financial LLC bought a new position in shares of Smithfield Foods during the second quarter valued at $419,000.

Analyst Upgrades and Downgrades

SFD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smithfield Foods in a research report on Monday, December 29th. Wall Street Zen cut shares of Smithfield Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.88.

Smithfield Foods Price Performance

NASDAQ SFD opened at $23.48 on Tuesday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.22 and a beta of 0.12. Smithfield Foods, Inc. has a 1-year low of $18.55 and a 1-year high of $26.07. The business’s fifty day moving average price is $24.07 and its 200-day moving average price is $22.98.

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.