Smithfield Foods (NASDAQ: SFD) is among them 11 high-growth consumer stocks that are worth buying right now.
On February 16, 2026, Smithfield Foods Corporation (NASDAQ: SFD) announced that it has initiated the approval process to build a new state-of-the-art packaged meat and fresh pork processing plant in Sioux Falls, South Dakota. The proposed facility will be constructed at Foundation Park, a more than 1,000-acre heavy industrial park in northwest Sioux Falls, subject to permits and other regulatory and design approvals, and will replace the company’s existing facility. Smithfield currently employs 3,200 people in Sioux Falls, pays approximately $200 million in annual wages and supports thousands of indirect jobs in agriculture and related industries.
On January 21, 2026, Smithfield Foods entered into a definitive merger agreement with Nathan’s Famous (NATH), under which Smithfield will acquire all outstanding shares of Nathan’s Famous for $102.00 per share in cash, representing an enterprise value of approximately $450 million. The transaction values Nathan at approximately 12.4 times LTM’s adjusted EBITDA and approximately 10.0 times after synergy. Smithfield expects to realize approximately $9 million in annual cost synergies by the second anniversary of the transaction, and the acquisition is expected to be immediately accretive to Smithfield’s adjusted diluted earnings per share from continuing operations. The transaction will be funded with existing cash, is not subject to financing contingencies, and is expected to close in the first half of 2026, subject to shareholder approval, regulatory approvals, including Hart-Scott-Rodino and CFIUS, and other customary conditions. The agreement allows Nathan’s Famous to declare and pay two regular quarterly cash dividends prior to closing.
Smithfield Foods, Inc. (Nasdaq: SFD), through its Packaged Meats segment, produces packaged meats and fresh pork in the United States and internationally, serving retail and foodservice customers.
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