AXQ Capital LP Makes New $1.40 Million Investment in Smithfield Foods, Inc. $SFD

AXQ Capital LP bought a new stake in shares of Smithfield Foods, Inc. (NASDAQ:SFD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,468 shares of the company’s stock, valued at approximately $1,396,000. Smithfield Foods accounts for 0.5% of AXQ Capital LP’s portfolio, making the stock its 23rd largest holding.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Smithfield Foods during the second quarter valued at approximately $31,295,000. Fourth Sail Capital LP purchased a new stake in Smithfield Foods in the second quarter worth approximately $18,424,000. Systematic Financial Management LP grew its position in Smithfield Foods by 377.3% in the 2nd quarter. Systematic Financial Management LP now owns 653,717 shares of the company’s stock worth $15,382,000 after purchasing an additional 516,767 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Smithfield Foods during the 2nd quarter valued at $8,314,000. Finally, DAVENPORT & Co LLC raised its stake in Smithfield Foods by 18.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 345,468 shares of the company’s stock valued at $8,102,000 after buying an additional 54,734 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SFD. Wall Street Zen lowered Smithfield Foods from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Smithfield Foods in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Smithfield Foods has a consensus rating of “Moderate Buy” and an average price target of $28.90.

Smithfield Foods Trading Up 0.6%

NASDAQ SFD opened at $25.19 on Tuesday. Smithfield Foods, Inc. has a 12 month low of $18.43 and a 12 month high of $26.07. The stock has a market cap of $9.90 billion and a price-to-earnings ratio of 11.35. The company’s 50 day moving average is $23.41 and its two-hundred day moving average is $23.16.

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.