Smithfield Plans New $1.3B South Dakota Pork Plant
Smithfield Foods announced plans to invest an estimated $1.3 billion in a new, highly automated pork processing plant in Sioux Falls, South Dakota. This facility is intended to replace its existing downtown plant and combine fresh pork processing and packaged meat production. Production is projected to commence in late 2028, pending regulatory and board approvals.
Readystate Asset Management LP Sells 77,633 Shares of Smithfield Foods, Inc. $SFD
Readystate Asset Management LP significantly reduced its stake in Smithfield Foods, selling 77,633 shares in the third quarter, decreasing their holdings by 37.0% to 132,300 shares valued at approximately $3.11 million. Despite this, analyst sentiment for Smithfield Foods remains constructive, with a "Moderate Buy" consensus rating and a price target of $28.31. Smithfield Foods trades near $24.94 with a market cap of around $9.8 billion.
See photos of Smithfield Foods' meat processing plant through the years
This article provides a photographic history of Smithfield Foods' meat processing plant in Sioux Falls, South Dakota, from its early days as the John Morrell plant to recent developments. It covers significant events such as the plant's handling of the COVID-19 outbreak in 2020, environmental cleanup efforts, and the recent announcement of its relocation to Foundation Park in 2026. The images track the facility's evolution and its impact on the community and its employees.
Smithfield Foods to Construct Packaged Meats, Fresh Pork Processing Site in South Dakota
Smithfield Foods announced plans to construct a new packaged meats and fresh pork processing facility in Sioux Falls, South Dakota. This expansion aims to enhance the company's production capabilities for various pork products, including bacon, sausage, and hams. The new facility will support Smithfield's three key segments: Packaged Meats, Fresh Pork, and Hog Production.
Smithfield Foods to Build New Facility in South Dakota
Smithfield Foods plans to construct a new, highly automated packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, with an estimated investment of up to $1.3 billion. This new facility will replace its century-old existing plant, aiming to boost efficiency and support the regional agricultural economy. Construction is projected to start in spring 2026 with production commencing by the end of 2028, pending regulatory and board approvals.
Proposed $1.3B Smithfield meat plant to reshape Sioux Falls farm economy
Smithfield Foods announced plans for a new state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, with an estimated investment of up to $1.3 billion over three years. This facility will replace their existing 100-year-old plant, aiming to boost efficiency through advanced automation and streamline operations. The project, contingent on various approvals, is expected to start site work in spring 2026 and commence production by the end of 2028, supporting 3,200 local jobs and regional agriculture.
Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota
Smithfield Foods announced plans to build a new, state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, representing an investment of up to $1.3 billion. The new facility in Foundation Park will replace their century-old existing plant and aims to bring significant efficiency gains and support the local agricultural economy. This move is contingent on regulatory approvals and is projected to begin site work in spring 2026 with production starting in late 2028.
Smithfield Foods Inc. recently announced its preliminary investment plan for the next three years, with a planned investment amount of up to 1.3 billion USD.
Smithfield Foods Inc. has unveiled a preliminary investment plan of up to $1.3 billion over the next three years. This significant investment is aimed at business expansion, capacity upgrades, and optimizing production facilities. The company intends to strengthen its market leadership, improve operational efficiency, and enhance product competitiveness through this strategic capital deployment.
Smithfield Foods to build plant as century-old site will redevelop
Smithfield Foods Inc. announced plans to build an estimated $1 billion state-of-the-art plant on 200 acres in northwest Sioux Falls, replacing its 117-year-old facility. The existing 120-acre site, located adjacent to downtown and Falls Park, will transition to community ownership through a $50 million gift from philanthropist Denny Sanford, opening it up for significant redevelopment. This move, hailed as the largest business investment in South Dakota's history, aims to create a technologically advanced processing facility while transforming a core urban area into The Sanford District.
Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota
Smithfield Foods announced plans to build a new $1.3 billion state-of-the-art packaged meats and fresh pork processing facility in Foundation Park, Sioux Falls, South Dakota. This new facility will replace their existing century-old plant and is expected to start site work in spring 2026 and production by the end of 2028. The investment is contingent on regulatory approvals and aims to enhance efficiency, support independent hog farmers, and revitalize the downtown Sioux Falls riverfront area.
Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota
Smithfield Foods announced plans to build a new $1.3 billion state-of-the-art packaged meats and fresh pork processing facility in Foundation Park, Sioux Falls, South Dakota. This new facility will replace their existing plant, which has been operational for over 100 years, and is contingent on regulatory approvals. The project aims to enhance efficiency, support independent hog and crop farmers, and is a collaborative effort with local and state government, expected to create a significant economic impact for the region.
Smithfield Foods announces plans for new processing facility in Sioux Falls
Smithfield Foods announced plans to build a new, state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, with a proposed investment of up to $1.3 billion. This facility, designed for advanced automation, will replace Smithfield’s existing plant and is expected to be built in Foundation Park. The project, which emphasizes the company's commitment to the region and the agricultural economy, is scheduled to begin work in spring 2026 with production starting by late 2028.
Smithfield Foods Inc. recently announced its preliminary investment plan for the next three years, with a planned investment amount of up to 1.3 billion USD.
Smithfield Foods Inc. has announced a preliminary investment plan of up to $1.3 billion over the next three years. This significant investment aims to optimize production facilities, expand the supply chain, and drive technological innovation, reflecting the company's positive industry outlook and determination to maintain market leadership. The plan is expected to enhance operational efficiency, product competitiveness, and sustainable development, with market observers closely watching its impact on Smithfield Foods' long-term growth.
ING Groep NV Has $7.74 Million Holdings in Smithfield Foods, Inc. $SFD
ING Groep NV increased its stake in Smithfield Foods (NASDAQ:SFD) by 54.1% in the third quarter, now owning 329,500 shares valued at approximately $7.74 million. Other institutional investors like Prudential Financial and Fourth Sail Capital also significantly boosted or initiated positions. Smithfield Foods currently holds a "Moderate Buy" consensus rating from analysts, with an average target price of $28.31.
Smithfield to close Massachusetts dry sausage facility
Smithfield Foods is closing its dry sausage facility in Springfield, Massachusetts, with operations ceasing by August 2026. Production will be relocated to other Smithfield facilities, resulting in 190 employee layoffs between April 10 and September 11, 2026. The company confirmed the closure plans in a Worker Adjustment Retraining Notification Act notice.
Smithfield Foods (SFD) and Nathan’s Famous, Inc. Announce About Definitive Merger Agreement
Smithfield Foods, Inc. (NASDAQ: SFD) has entered into a definitive merger agreement to acquire Nathan’s Famous, Inc. for $102.00 per share in cash, valuing the deal at approximately $450 million. This acquisition will allow Smithfield Foods to integrate Nathan’s Famous into its Packaged Meats portfolio, creating new growth opportunities and aiming for annual cost synergies of about $9 million by the second anniversary of the deal. The transaction reflects a valuation of roughly 12.4x Nathan’s Famous’s adjusted EBITDA on an LTM basis and 10.0x post-synergies.
Smithfield to shutter sausage plant
Smithfield Foods Inc. is closing its dry sausage facility in Springfield, Mass., leading to 190 layoffs between April and September 2026. Production will shift to other Smithfield facilities with existing capacity. This announcement follows Smithfield's plan to purchase Nathan’s Famous Inc. for approximately $450 million.
Smithfield Foods confirms closure of Massachusetts plant
Smithfield Foods Inc. has confirmed the closure of its dry sausage facility in Springfield, Mass., with operations expected to conclude by August 2026. The closure will result in the layoff of 190 employees between April and September 2026, as production is transferred to other company facilities. Smithfield is offering transition support and other job opportunities to affected employees.
Y Intercept Hong Kong Ltd Has $214,000 Stock Position in Smithfield Foods, Inc. $SFD
Y Intercept Hong Kong Ltd significantly reduced its stake in Smithfield Foods, Inc. by 90.5% in the third quarter of 2025, selling 87,146 shares and retaining 9,118 shares valued at $214,000. Meanwhile, other institutional investors like Norges Bank and Systematic Financial Management increased their holdings in the company. Analysts maintain a "Moderate Buy" rating for Smithfield Foods with an average price target of $28.31.
Smithfield Foods, Inc. (NASDAQ:SFD) Given Consensus Recommendation of "Moderate Buy" by Analysts
MarketBeat reports that Smithfield Foods, Inc. (NASDAQ:SFD) has received a consensus "Moderate Buy" rating from eleven analysts, with an average 12-month price target of $28.31. The company pays a quarterly dividend of $0.25, amounting to an annualized yield of 4.1% and a payout ratio of 45.05%. Shares opened at $24.10, trading within a 52-week range of $18.43–$26.07, and the company holds a market cap of approximately $9.47 billion.
A Look At Smithfield Foods (SFD) Valuation After Recent Share Price Momentum
Smithfield Foods (SFD) has shown recent strong share price momentum, returning 9.3% in the past month and 16.0% over the past year. The stock is currently trading at a 21% discount to analyst price targets and a 67% gap to one intrinsic value estimate, suggesting it may still be undervalued. The "Most Popular Narrative" indicates a fair value of $29.36, driven by premiumization, sustained revenue growth, and higher net margins.
Smithfield Foods Inc (NASDAQ:SFD) Presents a Compelling Value Investment Case
Smithfield Foods Inc (NASDAQ:SFD) appears to be a compelling value investment opportunity, identified through a "Decent Value" filter due to its strong valuation measures and acceptable financial health. The company boasts a ChartMill Valuation Grade of 8 out of 10, with attractive P/E ratios significantly lower than industry averages and the S&P 500. Despite modest growth projections, its financial stability, effective use of capital, and a 4.21% dividend yield suggest it is an overlooked, fundamentally sound business rather than a distressed one.
SG Americas Securities LLC Has $147,000 Stake in Smithfield Foods, Inc. $SFD
SG Americas Securities LLC significantly reduced its stake in Smithfield Foods, Inc. by 93.7% in Q3, ending with shares valued at $147,000. Despite this, other major institutions like Norges Bank and Fourth Sail Capital initiated or expanded their positions, indicating strong buy-side interest. Analysts maintain a "Moderate Buy" rating for Smithfield Foods, with a consensus target price of $28.31, while the company trades near $23.90, has a P/E of approximately 10.8, and offers a 4.2% dividend yield.
Smithfield Foods (NASDAQ:SFD) Stock Rating Upgraded by Wall Street Zen
Wall Street Zen has upgraded Smithfield Foods (NASDAQ:SFD) from a "hold" to a "buy" rating. This upgrade contributes to a consensus of "Moderate Buy" among analysts, with an average price target of $28.31. The company recently reported strong quarterly earnings, surpassing analyst expectations for both EPS and revenue.
Smithfield Foods Buys Nathan's Famous And Broadens Branded Protein Mix
Smithfield Foods has acquired Nathan's Famous to bring the hot dog brand fully in-house, eliminating licensing fees and gaining direct control over its premium beef product line. This move expands Smithfield's protein portfolio beyond pork into branded beef, creating a diversified product offering. Key considerations for investors include Smithfield's integration efficiency, management of input costs, and the potential for brand positioning and pricing power evolution in the processed meat market.
Smithfield Foods to Acquire Iconic Hot Dog Brand Nathan’s Famous
Smithfield Foods, Inc. announced its definitive merger agreement to acquire Nathan’s Famous, Inc. for $102.00 per share in cash, a deal valued at approximately $450 million. This acquisition will secure Smithfield's rights to the iconic Nathan's Famous brand, which it has licensed since 2014, allowing for maximized growth across retail and foodservice channels. The transaction is expected to close in the first half of 2026, pending regulatory and shareholder approvals, and is anticipated to be immediately accretive to Smithfield’s adjusted diluted earnings per share.
Smithfield Foods Inc (SFD) Stock Price Up 3.3% on Jan 26
Smithfield Foods Inc (SFD) saw its stock price rise by 3.3% on January 26, reaching an intraday high of $23.69 before closing at $23.50. This surge places the stock 9.84% below its 52-week high and 27.51% above its 52-week low. Wall Street analysts maintain an "Outperform" rating for SFD, with an average target price of $29.36, suggesting a 24.92% upside.
Smithfield Foods to acquire Nathan’s Famous for $450M; NATH shares jump 7% premarket
Smithfield Foods has announced its intention to acquire Nathan's Famous for $450 million. Following this news, shares of Nathan's Famous (NATH) experienced a 7% jump in premarket trading. The acquisition marks a significant development for both companies in the food industry.
Assessing Smithfield Foods (SFD) Valuation After Recent Mixed Share Price Performance
Smithfield Foods (SFD) has shown a mixed short-term stock performance but a positive shift over the past three months and year-to-date. With its shares currently at US$22.75, an intrinsic discount of about 69% and a value score of 5 suggest it may be undervalued. The company's fair value is estimated at $29.36, driven by earnings potential from premium products and rising consumer preference for convenient meals, though potential risks include weakening pork demand or sustained high input costs.
Is It Time To Reassess Smithfield Foods (SFD) After Mixed Recent Share Price Moves?
Smithfield Foods (SFD) appears undervalued based on two key valuation approaches. A Discounted Cash Flow (DCF) analysis suggests the stock is approximately 68.5% undervalued with an intrinsic value of US$73.26 per share, compared to its recent price of US$23.10. Additionally, its Price-to-Earnings (P/E) ratio of 10.45x is below both the industry average and Simply Wall St's proprietary "Fair Ratio," further indicating undervaluation.
Coney Island fixture Nathan’s Famous sold for $450 million to Smithfield Foods
Nathan’s Famous, the iconic Coney Island brand, has been sold to Smithfield Foods for $450 million. Smithfield Foods, which has held an exclusive license for Nathan's products since 2014, intends to leverage this acquisition to further grow the brand across retail and foodservice channels. Both companies expressed that the acquisition presents significant growth opportunities and a compelling valuation for Nathan's stockholders.
Smithfield Foods announces acquisition of Nathan’s Famous
Smithfield Foods is acquiring Nathan’s Famous Inc. for approximately $450 million. Smithfield Foods has licensed the Nathan's Famous brand since 2014 and this acquisition secures their rights to the brand, aiming to foster new growth opportunities. The all-cash transaction is expected to close in the first half of 2026, pending shareholder and regulatory approvals.
Smithfield Foods is buying Nathan's Famous for $450M
Smithfield Foods, a Chinese-owned pork producer, is acquiring Nathan's Famous, the hot dog maker and restaurant chain operator, for $450 million, or $102 per share. Smithfield, which has held an exclusive license to manufacture Nathan's hot dogs since 2014, will gain perpetual rights to the brand, aiming to maximize its growth across retail and foodservice channels. The acquisition includes Nathan's 157 global restaurant units and its well-known Hot Dog Eating Contest.
Pork Producer Smithfield Foods to Buy Nathan’s Famous for $450 Million
Smithfield Foods, a pork producer, announced its intent to acquire Nathan's Famous, Inc. for $450 million. The acquisition will allow Smithfield to fully own the Nathan's Famous brand, which it has licensed since 2014, and aims to drive growth in packaged meats, increase foodservice sales, and achieve operating efficiencies including $9 million in cost savings. The deal, which has been approved by Nathan's Famous's Board of Directors, is expected to close in the first half of 2026.
Nathan's Famous Hot Dog Chain Bought by Chinese Pork Producer Smithfield Foods
Smithfield Foods, a Chinese-owned pork producer, has acquired Nathan's Famous hot dog chain in an all-cash deal worth $450 million. Smithfield will purchase all Nathan's shares for $102 each, gaining full ownership of the brand. This acquisition follows Smithfield's long-standing licensing agreement with Nathan's Famous since 2014, and the company expects to achieve significant cost savings and strengthen its packaged meats portfolio.
Smithfield Foods to acquire Nathan’s Famous for $450 million By Investing.com
Smithfield Foods announced its definitive merger agreement to acquire Nathan’s Famous for $450 million, or $102.00 per share, representing a 10% premium. This acquisition grants Smithfield permanent ownership of the Nathan's Famous brand, which it had previously licensed since 2014. The deal is expected to close in the first half of 2026, be immediately accretive to adjusted earnings, and yield approximately $9 million in annual cost synergies by its second anniversary.
Chinese-owned pork producer gobbles up iconic American hot dog maker
Smithfield Foods, a Chinese-owned pork producer, has acquired Nathan's Famous, the iconic American hot dog maker and fast-food chain, in a $450 million all-cash deal. This acquisition secures Smithfield's rights to the Nathan's Famous brand in perpetuity, as they previously held an exclusive licensing agreement. The deal is expected to yield annual cost synergies of approximately $9 million for Smithfield Foods.
Smithfield Foods to acquire Nathan’s Famous
Smithfield Foods announced it will acquire Nathan’s Famous for $102.00 per share in cash, a deal valued at approximately $450 million. This acquisition will secure Smithfield’s rights to the iconic Nathan’s Famous brand into perpetuity, after holding an exclusive licensing agreement since 2014. The transaction aims to boost Smithfield's Packaged Meats segment by driving growth, increasing foodservice sales, and achieving annual cost synergies of around $9 million.
Smithfield Foods to buy Nathan’s Famous for $450M
Smithfield Foods is acquiring Nathan’s Famous for $450 million in an all-cash deal, aiming to strengthen its packaged meats business. Smithfield, which has held an exclusive license for Nathan's Famous since 2014, expects the acquisition to unlock new growth opportunities, improve margins, and expand Othe brand's portfolio. The transaction will also solidify Smithfield's presence in the beef market and is projected to yield $9 million in annual cost synergies.
Missing Link: Smithfield Snaps Up Iconic Hot Dog Brand
Smithfield Foods Inc. announced its acquisition of Nathan's Famous in a $450 million deal, paying $102 per share. This acquisition will add Nathan's Famous to Smithfield's packaged meats portfolio and is expected to generate $9 million in annual cost synergies. The deal is set to close in the first half of the year, bringing the iconic hot dog brand, known for its Coney Island origins and annual eating contest, fully under Smithfield's ownership, who previously held an exclusive license to manufacture its products.
Smithfield Foods to Acquire Nathan’s Famous for $450M
Smithfield Foods is set to acquire Nathan’s Famous for $450 million in an all-cash transaction, building on an exclusive licensing agreement that began in 2014. This acquisition will secure Smithfield's rights to the Nathan's Famous brand indefinitely, allowing them to maximize its growth across retail and foodservice channels. The deal is expected to close in the first half of 2026 and generate approximately $9 million in annual cost synergies.
Smithfield Foods to Acquire Nathan’s Famous in Cash Deal
Smithfield Foods has announced an agreement to acquire Nathan’s Famous in an all-cash deal valued at approximately $450 million, or $102 per share, taking the hot dog brand private. This acquisition will make Nathan’s Famous a wholly owned subsidiary of Smithfield, securing perpetual rights to the brand and immediately boosting Smithfield’s earnings. The deal, expected to close in the first half of 2026, also aims to enhance Smithfield’s packaged meats segment through increased scale and an estimated $9 million in annual cost synergies.
Smithfield Foods to Acquire Iconic Hot Dog Brand Nathan’s Famous
Smithfield Foods announced its acquisition of Nathan's Famous in a definitive merger agreement valued at approximately $450 million. Smithfield will purchase all outstanding shares for $102.00 per share in cash, securing perpetual rights to the iconic hot dog brand. This acquisition is expected to strengthen Smithfield's position in the packaged meats market, drive growth across retail and foodservice channels, and be immediately accretive to its adjusted diluted earnings per share.
Eckrich Scores Big for Education with $600,000 Donation at College Football Playoff National Championship
Eckrich, the official sponsor of the College Football Playoff, donated $600,000 to educators nationwide through the CFP Foundation's Extra Yard for Teachers initiative during the CFP National Championship. This donation was made possible by ESPN's Marty Smith's successful throws in the Eckrich $1 Million Challenge for Teachers. Since 2018, Eckrich has contributed $3.5 million to this program, supporting teachers and providing critical funding for classrooms.
Smithfield Foods, Inc. (SFD): A Bull Case Theory
This article summarizes a bullish thesis on Smithfield Foods, Inc. (SFD), highlighting its market mispricing despite being the world's largest pig and pork producer. The company, majority-owned by WH Group, holds a significant share of U.S. pork processing and trades at an attractive P/E ratio and offers a 4.27% dividend yield. Despite perceived risks, its scale and market position provide resilience, making it a compelling investment for equity and income-focused investors.
Smithfield Foods Launches Impact Grant Program
Smithfield Foods has announced the opening of applications for its 2026 Impact Grant Program, inviting nonprofit organizations to apply for grants of $10,000 or more. The program aims to support initiatives in hunger relief, education, hometown heroes, and community vitality. In 2024, Smithfield invested over $32 million in communities, including donations of more than 25 million servings of protein.
Smithfield Foods IPO likely to price at $20, below $23-$27 range - reports
Sources indicate that Smithfield Foods' initial public offering is expected to price at $20 per share, which is below the previously indicated range of $23 to $27. This suggests a potentially lower valuation than initially anticipated for the company's market debut.
Smithfield Foods IPO likely to price at $20, below $23-$27 range - reports
Sources indicate that Smithfield Foods' initial public offering is expected to price at $20 per share, which is below the previously announced target range of $23 to $27. This pricing decision comes despite earlier reports suggesting the IPO could raise up to $552 million for the company.
Smithfield Foods Launches Impact Grant Program
Smithfield Foods has opened applications for its 2026 Impact Grant Program, offering grants of $10,000 or more to nonprofit organizations. This initiative supports local communities in areas such as hunger relief, education, hometown heroes, and community vitality. In 2024, the company invested over $32 million in community support, including donating more than 25 million servings of protein.
Smithfield opens 2026 impact grant program applications
Smithfield Foods has opened applications for its 2026 Impact Grant Program, offering financial support of $10,000 or more to nonprofit organizations. The grants aim to create measurable improvements in communities where Smithfield employees live and work, focusing on hunger relief, education, hometown heroes, and community vitality. Eligible nonprofits can apply by February 6, 2026, by 11:59 p.m. EST.
