Parametrica Management Ltd bought a new stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,054 shares of the company’s stock, valued at approximately $816,000. Sanderson Farms accounts for 0.3% of Parametrica Management Ltd’s holdings, making the stock its 27th biggest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new stake in Sanderson Farms during the third quarter valued at approximately $953,000. Aull & Monroe Investment Management Corp bought a new stake in Sanderson Farms during the third quarter valued at approximately $363,000. Regentatlantic Capital LLC grew its position in Sanderson Farms by 19.3% during the third quarter. Regentatlantic Capital LLC now owns 13,200 shares of the company’s stock valued at $2,132,000 after buying an additional 2,135 shares during the period. First Midwest Bank Trust Division bought a new stake in Sanderson Farms during the third quarter valued at approximately $1,121,000. Finally, Aperio Group LLC grew its position in Sanderson Farms by 28.6% during the third quarter. Aperio Group LLC now owns 22,899 shares of the company’s stock valued at $3,699,000 after buying an additional 5,091 shares during the period. Institutional investors own 99.95% of the company’s stock.
Sanderson Farms, Inc. (SAFM) traded up 1.96% during trading on Tuesday, hitting $148.45. 125,666 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $154.07 and its 200 day moving average price is $132.43. Sanderson Farms, Inc. has a 12-month low of $74.07 and a 12-month high of $166.65. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 11.92 and a beta of 0.57.
Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.62. The business had revenue of $931.90 million for the quarter, compared to analysts’ expectations of $921.40 million. Sanderson Farms had a net margin of 12.43% and a return on equity of 34.24%. The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $2.42 EPS. Equities analysts forecast that Sanderson Farms, Inc. will post $12.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd were paid a dividend of $0.32 per share. This is a boost from Sanderson Farms’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, October 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.88%. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.31%.
SAFM has been the subject of several recent research reports. BidaskClub upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Thursday, July 27th. Stephens restated an “equal weight” rating and set a $170.00 target price (up from $145.00) on shares of Sanderson Farms in a research report on Monday, September 25th. Barclays PLC set a $136.00 target price on shares of Sanderson Farms and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $150.00 target price on shares of Sanderson Farms in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $131.27.
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In related news, Director John Bierbusse sold 625 shares of Sanderson Farms stock in a transaction on Friday, August 25th. The shares were sold at an average price of $138.03, for a total value of $86,268.75. Following the sale, the director now owns 14,776 shares of the company’s stock, valued at approximately $2,039,531.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total transaction of $432,330.00. Following the completion of the sale, the director now directly owns 24,948 shares in the company, valued at approximately $3,595,256.28. The disclosure for this sale can be found here. Insiders have sold a total of 5,400 shares of company stock worth $771,199 in the last ninety days. Corporate insiders own 5.66% of the company’s stock.
Sanderson Farms 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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