Secondary Public Offering Announcement: Smithfield Foods, Inc. has announced a secondary public offering of 19,531,698 shares of common stock at a price of $23.25 per share, with an option for underwriters to purchase an additional 2,929,754 shares.
No Proceeds for the Company: The company will not receive any proceeds from the sale, as the shares are being sold by SFDS UK Holdings Limited, the principal shareholder, and the offering is expected to close on September 8, 2025.
SFD
$22.7+Infinity%1D
Analyst Views on SFD
Wall Street analysts forecast SFD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFD is 29.75 USD with a low forecast of 29.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast SFD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFD is 29.75 USD with a low forecast of 29.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 22.620
Low
29.00
Averages
29.75
High
31.00
Current: 22.620
Low
29.00
Averages
29.75
High
31.00
Goldman Sachs
Leah Jordan
Buy
maintain
$29 -> $31
2025-10-28
Reason
Goldman Sachs
Leah Jordan
Price Target
$29 -> $31
2025-10-28
maintain
Buy
Reason
Goldman Sachs analyst Leah Jordan raised the firm's price target on Smithfield Foods to $31 from $29 and keeps a Buy rating on the shares. Hog production strength more than offsets near-term input cost pressure, with tailwinds expected to continue into FY26, the analyst tells investors in a research note. Goldman adds that it continues to see a constructive backdrop for Smithfield Foods in Q4 and into FY26 with a favorable commodity outlook for hog production, along with a margin recovery in the other segments over time.
Morgan Stanley
Megan Alexander Clapp
Overweight
downgrade
$30 -> $29
2025-10-16
Reason
Morgan Stanley
Megan Alexander Clapp
Price Target
$30 -> $29
2025-10-16
downgrade
Overweight
Reason
Morgan Stanley analyst Megan Alexander Clapp lowered the firm's price target on Smithfield Foods to $29 from $30 and keeps an Overweight rating on the shares. Heading into Q3 earnings, the firm updated models for the latest scanner trends, commodity prices, and forex rates, where applicable, among its food stock coverage.
Barclays
Benjamin Theurer
Overweight
maintain
$28 -> $30
2025-08-13
Reason
Barclays
Benjamin Theurer
Price Target
$28 -> $30
2025-08-13
maintain
Overweight
Reason
Barclays analyst Benjamin Theurer raised the firm's price target on Smithfield Foods to $30 from $28 and keeps an Overweight rating on the shares. The firm says that while the company's Q2 results were mixed, management raised guidance on strong hog production results. Smithfield will continue to expand margins and cash flow, the analyst tells investors in a research note.
Morgan Stanley
Megan Alexander Clapp
Overweight
maintain
$29 -> $30
2025-08-12
Reason
Morgan Stanley
Megan Alexander Clapp
Price Target
$29 -> $30
2025-08-12
maintain
Overweight
Reason
Morgan Stanley analyst Megan Alexander Clapp raised the firm's price target on Smithfield Foods to $30 from $29 and keeps an Overweight rating on the shares. The firm cites the company's "solid" Q2 results, while the management's raised operating profit outlook for FY25 "still appears conservative", the analyst tells investors in a research note.
About SFD
Smithfield Foods, Inc. is an American food company, which is focused on packaged meats and fresh pork products. The Company markets its products under a portfolio of brands including Smithfield, Eckrich and Nathan’s Famous, among many others. It operates through three segments: Packaged Meats, Fresh Pork, and Hog Production. The Packaged Meats segment consists of its U.S. operations that process fresh meat into a variety of packaged meat products, including bacon, sausage, hot dogs, deli and lunch meats, dry sausage products, ham products, ready-to-eat products and prepared foods. The Fresh Pork segment consists of its U.S. operations that process live hogs into a variety of primal, sub-primal and offal products, such as bellies, butts, hams, loins, picnics and ribs. The Hog Production segment consists of its hog production operations in the United States, which produce and raise hogs on numerous Company-owned farms and farms that are owned and operated by third-party contract farmers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
