|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||17.49 - 17.73|
|52-week range||15.29 - 19.79|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||15.74|
|Forward dividend & yield||0.45 (2.52%)|
|Ex-dividend date||03 Jun 2021|
|1y target est||N/A|
COVID-19 vaccines are making their way into the arms of U.S. meat and agriculture workers, but companies and union officials say progress needs to be faster after coronavirus outbreaks idled slaughterhouses and sickened thousands of workers. Vaccinating food workers could help prevent further production disruptions that sent meat prices soaring in spring 2020 and forced retailers like Kroger Co to restrict customers' purchases of ground beef and other products. Nationwide, 22,000 meatpacking workers have been infected or exposed to the virus, and 132 have died, according to the United Food and Commercial Workers (UFCW) International union.
Smithfield Foods, the world's biggest pork processor, and a subcontractor face fines of more than $100,000 from California's workplace safety regulator for failing to protect employees from COVID-19 and other violations during the pandemic. The penalties increase pressure on Chinese-owned Smithfield over U.S. working conditions during the health crisis, after federal regulators hit the meatpacker and others with smaller fines. California's regulator, known as Cal/OSHA, issued "the largest citation at a meatpacking plant nationwide" to Smithfield's Farmer John plant in Vernon, California, according to the United Food and Commercial Workers International Union, which represents meatpacking workers.
The company, owned by China's WH Group Ltd <0288.HK>, also said Dennis Organ, chief operating officer of its U.S. operations, would replace Sullivan as the CEO and president. Organ joined Smithfield in 2010 and has been in his current role since 2019. The first four years of Sullivan's tenure marked the highest profit periods in the company's history, Smithfield said, before the COVID-19 pandemic hurt its business due in part to coronavirus outbreaks at some of its plants.