SCompany Does Not Provide H-1B Sponsorship
Smithfield Foods produces and distributes pork and other packaged meats in the United States and around the world. It works by partnering with U.S. farmers to source hogs, processing the meat into a range of brands, and selling to retailers, foodservice, and other customers. The company differentiates itself with a large scale, a broad brand portfolio, and long-standing farming relationships that help ensure steady supply. Its goal is to responsibly meet global demand for quality protein.
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Company Size
10,001+
Company Stage
IPO
Headquarters
Sioux Falls, SD
Founded
1936
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Four Nasdaq-listed companies behind everyday household products pay dividends of very different safety, according to a review of their latest results. Smithfield Foods leads with a 6.09% yield, from a $0.3125 quarterly payout. Coca-Cola Europacific Partners has the strongest coverage. It targets a 50% payout, expects free cash flow of at least €1.7bn, and has raised its second-half dividend every year since 2022. Its yield is 2.05%. Reynolds Consumer Products yields 3.72% on a $0.23 quarterly dividend, well covered but unchanged since 2021. Karat Packaging yields 4.98% but has the shakiest payout. Third-quarter adjusted earnings per share of $0.24 fell short of its $0.47 quarterly dividend.
Pilgrim's Pride highlights a disappointing chicken industry. Vince Martin | November 9, 2026 Were a financial firm looking to vet new candidates, the simple question "How do you value Pilgrim's Pride?" would be an excellent way to find creative thinkers. Certainly, the answer to that question is complex enough to make an interviewee think hard. For one, there's the sheer volatility in the company's earnings. In 2021, Pilgrim's Pride earned 13 cents per share, with operating profits at barely 1.4% of revenue. Three years later, EPS was $4.57, with margins up to 8.4%. After a flat 2025, through the first three quarters of this year profits are down more than 75%. Obviously, those enormous changes in profit are driven by the commodity nature of most of the Pilgrim's Pride business. (In the U.S., over three-quarters of revenue comes from fresh chicken sold to both retail and foodservice.) And the swings have been amplified by post-pandemic volatility in feed costs, fuel expense, supply, and even other commodities, with management calling out historically high beef prices as a potential tailwind for chicken demand. Simply trying to estimate the underlying earnings power of the business is a challenge. But its hypothetical candidate would have even more factors to consider. JBS, the Brazilian meatpacking giant that already owns 82% of Pilgrim's Pride, in August announced a non-binding offer to acquire the rest of outstanding shares. The offer is on an all-stock basis, meaning its value in turn fluctuates with the value of JBS; more than half of the latter company's equity value comes from its operations beyond PPC. Pilgrim's Pride faces a poultry profit squeeze. Meanwhile, Pilgrim's Pride itself isn't sitting idle. It recently acquired Walkers sausage in the United Kingdom for just shy of $200 million as it looks to build out its international business. So far in 2026, more than 30% of sales have come from overseas, split roughly evenly between Mexico and Europe. At home, like rivals including Tyson and Smithfield, PPC is emphasizing its prepared foods business, growing volumes double-digits so far this year ahead of the completion of a new plant in Georgia. It's moving toward branded versus commodity products as well, with its "Just Bare" line a notable success. Even by the standards of a historically unpredictable industry, the number of moving parts makes the path forward for Pilgrim's Pride exceptionally hazy. At least for now, the company seems almost certain to remain independent: moves in both JBS and PPC stock since the acquisition offer make it essentially impossible for the Pilgrim's Pride board to accept the terms. (As of this writing, Pilgrim's Pride shareholders would get JBS stock worth $26.51 per share, while the company trades on the open market just shy of $29.) Whether JBS owns 82% or 100%, however, the underlying business still has major questions, and substantial room for improvement. Earnings this year have fallen because of higher-than-expected supply. In August, the Wall Street Journal highlighted a "chicken glut", with meatpacker profits falling and grocers happily offering promotional prices on fresh chicken breasts. Plunging profit margins in Pilgrim's Pride's third quarter earnings report showed the effects. Chief executive officer Fabio Sandri said on a conference call with analysts that "supply rose faster than demand across retail and food service", and specifically called out lower wholesale pricing as driving the same promotions the Journal had highlighted a few months earlier. Better genetics from the likes of Tyson are part of the story on the supply front, but the core reason seems to be that the chicken industry in the US has simply been overly optimistic. The thesis was that stretched American consumers would trade down from beef to chicken - but it hasn't really happened. Sandri himself said on the call following second quarter earnings in late July that the gap between the two products "I think is the highest it's ever been." Notably, he prefaced that comment by saying, "We've been talking about this for more than a year now." Yet, at least in these categories, the American consumer has been willing to pay up - indeed, pay up more than ever - to keep beef on her plate. Chicken producers are still leaving money behind. Neither PPC nor the industry as a whole has quite figured out either how to fix it or how to model for it. Indeed, this isn't the first time in recent history Pilgrim's Pride and its peers have overproduced in response to expected demand. In early 2023, after his company posted a surprise loss, Sandri noted that aggressive chick placement led prices to plunge because "total protein availability [was] much higher than anticipated." At such a volatile time - and with other matters taking up management resources - the repeated forecasting errors are to some extent understandable. But they are still somewhat of a disappointment, particularly because they arrive at the end of a long-term period in which both Pilgrim's Pride and Tyson have to be viewed as underperforming. Over the last ten years, beef has soared to new highs, demographic changes have improved demand for dark meat, thousands of chicken-focused locations from chains like Raising Cane's and Zaxby's have opened, and the popularity of chicken wings has continued to rise. It has been an exceptionally volatile environment undoubtedly, but on the whole one that overall has seemed relatively favorable for chicken producers. Yet over that stretch, even with dividends Pilgrim's Pride has returned just 76% - total. That's better than Tyson at an almost stunning 14%, but a far cry from the 330% returns investors received for just owning the Standard & Poor's index. (Sanderson Farms shareholders made out well, with the company selling to a joint venture between Cargill and Continental Farms in 2021.) Even granting that the comparison to that tech-driven index is somewhat unfair, it's hard to see absolute returns in the industry as acceptable - or what investors might have expected a decade ago had they been able to predict the dynamics in the market. Yes, those dynamics have been challenging, but at the very least there's still a lot of room for improvement. About the author: Vince Martin is an analyst and author whose work has appeared on multiple financial industry websites for more than a decade; he's currently the lead writer for Wall Street & Main. As of this writing, he owns shares in Tyson Foods.
JunHe warmly welcomes shani Chan and sophie Fu to join its Hong Kong and Beijing offices. November 5, 2026 JunHe warmly welcomes Mr. Shani CHAN and Ms. FU, Wei to the firm's Hong Kong and Beijing offices, respectively. Mr. Shani Chan joins JunHe's Hong Kong office as a partner, and he specializes in Hong Kong capital markets, listings, post-listing compliance, corporate finance, cross-border M&As and regulatory investigations. Ms. Sophie Fu joins JunHe's Beijing office and focuses on Chinese mainland companies' listings in Hong Kong and post-listing continuing compliance. The joining of these two partners further strengthens JunHe's capabilities in cross-border capital markets and cross-border compliance. Ms. Fu's transfer between law firms is currently being processed. Mr. Shani Chan has over 15 years of experience in capital markets. He has been admitted as a solicitor in the High Court of the Hong Kong Special Administrative Region and the High Court of England and Wales. Prior to joining JunHe, Mr. Chan was a senior capital markets lawyer at Paul Hastings' Hong Kong office where he served as the leading counsel for many Hong Kong IPO projects. He previously worked at the Hong Kong office of a Chinese mainland law firm and served as an independent non-executive director of a Hong Kong-listed company. Mr. Chan also founded a consultancy firm, which provided advisory services to various investment consortiums. Over the years, Mr. Chan has accumulated diverse experience ranging from private practice, team management, corporate governance to advising investors for regulatory matters. Mr. Chan provided legal services to issuers, underwriters and investment consortiums in areas including Hong Kong initial public offerings, post-listing compliance, mergers and acquisitions, corporate restructuring and regulatory investigations. His recent landmark listing transactions include the spin-off listing of Smithfield Foods (the world's largest pork food company) by WH Group on the NASDAQ in the United States, the global offering of H shares by Lens Technology (a core supplier to Apple), the global offering of H shares by Fibocom (the first domestic company in the wireless communication module sector to achieve an A+H dual listing) and the global offering of H shares by Transsion (the largest smartphone provider in global emerging markets). Mr. Chan is proficient at providing client-oriented services for complex cross-border capital transactions. He can advise on corporate governance, HKEX compliance and disclosure obligations for Hong Kong-listed companies from the perspectives of both investors and regulatory authorities. FU, Wei | Beijing Office Ms. Sophie Fu has over 10 years of experience in cross-border securities and she has been admitted to practice in China and New York State, USA. Prior to joining JunHe, she worked at Baker McKenzie's Beijing office and its domestic joint operation platform, FenXun Partners. Based in Beijing, Ms. Fu has experience in Chinese mainland companies' listings in Hong Kong and post-listing continuing compliance. She has provided securities compliance legal services to multiple A+H central state-owned enterprises and Hong Kong Main Board-listed companies and is familiar with the internal governance characteristics and the regulatory environment of Chinese mainland enterprises. Ms. Fu is well-versed in the HKEX Listing Rules and handles practical issues arising from the overlay of dual-jurisdiction regulatory regimes. Ms. Fu's practice covers H shares, GDR issuance and listings, corporate governance and ongoing compliance advisory services for Hong Kong-listed companies. She has provided ongoing legal services and HKEX compliance to multiple A+H and Hong Kong Main Board-listed companies, with clients in industries including non-ferrous metals, information technology, logistics and equipment manufacturing. Ms. Fu handles securities legal matters including continuing disclosures, corporate governance and daily compliance, and she has accumulated vast experience in routine compliance services for listed companies. In terms of transactional work, Ms. Fu has participated in Hong Kong Main Board listing projects in industries such as property management and building materials. She has provided Hong Kong securities compliance support for STAR Market (Science and Technology Innovation Board) listing projects in industries such as biopharmaceuticals and equipment manufacturing. Leveraging her practice experience in the Beijing office, Ms. Fu combines the needs of Chinese mainland enterprises to assist clients in handling compliance matters under the regulatory regimes of both Chinese mainland and Hong Kong.
Smithfield Fresh Meats Corp. to pay $245,000 in EEOC pregnancy discrimination suit. RALEIGH, N.C. - Smithfield Fresh Meats Corp., a pork processing company with a location in Tar Heel, North Carolina, will pay $245,000 and provide other relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today.
Smithfield CEO reiterates 'commitment' to billion-dollar project. October 28, 2026 Smithfield Foods remains undaunted in its plan to build a new major pork plant in Sioux Falls, S.D., despite a legal hurdle that arose this month in the local approval process, President and CEO Shane Smith said this week. A South Dakota Circuit Court judge on Oct. 1 ordered the Sioux Falls City Council to reconsider its conditional use permit for Smithfield to build a $1.3 billion facility, citing a failure to comply with minimum requirements of city ordinances. During the company's third-quarter earnings call on Tuesday, Smith described the decision as a "recent setback" in response to a Wall Street analyst's question about the timetable for completing the project in Sioux Falls, where the company is seeking to replace its century-old downtown plant, which employs more than 3,000 people. "It doesn't change our commitment to build the Sioux Falls plant, and we'll update the market timing once those approvals become more clear," Smith said. "But we do plan to reapply for the conditional use permit. And as always, we'll continue to comply with all the regulatory requirements, especially for a project like this, which represents such a major investment." The same judge granted a writ of certiorari to neighboring landowners who sued the city over its decision to relocate Smithfield. She said city officials failed to hold a neighborhood meeting to gain input on how Smithfield would work by various means to buffer adjacent residential homes from the business. The project was announced in February followed by site work that began in the spring, with a planned 2027 groundbreaking to allow operations to start before the end of 2028. With the court-imposed delays, Smith declined to confirm a current schedule "'til we have a little more clarity around the timing." The fresh pork and packaged meats facility, which state authorities have described as the largest business investment in South Dakota history, is to be a 1.1 million-square-foot plant on a 211-acre site in Foundation Park, a heavy industrial development in northwest Sioux Falls. Smithfield's capital expenditures for the first nine months of the 2026 fiscal year were $281 million, including $37 million related to the Sioux Falls project. "The consistent capital investments we have been making are generating solid returns, and we are continuing to invest for the long term," Smith said. "This includes our proposed, groundbreaking, new Sioux Falls processing plant. This plant will be the most modern, efficient, and largest combined fresh pork and packaged meats processing plant in our network and will deliver a step change in operating efficiency." Full-year 2026 capital expenditures excluding the Sioux Falls plant are expected to top $350 million, Smithfield chief financial officer Mark Hall said, "with more than half of our planned capital investments focused on projects designed to support both top and bottom-line growth."
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Sioux Falls, SD
Founded
1936
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs