Westbourne Investment Advisors Inc. Has $784,000 Stake in Sanderson Farms, Inc. (SAFM)

Westbourne Investment Advisors Inc. grew its stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,950 shares of the company’s stock after buying an additional 595 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Sanderson Farms were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SAFM. Virtu Financial LLC bought a new position in shares of Sanderson Farms during the 1st quarter valued at approximately $539,000. We Are One Seven LLC lifted its holdings in shares of Sanderson Farms by 8.5% in the 1st quarter. We Are One Seven LLC now owns 3,192 shares of the company’s stock worth $420,000 after buying an additional 250 shares during the period. Deutsche Bank AG lifted its holdings in shares of Sanderson Farms by 110.5% in the 4th quarter. Deutsche Bank AG now owns 261,489 shares of the company’s stock worth $25,960,000 after buying an additional 137,259 shares during the period. Occidental Asset Management LLC lifted its holdings in shares of Sanderson Farms by 8.1% in the 4th quarter. Occidental Asset Management LLC now owns 3,540 shares of the company’s stock worth $351,000 after buying an additional 264 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Sanderson Farms by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 236,930 shares of the company’s stock worth $23,524,000 after buying an additional 18,291 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

SAFM has been the subject of several research reports. Barclays lowered their target price on Sanderson Farms from $110.00 to $105.00 and set an “equal weight” rating for the company in a report on Tuesday, December 18th. Jefferies Financial Group reiterated a “sell” rating and issued a $77.00 price target on shares of Sanderson Farms in a research note on Wednesday, December 19th. ValuEngine lowered Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. BidaskClub raised Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 12th. Finally, Mizuho raised Sanderson Farms from a “neutral” rating to a “buy” rating and increased their price objective for the company from $101.00 to $130.00 in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Sanderson Farms presently has a consensus rating of “Hold” and an average price target of $116.25.

In other news, Director John Bierbusse sold 677 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $113.94, for a total value of $77,137.38. Following the transaction, the director now owns 12,675 shares in the company, valued at $1,444,189.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lampkin Butts sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $127.82, for a total value of $1,278,200.00. Following the completion of the transaction, the insider now owns 121,611 shares in the company, valued at approximately $15,544,318.02. The disclosure for this sale can be found here. 5.55% of the stock is currently owned by company insiders.

Sanderson Farms stock traded down $0.24 during midday trading on Monday, hitting $139.26. 14,769 shares of the company were exchanged, compared to its average volume of 354,913. The company has a quick ratio of 1.48, a current ratio of 2.82 and a debt-to-equity ratio of 0.04. Sanderson Farms, Inc. has a fifty-two week low of $93.98 and a fifty-two week high of $139.88. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 46.30 and a beta of 0.78.

Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Tuesday, February 26th. The company reported ($0.82) EPS for the quarter, beating the consensus estimate of ($1.82) by $1.00. Sanderson Farms had a negative return on equity of 0.04% and a negative net margin of 0.24%. The company had revenue of $743.40 million for the quarter, compared to analyst estimates of $705.25 million. During the same period last year, the company earned $2.24 earnings per share. Sanderson Farms’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts expect that Sanderson Farms, Inc. will post 2.6 EPS for the current year.

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Sanderson Farms Company Profile

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

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Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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