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Smithfield Foods (NASDAQ:SFD) Stock, Option Chain

Smithfield is the largest hog producer and pork processor in the world, processing more than 27 million hogs in fiscal 2011, with a slaughter capacity of 110,000 hogs per day. Around 55% of all pork revenue comes from value-added packaged meats, which were the focus of previous acquisitions and central to the company's long-term strategy. The firm continues to expand its European operations.

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Government Shutdown Takes A Bite Out of U.S. Food Production, Safety and Pricing Data

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Termination

Analyst Ratings

UPDATE: BMO Capital Markets Terminates Coverage on Smithfield Foods Following Acquisition by Shuanghui International

Trading Ideas

BRFS

Top 4 NYSE Stocks In The Meat Products Industry With The Lowest PEG Ratio

Smithfield Foods Inc

SECURITY FEDERAL CORP by Security Federal Corp.

Security Federal Corp

SHANGHAI FUDAN MICROELEC by Shanghai Fudan Microelectronics Co. Ltd.

Shanghai Fudan Microelectronics Group Co Ltd

SHANGHAI FUDAN MICREL ADR by Shanghai Fudan Microelectronics Co. Ltd.

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Smithfield Foods, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFD#NASDAQ">SFD</a>) IPO will take place January, 28 on the NASDAQ exchange under the ticker SFD.
The company is offering shares at an expected price between $23.00 and $27.00 per share with an insider lock-up period of 180 days ending on July 27, 2025.
See also: <a href="https://www.benzinga.com/calendars/ipos">Benzinga IPO Calendar</a>
<h3>About Smithfield Foods, Inc</h3>
Smithfield is an American food company and an industry leader in value-added packaged meats and fresh pork with over $14 billion in annual sales , produce and distribute a wide variety of packaged meats and fresh pork products both domestically and abroad. We market our products under a leading portfolio of iconic brands including Smithfield, Eckrich and Nathan's Famous, among many others.
See also: <a href="https://www.benzinga.com/short-interest">Benzinga's Most Shorted Stocks</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IPOs

Smithfield Foods, Inc IPOs Tomorrow, Here's What You Need To Know

SAFM

Meat Processing Stocks Unaffected Following Report from WHO's Cancer Agency Red Meat is Now Being Classified as 'Probably Carcinogenic'

Smithfield Foods, Inc. (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) reports Q2 revenue came in at $3.80B

Earnings

Smithfield Foods, Inc. Reports Q2 Revenue of $3.80B

S&P Affirms Ratings on Smithfield Foods; May Be Upgraded

Is the nation's food supply chain facing a “perfect storm” of damaging events when it comes to food production and safety? 
The U.S. government shutdown has disrupted livestock pricing across the nation. It has also meant darkened offices and laboratories at the Centers for Disease Control and Prevention, as well as at other essential federal food inspection services, just in time for a major food-borne bacterial outbreak.


	Earlier this week, the USDA's Food Safety and Inspection Service issued a<a href="http://www.fsis.usda.gov/wps/portal/fsis/newsroom/news-releases-statements-and-transcripts/news-release-archives-by-year/archive/2013/pha-100713"> public health alert</a> over salmonella-tainted raw chicken products produced by Foster Farms at three of the company's facilities in California. The alert comes after nearly 300 people in 18 states were sickened by the disease.


	The CDC is reportedly working with state health departments to monitor the outbreak – but there's a problem with that. As CDC Director Dr. Tom Frieden <a href="https://twitter.com/drfriedencdc">tweeted</a> last week, the government shutdown forced the CDC to furlough 8,754 people. “They protected you yesterday, can't tomorrow,” he wrote. “Microbes/other threats didn't shut down. We are less safe.”


	But does that mean what we end up eating isn't being screened? Not necessarily. As the National Chicken Council points out in a <a href="http://www.nationalchickencouncil.org/ncc-partnership-food-safety-education-remind-consumers-safe-handling-cooking-practices-prevent-illness/">press statement</a>, USDA inspectors are continuing their meat and poultry inspections despite the government shutdown – and, as a result, “in-plant oversight of food safety, application of proper product labels and humane slaughter are continuing normally.”


	And on Tuesday, dozens of federal experts on food-borne illnesses, previously furloughed by the shutdown, were called back to help deal with the salmonella outbreak investigation. Border inspections for imported food are reportedly continuing.


	But the shutdown is affecting some essential services that also impact meat prices. It's created a backlog of labeling submissions that's expected to affect the introduction of some new food products to the consumer market.


	And the absence of USDA market reports is affecting daily livestock producer transactions, as well as meat product pricing.


	“Products are commonly priced based upon these reports,” the American Meat Institute noted in an email to Benzinga. “Likewise, settlement of futures contracts from the Chicago Mercantile Exchange are based on the reports, as well. The absence of these reports is complicating business transactions.”


	According to <a href="http://www.reuters.com/article/2013/10/05/us-usa-fiscal-smithfield-idUSBRE99407320131005">Reuters</a>, meat processing giant Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) plans to use data from the Chicago Mercantile Exhange's owners, the CME Group Inc. (NASDAQ: <a class="ticker" href="/stock/cme#NASDAQ">CME</a>), to price hogs – while privately-held Cargill and Tyson Foods (NYSE: <a class="ticker" href="/stock/tsn#NYSE">TSN</a>) will reportedly use price data from the private firm Urner Barry.


	Observers say producers are unlikely to pass along any additional, shutdown-related costs to shoppers at the supermarket – at least, for now.


	“The longer this goes on the greater the likelihood of commodity volatility,” said David Corsun, director of the Knoebel School of Hospitality Management at the University of Denver's Daniels College of Business, “which would probably be the only way consumers would see an impact.”

Management

Smithfield Foods Promotes Kenneth Sullivan to CFO

In a report published Monday, BMO Capital Markets analyst Kenneth B. Zaslow terminated coverage on Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>).

In the report, BMO Capital Markets noted, “We are dropping coverage of SFD owing to its acquisition by Shuanghui International. SFD has been rated Market Perform since May 30, 2013.”

Smithfield Foods closed on Friday at $33.97.

S&P Downgrades Smithfield Foods from BB to BB-; Outlook Stable

Bloomberg Reporting Smithfield Holders Have Approved Shuanghui's $34/Share Bid

CBST

UPDATE: Cubist to Replace Smithfield Foods in S&P MidCap 400

USDA Issues Cold Storage Report: Pork Supply  Down 7.8% YoY to 540.028M Lbs., Beef Supply Up ~1% to 433.842M Lbs., Chicken Up 4.8% to 691.316M Lbs.

UPDATE: Starboard to Vote in Favor of Smithfield Deal

Amended 13D Filing from Starboard on Smithfield Foods Shows Raised Stake to 5.7%

View <a href="http://www.reuters.com/article/2013/09/18/deals-day-idUSL3N0HE1TK20130918?feedType=RSS&amp;feedName=mergersNews">article</a>

Global

China's Shuanghui International is Nearing Shareholder Approval for Proposed $4.7B Takeover of Smithfield Foods -Reuters

Hedge Funds

Movers

Shares of Smithfields Moving Lower as Starboard's Smith at Value Investing Congress Declines Comment on Co./Stock

Below are the top meat products stocks on the NYSE in terms of PEG ratio.

BRF SA (NYSE: <a class="ticker" href="/stock/brfs#NYSE">BRFS</a>) has a PEG ratio of 0.54. BRF's trailing-twelve-month revenue is $14.77 billion.

Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) has a PEG ratio of 1.24. Smithfield's trailing-twelve-month operating margin is 3.85%.

Tyson Foods (NYSE: <a class="ticker" href="/stock/tsn#NYSE">TSN</a>) has a PEG ratio 1.90. Tyson's trailing-twelve-month ROE is 12.41%.

Hormel Foods (NYSE: <a class="ticker" href="/stock/hrl#NYSE">HRL</a>) has a PEG ratio of 1.98. Hormel had $329.50 million in total cash for the latest quarter.

Midway through trading Friday, the Dow traded up 0.21 percent to 14,968.35 while the NASDAQ surged 0.21 percent to 3,666.32. The S&amp;P also rose, gaining 0.31 percent to 1,660.23.

Top Headline 
Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) reported a <a href="http://www.benzinga.com/news/earnings/13/09/3892819/update-smithfield-posts-lower-q1-profit"> drop in its first-quarter </a> profit.

Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.

Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.

Equities Trading UP 
Quiksilver (NYSE: <a class="ticker" href="/stock/zqk#NYSE">ZQK</a>) shot up 31.58 percent to $6.84 after the company reported upbeat fiscal third-quarter earnings.

Shares of VeriFone Systems (NYSE: <a class="ticker" href="/stock/pay#NYSE">PAY</a>) got a boost, shooting up 10.96 percent to $22.99 after the company reported <a href="http://www.benzinga.com/news/earnings/13/09/3891235/verifone-rises-after-q3-results-pay"> better-than-expected </a> fiscal third-quarter results.

Finisar (NASDAQ: <a class="ticker" href="/stock/fnsr#NASDAQ">FNSR</a>) was also up, gaining 2.23 percent to $23.35 after the company issued strong Q2 outlook.

Equities Trading DOWN 
Shares of Mattress Firm Holding (NASDAQ: <a class="ticker" href="/stock/mfrm#NASDAQ">MFRM</a>) were down 16.14 percent to $34.96 after the company reported <a href="http://www.benzinga.com/news/earnings/13/09/3892394/mattress-firm-misses-q2-results-lowers-fy13-outlook"> downbeat second-quarter results </a> and lowered its forecast.

MannKind (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>) shares tumbled 6.03 percent to $5.92 after analysts at <a href="http://www.benzinga.com/analyst-ratings/analyst-color/13/09/3892631/update-bank-of-america-downgrades-mannkind-following-phy"> Bank of America downgraded </a> the stock from Neutral to Underperform.

Smith &amp; Wesson Holding (NASDAQ: <a class="ticker" href="/stock/swhc#NASDAQ">SWHC</a>) was down, falling 8.28 percent to $10.53 after the company issued a downbeat Q2 forecast.

Commodities 
In commodity news, <a href="http://www.benzinga.com/news/13/09/3892126/brent-set-for-second-weekly-gain"> oil traded up 1.63 percent </a> to $110.14, while gold traded up 1.06 percent to $1,387.60.

Silver traded up 2.58 percent Friday to $23.86, while copper rose 0.48 percent to $3.26.

Eurozone 
European shares <a href="http://www.benzinga.com/news/13/09/3892127/draghis-comments-weigh-on-the-euro"> were higher </a> today. The Spanish Ibex Index gained 1.23 percent, while Italy's FTSE MIB Index rose 1.21 percent. Meanwhile, the German DAX gained 0.49 percent and the French CAC 40 climbed 1.06 percent while U.K. shares rose 0.23 percent.

Economics 
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.

Guidance

Eurozone

Forex

Econ #s

Economics

Intraday Update

Tech

FNSR

MFRM

MNKD

SWHC

Mid-Day Market Update: US Stocks Turn Higher; Quiksilver Shares Surge On Upbeat Earnings

Following the market opening Friday, the Dow traded down 0.72 percent to 14,829.43 while the NASDAQ tumbled 0.66 percent to 3,634.78. The S&amp;P also fell, dropping 0.55 percent to 1,645.92.

Top Headline 
Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) reported a <a href="http://www.benzinga.com/news/earnings/13/09/3892819/update-smithfield-posts-lower-q1-profit"> drop in its first-quarter </a> profit.

Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.

Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.

Equities Trading UP 
Quiksilver (NYSE: <a class="ticker" href="/stock/zqk#NYSE">ZQK</a>) shot up 18.27 percent to $6.15 after the company reported upbeat fiscal third-quarter earnings.

Shares of VeriFone Systems (NYSE: <a class="ticker" href="/stock/pay#NYSE">PAY</a>) got a boost, shooting up 8.88 percent to $22.56 after the company reported <a href="http://www.benzinga.com/news/earnings/13/09/3891235/verifone-rises-after-q3-results-pay"> better-than-expected </a> fiscal third-quarter results.

Finisar (NASDAQ: <a class="ticker" href="/stock/fnsr#NASDAQ">FNSR</a>) was also up, gaining 7.55 percent to $24.57 after the company issued strong Q2 outlook.

Equities Trading DOWN 
Shares of Mattress Firm Holding (NASDAQ: <a class="ticker" href="/stock/mfrm#NASDAQ">MFRM</a>) were down 14.66 percent to $35.58 after the company reported <a href="http://www.benzinga.com/news/earnings/13/09/3892394/mattress-firm-misses-q2-results-lowers-fy13-outlook"> downbeat second-quarter results </a> and lowered its forecast.

MannKind (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>) shares tumbled 4.92 percent to $5.99 after analysts at <a href="http://www.benzinga.com/analyst-ratings/analyst-color/13/09/3892631/update-bank-of-america-downgrades-mannkind-following-phy"> Bank of America downgraded </a> the stock from Neutral to Underperform.

Smith &amp; Wesson Holding (NASDAQ: <a class="ticker" href="/stock/swhc#NASDAQ">SWHC</a>) was down, falling 6.01 percent to $10.79 after the company issued a downbeat Q2 forecast.

Commodities 
In commodity news, <a href="http://www.benzinga.com/news/13/09/3892126/brent-set-for-second-weekly-gain"> oil traded up 0.95 percent </a> to $109.40, while gold traded up 0.77 percent to $1,383.60.

Silver traded up 2.26 percent Friday to $23.78, while copper rose 0.94 percent to $3.27.

Eurozone 
European shares <a href="http://www.benzinga.com/news/13/09/3892127/draghis-comments-weigh-on-the-euro"> were higher </a> today. The Spanish Ibex Index gained 1.32 percent, while Italy's FTSE MIB Index rose 1.37 percent. Meanwhile, the German DAX gained 0.43 percent and the French CAC 40 climbed 0.70 percent while U.K. shares rose 0.35 percent.

Economics 
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.

Futures

Mid-Morning Market Update: Markets Tumble; Smithfield Posts Drop In Q1 Profit

Smithfield Foods (NYSE: <a class="ticker" href="/stock/sfd#NYSE">SFD</a>) reported a drop in its first-quarter profit. 

Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.

Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.

Smithfield shares fell 0.24% to $33.88 in pre-market trading.

UPDATE: Smithfield Posts Lower Q1 Profit

Press Releases

Smithfield Culinary Named Overall Winner in International Foodservice Distributors Association Distributor's Choice Awards

Smithfield Foods

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