Smithfield Foods, Inc (NASDAQ:SFD) Major Shareholder Group Ltd/Adr Wh Sells 13,043,479 Shares

Smithfield Foods, Inc (NASDAQ:SFD) major shareholder Group Ltd/Adr Wh sold 13,043,479 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 367,025,753 shares in the company, valued at approximately $7,340,515,060. The trade was a 3.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Smithfield Foods Trading Down 1.6 %

Shares of NASDAQ:SFD traded down $0.35 during trading on Friday, reaching $21.44. 355,004 shares of the stock traded hands, compared to its average volume of 2,198,342. Smithfield Foods, Inc has a 52-week low of $19.10 and a 52-week high of $22.03.

About Smithfield Foods

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.