This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Food Stocks to Whet Investor Appetite

3. Smithfield Foods (SFD), along with subsidiaries, produces and markets a range of fresh meat and packaged meat products in the domestic and international markets.

Smithfield Foods maintains a positive outlook for fiscal year 2011 and expects to report $5.22 billion revenue with $1.66 earnings per share. For the fourth quarter 2011, analysts polled by Bloomberg estimate earnings per share to come in at 71 cents as compared to 18 cents recorded in the year ago period. Meanwhile, revenue is forecasted at $3.1 billion as compared to $2.9 billion in the year-ago quarter.

Going forward, the company plans to increase its stake in the Spanish firm Compofrio Food Group from the existing 37% to 50% of $715 million. The acquisition would give Smithfield a controlling stake in the Compofrio Group, which recorded total revenue of $2.6 billion in 2010, secure its position as a leading global packaged meats company, and drive sales through innovation and marketing of value-added products.

The company recently sold its Dalhart hog production facility for $33 million, in a bid to shed non-core assets and reduce its exposure to the commodity business.

Of the 17 analysts covering the stock, 59% a hold, whereas the rest rate a buy on it. The stock has no sell ratings. Analysts polled by Bloomberg expect the stock to gain 17.6% upside to $26 in value from current levels.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DOLE $0.00 0.00%
SFD $0.00 0.00%
CQB $14.49 0.00%
TSN $39.03 0.00%
AAPL $124.75 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs