James Investment Research Inc. lifted its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 19.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 206,713 shares of the company’s stock after purchasing an additional 33,518 shares during the quarter. Sanderson Farms accounts for approximately 1.0% of James Investment Research Inc.’s holdings, making the stock its 23rd biggest holding. James Investment Research Inc. owned approximately 0.91% of Sanderson Farms worth $28,688,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Sanderson Farms by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after acquiring an additional 62 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Sanderson Farms by 144.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock worth $130,000 after purchasing an additional 662 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Sanderson Farms by 49.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the company’s stock worth $173,000 after acquiring an additional 499 shares in the last quarter. World Asset Management Inc bought a new position in shares of Sanderson Farms during the 3rd quarter worth approximately $207,000. Finally, Foster & Motley Inc. bought a new position in shares of Sanderson Farms during the 3rd quarter worth approximately $213,000.
In other news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.30% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on SAFM. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, October 17th. BidaskClub downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Barclays reaffirmed an “equal weight” rating and set a $150.00 price target (up previously from $136.00) on shares of Sanderson Farms in a report on Thursday, December 14th. Morgan Stanley started coverage on Sanderson Farms in a report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price target for the company. Finally, BMO Capital Markets reissued a “hold” rating and set a $140.00 target price on shares of Sanderson Farms in a report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $137.80.
Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) traded up $3.47 during mid-day trading on Wednesday, hitting $131.16. The stock had a trading volume of 312,017 shares, compared to its average volume of 520,313. The firm has a market capitalization of $2,910.00, a price-to-earnings ratio of 10.66 and a beta of 0.47. Sanderson Farms, Inc. has a 12-month low of $89.75 and a 12-month high of $176.43.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The company had revenue of $919.90 million during the quarter, compared to analyst estimates of $916.07 million. During the same period in the prior year, the firm earned $3.36 earnings per share. Sanderson Farms’s revenue was up 16.3% compared to the same quarter last year. sell-side analysts forecast that Sanderson Farms, Inc. will post 9.9 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 30th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, January 29th. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.41%.
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Sanderson Farms Company Profile
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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