Smithfield Foods Strengthens Its Portfolio by Acquiring Nathan’s Famous
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Barron's
- New Ownership: One of America’s most iconic foods is set to change ownership.
- Cultural Significance: The food in question holds a significant place in American culture and cuisine.
- Market Impact: The transition in ownership may influence the market dynamics of this iconic food.
- Consumer Reactions: There may be varied reactions from consumers regarding the change in ownership.
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
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 23.100
Low
29.00
Averages
29.75
High
31.00
Current: 23.100
Low
29.00
Averages
29.75
High
31.00
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.
