Insider Selling: Smithfield Foods, Inc (NASDAQ:SFD) Major Shareholder Sells 2,506,936 Shares of Stock

Smithfield Foods, Inc (NASDAQ:SFD) major shareholder Group Ltd/Adr Wh sold 2,506,936 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $20.00, for a total transaction of $50,138,720.00. Following the sale, the insider now directly owns 364,518,817 shares of the company’s stock, valued at $7,290,376,340. This represents a 0.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Ltd/Adr Wh also recently made the following trade(s):

• On Wednesday, January 29th, Group Ltd/Adr Wh sold 13,043,479 shares of Smithfield Foods stock. The stock was sold at an average price of $20.00, for a total transaction of $260,869,580.00.

Smithfield Foods Trading Down 0.9 %

SFD opened at $21.10 on Friday. Smithfield Foods, Inc has a twelve month low of $19.10 and a twelve month 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.