Group Ltd/Adr Wh Sells 13,043,479 Shares of Smithfield Foods, Inc (NASDAQ:SFD) Stock

Smithfield Foods, Inc (NASDAQ:SFD) major shareholder Group Ltd/Adr Wh sold 13,043,479 shares of Smithfield Foods stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $20.00, for a total transaction of $260,869,580.00. Following the completion of the transaction, the insider now directly owns 367,025,753 shares in the company, valued at approximately $7,340,515,060. The trade was a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Smithfield Foods Price Performance

Shares of SFD stock opened at $21.50 on Friday. Smithfield Foods, Inc has a 12-month low of $19.10 and a 12-month high of $22.03.

About Smithfield Foods

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.