Smithfield Foods (SFD)


Market Price (10/31/2026): $18.36 | Market Cap: $7.2 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Smithfield Foods (SFD)


Market Price (10/31/2026): $18.36
Market Cap: $7.2 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 13%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Vegan & Alternative Foods. Themes include Vegan Products, Sustainable Packaging, and Ethical Sourcing.

Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -84%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -8.3%

Key risks
SFD key risks include [1] geopolitical tensions and potential trade disruptions due to its majority ownership by a China-based parent and [2] governance concerns related to its 'controlled company' status.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 13%
1 Low stock price volatility
Vol 12M is 25%
2 Megatrend and thematic drivers
Megatrends include Vegan & Alternative Foods. Themes include Vegan Products, Sustainable Packaging, and Ethical Sourcing.
3 Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -84%
4 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -8.3%
5 Key risks
SFD key risks include [1] geopolitical tensions and potential trade disruptions due to its majority ownership by a China-based parent and [2] governance concerns related to its 'controlled company' status.

SFD in ETFs

Weight = SFD's share of each fund

IWB0.00%
FNDA0.06%
SCHA0.02%
ONEQ0.02%
SCHM0.02%
DFAS0.01%
IWS0.01%
IWR0.01%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/27/2026

Smithfield Foods (SFD) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Significant Decline in Fresh Pork Segment Profitability.

Smithfield Foods' Fresh Pork segment experienced a substantial downturn in fiscal Q3 2026, reporting an operating loss of $89 million. This is a sharp contrast to the $10 million operating profit recorded in the same period of fiscal 2025. This decline was primarily driven by an 11.4% decrease in average selling prices and a 6.3% reduction in volume, attributed to softer commodity markets and weakened demand. The industry's processing spread narrowed by approximately 28% sequentially and was down about 35% year-over-year.

2. Pressure from Lower Hog Production Prices.

The Hog Production segment also faced significant challenges in fiscal Q3 2026, as lower market hog prices impacted profitability. Sales for this segment decreased by 15% to $691 million, and adjusted operating profit plunged by 61.3% to $34 million compared to the prior year's quarter. The operating margin for Hog Production compressed to 5.0% from 10.9%, reflecting an unusually prolonged period of depressed hog values.

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Updated on 10/27/2026

Smithfield Foods (SFD) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Significant Decline in Fresh Pork Segment Profitability.

Smithfield Foods' Fresh Pork segment experienced a substantial downturn in fiscal Q3 2026, reporting an operating loss of $89 million. This is a sharp contrast to the $10 million operating profit recorded in the same period of fiscal 2025. This decline was primarily driven by an 11.4% decrease in average selling prices and a 6.3% reduction in volume, attributed to softer commodity markets and weakened demand. The industry's processing spread narrowed by approximately 28% sequentially and was down about 35% year-over-year.

2. Pressure from Lower Hog Production Prices.

The Hog Production segment also faced significant challenges in fiscal Q3 2026, as lower market hog prices impacted profitability. Sales for this segment decreased by 15% to $691 million, and adjusted operating profit plunged by 61.3% to $34 million compared to the prior year's quarter. The operating margin for Hog Production compressed to 5.0% from 10.9%, reflecting an unusually prolonged period of depressed hog values.

3. Overall Sales and Profit Miss, Coupled with Reduced Fiscal Year Guidance.

Smithfield Foods reported consolidated sales of $3.4 billion in fiscal Q3 2026, an 8.3% decrease from $3.75 billion in fiscal Q3 2025, falling short of the analyst consensus of $3.69 billion. Adjusted operating profit for the quarter declined 53.2% to $145 million from $310 million year-over-year, and adjusted diluted earnings per share (EPS) was $0.26, a significant drop from $0.58 in the prior-year quarter. Furthermore, management revised its full-year fiscal 2026 revenue guidance downwards, now anticipating total sales to decline by a low-single-digit percentage compared to fiscal 2025, and trimmed its total adjusted operating profit outlook to a range of $900 million to $1 billion.

4. Broader Weakness in Pork Commodity Markets.

The stock's decline was exacerbated by unfavorable macroeconomic conditions impacting the global pork market. Industry reports indicate persistent weakness in pork prices due to stagnant demand and an oversupply, which has kept sentiment subdued across major producing regions. Increased competition from chicken in both retail and foodservice channels has also been cited as a significant headwind for pork demand. Smithfield's management explicitly attributed the challenges in its "upstream segments" to these lower pork commodity markets.

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Stock Movement Drivers

Fundamental Drivers

The -23.3% change in SFD stock from 6/30/2026 to 10/30/2026 was primarily driven by a -14.0% change in the company's P/E Multiple.
(LTM values as of)630202610302026Change
Stock Price ($)23.9318.34-23.3%
Change Contribution By: 
Total Revenues ($ Mil)15,56015,164-2.5%
Net Income Margin (%)6.5%5.9%-8.5%
P/E Multiple9.38.0-14.0%
Shares Outstanding (Mil)393394-0.1%
Cumulative Contribution-23.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/30/2026
ReturnCorrelation
SFD-23.3% 
Market (SPY)1.2%-11.5%
Sector (XLP)7.6%43.7%

Fundamental Drivers

The -31.9% change in SFD stock from 3/31/2026 to 10/30/2026 was primarily driven by a -25.2% change in the company's P/E Multiple.
(LTM values as of)331202610302026Change
Stock Price ($)26.9518.34-31.9%
Change Contribution By: 
Total Revenues ($ Mil)15,53115,164-2.4%
Net Income Margin (%)6.4%5.9%-6.6%
P/E Multiple10.78.0-25.2%
Shares Outstanding (Mil)393394-0.2%
Cumulative Contribution-31.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/30/2026
ReturnCorrelation
SFD-31.9% 
Market (SPY)16.5%-10.0%
Sector (XLP)9.8%44.8%

Fundamental Drivers

The -18.0% change in SFD stock from 9/30/2025 to 10/30/2026 was primarily driven by a -53.9% change in the company's P/E Multiple.
(LTM values as of)930202510302026Change
Stock Price ($)22.3618.34-18.0%
Change Contribution By: 
Total Revenues ($ Mil)14,39315,1645.4%
Net Income Margin (%)3.5%5.9%69.2%
P/E Multiple17.48.0-53.9%
Shares Outstanding (Mil)393394-0.2%
Cumulative Contribution-18.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/30/2026
ReturnCorrelation
SFD-18.0% 
Market (SPY)14.4%-4.5%
Sector (XLP)16.5%42.2%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/30/2026
ReturnCorrelation
SFD  
Market (SPY)82.9%17.0%
Sector (XLP)40.0%43.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SFD Return----18%-15%1%
Peers Return23%-7%-10%9%6%-11%7%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
SFD Win Rate----58%40% 
Peers Win Rate55%53%48%52%42%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SFD Max Drawdown------37% 
Peers Max Drawdown-17%-26%-27%-20%-28%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TSN, HRL, PPC, SEB, CAG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)

How Low Can It Go

EventSFDS&P 500
2025 US Tariff Shock
  % Loss-13.3%-18.8%
  % Gain to Breakeven15.4%23.1%
  Time to Breakeven50 days79 days

Compare to TSN, HRL, PPC, SEB, CAG

In The Past

Smithfield Foods's stock fell -13.3% during the 2025 US Tariff Shock. Such a loss loss requires a 15.4% gain to breakeven.

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Compare to TSN, HRL, PPC, SEB, CAG

In The Past

Smithfield Foods's stock fell -13.3% during the 2025 US Tariff Shock. Such a loss loss requires a 15.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Smithfield Foods (SFD)

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Smithfield Foods sells its products primarily to other companies. Its major customers include:

  • Walmart Inc. (Symbol: WMT)
  • The Kroger Co. (Symbol: KR)
  • Costco Wholesale Corporation (Symbol: COST)
  • Sysco Corporation (Symbol: SYY)
  • US Foods Holding Corp. (Symbol: USFD)

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Shane Smith, President and Chief Executive Officer

Shane Smith has served as President and Chief Executive Officer of Smithfield Foods since July 2021. He joined the company in 2003 and has held a wide range of leadership roles across Smithfield's operations, including finance, renewables, and hog production. Smith previously served as Smithfield's Chief Strategy Officer, where he led the company's organic and mergers and acquisitions growth initiatives. His prior roles also include Executive Vice President of Smithfield's European operations and Chief Financial Officer of Smithfield Europe. He also served as an executive director and a member of the board of directors at WH Group, Smithfield's parent company, until Smithfield's IPO in January 2025.

Mark Hall, Chief Financial Officer

Mark Hall assumed the role of Chief Financial Officer in January 2023. He joined Smithfield Foods in 2014 as Vice President of Finance for the John Morrell Food Group. Hall has over 25 years of industry experience and previously served as Smithfield's Executive Vice President of Finance, overseeing various financial functions. Before joining Smithfield, he held finance positions with The Quaker Oats Company and McCain Foods USA Inc. His career began in public accounting at Arthur Andersen LLP and included work in equity research for Legg Mason Wood Walker Inc.

Keller Watts, Chief Business Officer

Keller Watts has served as Smithfield's Chief Business Officer since January 2023. With over 30 years at the company, he is responsible for executing the company's business strategy, leading its fresh and packaged business management, raw material procurement, and supply planning teams. Watts has held diverse roles within Smithfield, including sales, marketing, revenue management, supply chain, strategic sourcing, and research and development.

Doug Sutton, Ph.D., Chief Manufacturing Officer

Doug Sutton, Ph.D., has been Smithfield's Chief Manufacturing Officer since January 2023. He joined the company in 2001 and has held leadership positions such as Executive Vice President, Manufacturing, and Vice President, Research and Development. Dr. Sutton holds a Bachelor of Animal Science and a Master of Animal Science from Oklahoma State University, along with a Ph.D. in Animal Science from the University of Illinois Urbana-Champaign.

Kraig Westerbeek, President, Hog Production

Kraig Westerbeek was named President, Hog Production, in February 2024, and is responsible for all of Smithfield's U.S. swine production operations. He joined the company in 1993 and has served in various leadership capacities, including Vice President, Smithfield Renewables and hog production environmental compliance. Westerbeek was also instrumental in the formation of Smithfield Renewables in 2017 and previously held the role of chief development officer for Smithfield's joint venture, Monarch.

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Key Risks to Smithfield Foods (SFD)

  1. Animal Disease Outbreaks and Food Safety Concerns: Smithfield Foods faces significant risks from foreign animal diseases, such as African Swine Fever, which can lead to devastating impacts on hog supply, market closures, and operational disruptions. Additionally, the business is vulnerable to food safety issues and product recalls resulting from bacterial contamination (e.g., Salmonella, Listeria, E. coli) or other hazards, which can cause substantial financial losses, harm brand reputation, and erode consumer trust.
  2. Commodity Price Volatility and Intense Market Competition: The profitability of Smithfield Foods, particularly its Hog Production segment, is significantly influenced by the cyclical nature of commodity markets and fluctuations in hog and feed prices. The highly competitive meatpacking industry, with major players vying for market share, necessitates continuous innovation and efficiency for Smithfield to maintain its profitability and market position.
  3. Regulatory and Trade Policy Shifts, and Geopolitical Risks: Changes in international trade policies, the imposition of tariffs, and ongoing scrutiny related to Smithfield's ownership by Chinese investors pose considerable risks to its export markets and overall business operations. Broader geopolitical events can also disrupt global supply chains and lead to increased input costs, further impacting the company's financial performance.

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Smithfield Foods (SFD) operates in the pork production and processed meats markets, offering a wide range of products including fresh pork, bacon, sausage, hot dogs, and deli meats.

Addressable Markets for Smithfield Foods' Main Products and Services:

  • Global Pork Meat Market: The global pork meat market was estimated at USD 293.18 billion in 2023 and is projected to reach USD 424.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. Another estimate placed the global pork meat market size at USD 302.28 billion in 2025, with a projection to reach USD 441.65 billion by 2035, at a CAGR of 3.86% from 2026 to 2035. The fresh pork segment alone was valued at USD 383.9 billion globally in 2024.
  • U.S. Pork Meat Market: The North American pork meat market was valued at USD 51.81 billion in 2023. The U.S. pork meat market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
  • Global Processed Meat Market: The global processed meat market was valued at USD 740.61 billion in 2025 and is projected to reach USD 1,260.84 billion by 2034, growing at a CAGR of 6.09% from 2025 to 2034.
  • U.S. Processed Meat Market: In the U.S., the processed meat market was valued at USD 128.28 billion in 2024 and is projected to reach approximately USD 235.60 billion by 2034, with a CAGR of 6.25% from 2025 to 2034.
  • Global Bacon Market: The global bacon market was estimated at US$75.7 billion in 2024 and is expected to reach US$97.2 billion by 2030, with a CAGR of 4.2%. Another report estimated the global bacon market size at USD 75.16 billion in 2025, projected to grow to USD 95.92 billion by 2034 at a CAGR of 2.75%.
  • U.S. Bacon Market: The bacon market in the U.S. was estimated at US$19.9 billion in 2024. The North America bacon market holds the largest share globally, accounting for approximately 38% of the total market.
  • Global Sausage Market: The global sausage market was valued at USD 99933.35 million (approximately USD 99.93 billion) in 2024 and is expected to reach USD 149127.59 million (approximately USD 149.13 billion) by 2033, growing at a CAGR of 4.5% from 2025 to 2033.
  • North America Hot Dog and Sausages Market: This market was valued at USD 39.85 billion in 2023 and is projected to reach USD 51.39 billion by the end of 2030, with a CAGR of 3.7%.
  • U.S. Sausage Market: Annual sales of sausage in the United States are estimated at $12 billion. The breakfast sausage market globally was estimated at USD 6.5 billion in 2024 and is expected to grow to USD 13.6 billion in 2034.

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Share Issuance

  • Smithfield Foods returned to the public market through an initial public offering (IPO) on January 28, 2025, trading under the ticker symbol "SFD" on the Nasdaq Global Select Market.
  • The company offered 26,086,958 shares of common stock at $20.00 per share, raising a total of $522 million.
  • Of the shares offered, 13,043,479 were sold by Smithfield Foods, and an equal number were sold by an existing shareholder.

Better Bets vs. Smithfield Foods (SFD)

Peer Outperformance in Packaged Foods & Meats

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Share of Packaged Foods & Meats constituents that SFD has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
62%
of 52 industry peers · -13.7% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Consumer Staples sector, ranked by 5Y. Packaged Foods & Meats is SFD's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Consumer Staples Merchandise Retail 12 21.8%55.5%64.4% WMT 164% · PSMT 148% · COST 117%
Food Distributors 8 8.1%34.9%64.2% CHEF 199% · USFD 199% · PFGC 119%
Tobacco 6 -28.9%11.3%51.6% PM 178% · MO 160%
Food Retail 6 4.3%57.3%45.8% CASY 265% · SFM 124% · KR 86%
Soft Drinks & Non-alcoholic Beverages 13 6.5%-6.3%13.4% COKE 449% · COCO 333% · CCHGY 124%
Brewers 3 -2.3%-22.6%7.4% BUD 41% · TAP 7% · SAM -59%
Household Products 19 19.5%2.1%-10.2% IPAR 43% · CL 41% · CHD 30%
Personal Care Products 4 11.1%16.6%-15.7% ELF 246% · PG 29% · COTY -60%
Agricultural Products & Services 11 -11.8%-11.1%-34.1% ADM 38% · BG 19% · INGR 17%
Packaged Foods & Meats ← 48 -24.6%-31.6%-34.6% CALM 128% · TR 42% · SJM 27%
Distillers & Vintners 5 -34.6%-55.4%-71.9% STZ -31% · BF-B -53%
Drug Retail 3 -34.2%-44.7%-95.0%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SFDTSNHRLPPCSEBCAGMedian
NameSmithfie.Tyson Fo.Hormel F.Pilgrims.Seaboard Conagra . 
Mkt Price18.3657.0421.2928.733,870.0114.5325.01
Mkt Cap7.220.111.76.83.77.07.1
Rev LTM15,16455,69412,14718,33010,27211,24513,655
Op Inc LTM1,1821,2577976453451,222990
FCF LTM9271,16178123-23877829
FCF 3Y Avg7751,16577078121,160778
CFO LTM1,3032,0041,0929754771,2771,184
CFO 3Y Avg1,1362,1791,0671,4415211,5541,289

Growth & Margins

SFDTSNHRLPPCSEBCAGMedian
NameSmithfie.Tyson Fo.Hormel F.Pilgrims.Seaboard Conagra . 
Rev Chg LTM-0.6%2.9%0.7%-0.1%8.2%-1.8%0.3%
Rev Chg 3Y Avg2.1%1.5%-0.1%2.7%-0.1%-2.9%0.7%
Rev Chg Q-8.3%-0.1%-2.4%-2.2%17.8%-1.4%-1.8%
QoQ Delta Rev Chg LTM-2.0%-0.0%-0.6%-0.6%4.5%-0.3%-0.5%
Op Inc Chg LTM-1.2%-30.5%-16.7%-63.1%46.2%-10.6%-13.6%
Op Inc Chg 3Y Avg12.8%22.7%-10.6%100.7%800.7%-19.2%17.7%
Op Mgn LTM7.8%2.3%6.6%3.5%3.4%10.9%5.0%
Op Mgn 3Y Avg7.0%2.3%7.7%7.1%1.9%12.4%7.0%
QoQ Delta Op Mgn LTM-1.0%-0.4%-0.6%-1.6%0.3%-0.3%-0.5%
CFO/Rev LTM8.6%3.6%9.0%5.3%4.6%11.4%7.0%
CFO/Rev 3Y Avg7.7%4.0%8.8%7.9%5.4%13.4%7.8%
FCF/Rev LTM6.1%2.1%6.4%0.1%-0.2%7.8%4.1%
FCF/Rev 3Y Avg5.2%2.1%6.4%4.3%0.0%10.0%4.8%

Valuation

SFDTSNHRLPPCSEBCAGMedian
NameSmithfie.Tyson Fo.Hormel F.Pilgrims.Seaboard Conagra . 
Mkt Cap7.220.111.76.83.77.07.1
P/S0.50.41.00.40.40.60.4
P/Op Inc6.116.014.710.610.75.710.7
P/EBIT6.216.419.510.65.5-4.78.4
P/E8.035.034.221.35.8-3.714.7
P/CFO5.510.010.77.07.85.57.4
Total Yield15.7%6.4%8.4%4.7%17.3%-17.7%7.4%
Dividend Yield3.3%3.5%5.5%0.0%0.2%9.6%3.4%
FCF Yield 3Y Avg-5.8%5.0%7.5%0.1%12.0%5.8%
D/E0.30.40.20.50.51.10.5
Net D/E0.20.40.20.40.21.10.3

Returns

SFDTSNHRLPPCSEBCAGMedian
NameSmithfie.Tyson Fo.Hormel F.Pilgrims.Seaboard Conagra . 
1M Rtn-1.9%12.9%8.4%6.3%-2.0%8.1%7.2%
3M Rtn-28.5%-0.7%-13.6%5.0%-12.3%0.1%-6.5%
6M Rtn-28.3%-8.8%2.6%-9.9%-30.5%4.5%-9.4%
12M Rtn-13.6%14.9%5.5%-24.6%17.1%-11.8%-3.1%
3Y Rtn0.9%36.6%-25.5%27.1%11.2%-36.3%6.1%
1M Excs Rtn-2.2%12.0%7.3%13.0%-3.1%9.1%8.2%
3M Excs Rtn-30.2%-5.3%-16.2%1.0%-13.7%-4.4%-9.5%
6M Excs Rtn-35.4%-15.9%-4.5%-17.0%-37.6%-2.6%-16.5%
12M Excs Rtn-24.0%4.0%-7.8%-37.0%8.2%-22.1%-15.0%
3Y Excs Rtn-84.1%-45.4%-109.5%-47.1%-72.9%-121.9%-78.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232013
Packaged Meats8,7578,3198,280 
Fresh Pork8,3447,8737,832 
Hog Production3,3933,0023,3173,135
Other5284715590
Corporate000 
Unallocated000 
Intersegment-5,492-5,524-5,348 
International   1,468
Pork   11,076
intersegment sales   -2,459
Total15,53014,14114,64013,221


Operating Income by Segment
$ Mil2025202420232013
Packaged Meats1,0941,1681,066 
Fresh Pork214266117 
Hog Production176-144-756-119
Other4535-4 
Intersegment000 
Unallocated-109-55-371 
Corporate-128-153-107-101
International   108
Pork   632
Total1,2921,117-55519


Assets by Segment
$ Mil2013201220112010
Corporate1,4231,3801,0321,289
Hog Production2,2992,1452,0742,556
International1,7031,6511,8851,115
Pork2,2912,2462,6202,579
Other   169
Total7,7167,4227,6127,709


Price Behavior

Price Behavior
Market Price$18.34 
Market Cap ($ Bil)7.2 
First Trading Date12/29/2006 
Distance from 52W High-36.4% 
   50 Days200 Days
DMA Price$19.75$23.58
DMA Trenddowndown
Distance from DMA-7.1%-22.2%
 3M1YR
Volatility25.3%24.8%
Downside Capture155.098.45
Upside Capture-56.41-6.94
Correlation (S&P 500)-6.4%-7.2%
SFD Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.340.15-0.18-0.17-0.060.05
Up Beta-1.70-0.37-1.01-0.220.06-0.22
Down Beta0.630.02-0.43-0.56-0.19-0.33
Up Capture-21%-63%-38%-31%-9%2%
Bmk +ve Days6162766132424
Stock +ve Days9152858125214
Down Capture220%222%102%56%8%23%
Bmk -ve Days16263760120328
Stock -ve Days13273668127203

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SFD
SFD-11.8%24.8%-0.55-
Sector ETF (XLP)19.3%15.2%0.9443.4%
Equity (SPY)10.9%12.8%0.52-7.8%
Gold (GLD)-2.0%28.6%-0.083.9%
Commodities (DBC)48.2%20.6%1.79-10.6%
Real Estate (VNQ)10.2%13.7%0.4534.3%
Bitcoin (BTCUSD)-30.3%43.5%-0.71-6.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SFD
SFD0.2%27.8%-0.00-
Sector ETF (XLP)7.3%13.9%0.3043.7%
Equity (SPY)12.2%17.1%0.5317.0%
Gold (GLD)16.2%19.0%0.682.8%
Commodities (DBC)9.2%19.5%0.35-2.4%
Real Estate (VNQ)0.9%18.9%-0.0638.6%
Bitcoin (BTCUSD)4.8%51.6%0.288.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SFD
SFD0.1%27.8%-0.00-
Sector ETF (XLP)8.4%15.0%0.4243.7%
Equity (SPY)15.2%17.9%0.7217.0%
Gold (GLD)11.4%16.5%0.562.8%
Commodities (DBC)8.2%18.1%0.37-2.4%
Real Estate (VNQ)5.3%20.7%0.2138.6%
Bitcoin (BTCUSD)61.7%66.2%1.018.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity5.9 Mil
Short Interest: % Change Since 930202613.7%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest3.1 days
Basic Shares Quantity393.8 Mil
Short % of Basic Shares1.5%

Earnings Returns History

Updated 10/30/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/20260.1%  
8/11/2026-2.3%-6.2%-14.9%
4/28/2026-6.4%-7.4%-5.9%
10/28/20254.8%1.8%0.2%
8/12/2025-2.6%2.4%-3.1%
4/29/20258.8%13.5%16.2%
SUMMARY STATS   
# Positive332
# Negative323
Median Positive4.8%2.4%8.2%
Median Negative-2.6%-6.8%-5.9%
Max Positive8.8%13.5%16.2%
Max Negative-6.4%-7.4%-14.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/20260.1%  
8/11/2026-2.3%-6.2%-14.9%
4/28/2026-6.4%-7.4%-5.9%
10/28/20254.8%1.8%0.2%
8/12/2025-2.6%2.4%-3.1%
4/29/20258.8%13.5%16.2%
SUMMARY STATS   
# Positive332
# Negative323
Median Positive4.8%2.4%8.2%
Median Negative-2.6%-6.8%-5.9%
Max Positive8.8%13.5%16.2%
Max Negative-6.4%-7.4%-14.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/27/202610-Q
06/30/202608/11/202610-Q
03/31/202604/28/202610-Q
12/31/202503/24/202610-K
09/30/202510/28/202510-Q
06/30/202508/12/202510-Q
03/31/202504/29/202510-Q
12/31/202403/25/202510-K
09/30/202401/29/2025424B4
09/30/201610/26/201610-Q
06/30/201608/16/201610-Q
03/31/201604/28/201610-Q
12/31/201503/29/201610-K
09/30/201510/28/201510-Q
06/30/201508/12/201510-Q
03/31/201504/29/201510-Q
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/27/202610-Q
06/30/202608/11/202610-Q
03/31/202604/28/202610-Q
12/31/202503/24/202610-K
09/30/202510/28/202510-Q
06/30/202508/12/202510-Q
03/31/202504/29/202510-Q
12/31/202403/25/202510-K
09/30/202401/29/2025424B4
09/30/201610/26/201610-Q
06/30/201608/16/201610-Q
03/31/201604/28/201610-Q
12/31/201503/29/201610-K
09/30/201510/28/201510-Q
06/30/201508/12/201510-Q
03/31/201504/29/201510-Q
12/31/201403/25/201510-K
09/30/201411/07/201410-Q
06/30/201408/11/201410-Q
03/31/201405/14/201410-Q
12/31/201303/20/201410-KT
07/31/201309/06/201310-Q
04/30/201306/18/201310-K
01/31/201303/08/201310-Q
10/31/201212/06/201210-Q
07/31/201209/06/201210-Q
04/30/201206/18/201210-K
01/31/201203/09/201210-Q

Recent Forward Guidance

Updated 10/28/2026

Latest: Q3 2026 Earnings Reported 10/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Quarterly Dividend Per ShareReported 0.31    
2026 Packaged Meats Segment Adjusted Operating ProfitReported1.09 Bil1.11 Bil1.14 Bil0.2% RaisedGuidance: 1.11 Bil for 2026
2026 Fresh Pork Segment Adjusted Operating Profit (Loss)Reported-50.00 Mil-25.00 Mil0-111.9% LoweredGuidance: 210.00 Mil for 2026
2026 Hog Production Segment Adjusted Operating Profit (Loss)Reported-25.00 Mil025.00 Mil-1 LoweredGuidance: 100.00 Mil for 2026
2026 Adjusted Operating ProfitReported900.00 Mil950.00 Mil1.00 Bil-26.9% LoweredGuidance: 1.30 Bil for 2026
2026 Annual Dividend RateReported 1.25 0 AffirmedGuidance: 1.25 for 2026
2026 Sales GrowthReported      
2026 Effective Tax RateReported22.5%23.5%24.5%  AffirmedGuidance: 23.5% for 2026
2026 Capital ExpendituresReported350.00 Mil362.50 Mil375.00 Mil-9.4% LoweredGuidance: 400.00 Mil for 2026


Prior: Q2 2026 Earnings Reported 8/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Packaged Meats segment adjusted operating profitReported1.07 Bil1.11 Bil1.15 Bil-3.3% LoweredGuidance: 1.15 Bil for 2026
2026 Fresh Pork segment adjusted operating profitReported180.00 Mil210.00 Mil240.00 Mil-8.7% LoweredGuidance: 230.00 Mil for 2026
2026 Hog Production segment adjusted operating profitReported75.00 Mil100.00 Mil125.00 Mil-42.9% LoweredGuidance: 175.00 Mil for 2026
2026 Total Company adjusted operating profitReported1.23 Bil1.30 Bil1.38 Bil-7.1% LoweredGuidance: 1.40 Bil for 2026
2026 Annual dividend rateReported 1.25 0 AffirmedGuidance: 1.25 for 2026
2026 Effective tax rateReported22.5%23.5%24.5% 0AffirmedGuidance: 23.5% for 2026
2026 Capital expendituresReported350.00 Mil400.00 Mil450.00 Mil0 AffirmedGuidance: 400.00 Mil for 2026

Q1 2026 Earnings Reported 4/28/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Packaged Meats Adjusted Operating ProfitReported1.10 Bil1.15 Bil1.20 Bil6.0% RaisedGuidance: 1.08 Bil for 2025
2026 Fresh Pork Adjusted Operating ProfitReported200.00 Mil230.00 Mil260.00 Mil31.4% RaisedGuidance: 175.00 Mil for 2025
2026 Hog Production Adjusted Operating ProfitReported150.00 Mil175.00 Mil200.00 Mil27.3% RaisedGuidance: 137.50 Mil for 2025
2026 Total Company Adjusted Operating ProfitReported1.32 Bil1.40 Bil1.48 Bil9.8% RaisedGuidance: 1.27 Bil for 2025
2026 Annual Dividend RateReported 1.25    
2026 Effective Tax RateReported22.5%23.5%24.5% -0.5%LoweredGuidance: 24.0% for 2025
2026 Capital ExpendituresReported350.00 Mil400.00 Mil450.00 Mil6.7% RaisedGuidance: 375.00 Mil for 2025

Q3 2025 Earnings Reported 10/28/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Packaged Meats segment adjusted operating profitReported1.06 Bil1.08 Bil1.11 Bil-1.4% LoweredGuidance: 1.10 Bil for 2025
2025 Fresh Pork segment adjusted operating profitReported150.00 Mil175.00 Mil200.00 Mil-12.5% LoweredGuidance: 200.00 Mil for 2025
2025 Hog Production segment adjusted operating profitReported125.00 Mil137.50 Mil150.00 Mil175.0% RaisedGuidance: 50.00 Mil for 2025
2025 Total Company adjusted operating profitReported1.23 Bil1.27 Bil1.32 Bil2.0% RaisedGuidance: 1.25 Bil for 2025
2025 Effective Tax RateReported23.0%24.0%25.0% 0.0%AffirmedGuidance: 24.0% for 2025
2025 Capital ExpendituresReported350.00 Mil375.00 Mil400.00 Mil-16.7% LoweredGuidance: 450.00 Mil for 2025

Insider Activity

Updated 6/16/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1France, StevenPresident, Packaged MeatsDirectSell616202626.8282,8252,221,3663,900,406Form
2Starling, Raymond A DirectSell616202626.773,960106,029320,095Form
3Hall, Mark LChief Financial OfficerDirectSell611202626.3678,5792,071,3423,551,351Form
4France, StevenPresident, Packaged MeatsDirectBuy909202523.252,50058,1251,627,500Form
5Hall, Mark LChief Financial OfficerDirectBuy909202523.252,00046,5001,674,000Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1France, StevenPresident, Packaged MeatsDirectSell616202626.8282,8252,221,3663,900,406Form
2Starling, Raymond A DirectSell616202626.773,960106,029320,095Form
3Hall, Mark LChief Financial OfficerDirectSell611202626.3678,5792,071,3423,551,351Form
4France, StevenPresident, Packaged MeatsDirectBuy909202523.252,50058,1251,627,500Form
5Hall, Mark LChief Financial OfficerDirectBuy909202523.252,00046,5001,674,000Form
6Wan, LongDirectBuy909202523.251,800,00041,850,000117,645,000Form
7Watts, Keller DChief Business OfficerDirectBuy909202523.253,83389,1171,740,425Form
8He, Hank ShenghuaDirectBuy909202523.2510,000232,5002,022,750Form
9Sutton, DougChief Manufacturing OfficerDirectBuy909202523.253,92091,1401,602,390Form
10Owens, DonovanPresident, U.S. Fresh PorkDirectBuy909202523.2512,000279,0001,790,250Form
11Wh, Group LtdSee footnoteSell908202523.2522,461,452522,228,7597,952,338,604Form
12Watts, Keller DChief Business OfficerDirectBuy613202523.624,291101,3531,677,587Form

Investor Activity (13F)

Updated Oct 31, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fourth Sail Capital LP$31.2 Mil5.1%25Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fourth Sail Capital LP$31.2 Mil5.1%25Hold13F
Core Cache Last Updated: 10/30/2026