Smithfield Foods (NASDAQ:SFD) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Smithfield Foods (NASDAQ:SFD) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a buy rating and a $32.00 price objective on the stock.

Separately, Morgan Stanley began coverage on shares of Smithfield Foods in a research note on Monday. They set an “overweight” rating and a $28.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Smithfield Foods has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Smithfield Foods Stock Down 4.6 %

Shares of SFD stock opened at $20.60 on Monday. Smithfield Foods has a 52-week low of $19.10 and a 52-week high of $22.03.

Insider Activity at Smithfield Foods

In other Smithfield Foods news, major shareholder Group Ltd/Adr Wh sold 13,043,479 shares of the company’s stock in a transaction 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 sale, the insider now owns 367,025,753 shares in the company, valued at $7,340,515,060. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tennille J. Checkovich purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $20.00 per share, for a total transaction of $40,000.00. Following the completion of the acquisition, the insider now directly owns 12,000 shares in the company, valued at approximately $240,000. This trade represents a 20.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 59,000 shares of company stock worth $1,180,000 over the last three months. 1.79% of the stock is owned by corporate insiders.

Smithfield Foods Company Profile

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.