Quantbot Technologies LP Grows Position in Smithfield Foods, Inc. $SFD

Quantbot Technologies LP boosted its position in Smithfield Foods, Inc. (NASDAQ:SFD) by 264.2% during the 3rd quarter, Holdings Channel reports. The fund owned 188,284 shares of the company’s stock after acquiring an additional 136,592 shares during the quarter. Quantbot Technologies LP’s holdings in Smithfield Foods were worth $4,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in shares of Smithfield Foods in the 1st quarter valued at $1,456,000. Goldman Sachs Group Inc. purchased a new stake in Smithfield Foods during the 1st quarter worth about $3,195,000. CWM LLC acquired a new position in shares of Smithfield Foods during the 2nd quarter worth about $30,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Smithfield Foods during the 2nd quarter worth about $211,000. Finally, Machina Capital S.A.S. purchased a new position in shares of Smithfield Foods in the 2nd quarter valued at about $537,000.

Analysts Set New Price Targets

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

Smithfield Foods Stock Performance

Smithfield Foods stock opened at $24.88 on Monday. The company has a market capitalization of $9.78 billion, a P/E ratio of 11.21, a PEG ratio of 1.31 and a beta of 0.12. Smithfield Foods, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $26.07. The stock has a 50-day simple moving average of $23.58 and a 200-day simple moving average of $23.15.

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.