WH Group (10% owner) sells 22,461,452 shares of Smithfield Foods for $522.2M; retains 342,036,069 shares
WH Group executed a substantial sale of 22,461,452 shares at $23.25 per share, reducing its holding from 364,497,521 shares to 342,036,069 shares (-6.2% of prior position). The sale occurred as Smithfield trades -9.4% from its 52-week high of $25.94, and the company reports annual revenue decline of -3.4% against modest profitability (P/E of 10.17 on $188.0M net income from $3.8B quarterly revenue). This represents a significant but not total reduction in the 10% owner's stake, keeping WH Group as a major shareholder while moderating its concentrated exposure to the meat processor. The timing aligns with the stock trading well below year-to-date peaks, though the company's low valuation multiple and continued quarterly profitability suggest the holding remains strategically retained at substantial levels.