Insider Selling: Smithfield Foods, Inc (NASDAQ:SFD) Major Shareholder Sells 13,043,479 Shares of Stock

Smithfield Foods, Inc (NASDAQ:SFD) major shareholder Group Ltd/Adr Wh sold 13,043,479 shares of Smithfield Foods stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $20.00, for a total transaction of $260,869,580.00. Following the sale, the insider now owns 367,025,753 shares of the company’s stock, valued at $7,340,515,060. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Smithfield Foods Stock Down 1.3 %

Shares of SFD stock opened at $21.50 on Friday. Smithfield Foods, Inc has a 1 year low of $19.10 and a 1 year high of $22.03.

Smithfield Foods Company Profile

Smithfield Foods, Inc produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. The Company operates in four segments: Pork, Hog Production, International and Corporate, each of which consists of a number of subsidiaries, joint ventures and other investments.