15,680 Shares in Sanderson Farms, Inc. (NASDAQ:SAFM) Acquired by Dean Capital Management

Dean Capital Management acquired a new stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,680 shares of the company’s stock, valued at approximately $1,649,000. Dean Capital Management owned about 0.07% of Sanderson Farms at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SAFM. BlackRock Inc. raised its stake in Sanderson Farms by 3.3% in the 2nd quarter. BlackRock Inc. now owns 2,316,791 shares of the company’s stock worth $243,611,000 after acquiring an additional 73,461 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Sanderson Farms by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,477 shares of the company’s stock worth $151,886,000 after acquiring an additional 56,871 shares during the last quarter. Nuance Investments LLC raised its stake in Sanderson Farms by 130.0% in the 2nd quarter. Nuance Investments LLC now owns 781,526 shares of the company’s stock worth $82,177,000 after acquiring an additional 441,770 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sanderson Farms by 219.0% in the 2nd quarter. Victory Capital Management Inc. now owns 685,358 shares of the company’s stock worth $72,065,000 after acquiring an additional 470,518 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Sanderson Farms by 118.7% in the 2nd quarter. Millennium Management LLC now owns 478,423 shares of the company’s stock worth $50,306,000 after acquiring an additional 259,635 shares during the last quarter.

In other news, Director John Bierbusse sold 875 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $109.94, for a total transaction of $96,197.50. Following the sale, the director now directly owns 12,086 shares in the company, valued at approximately $1,328,734.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Phil K. Livingston sold 500 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $107.14, for a total value of $53,570.00. Following the sale, the director now owns 9,682 shares in the company, valued at $1,037,329.48. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Shares of SAFM opened at $104.42 on Tuesday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 8.49 and a beta of 0.29. Sanderson Farms, Inc. has a fifty-two week low of $95.97 and a fifty-two week high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.17). The company had revenue of $852.40 million for the quarter, compared to analyst estimates of $871.06 million. Sanderson Farms had a return on equity of 9.41% and a net margin of 5.29%. Sanderson Farms’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.09 earnings per share. Equities analysts anticipate that Sanderson Farms, Inc. will post 2.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Tuesday, October 2nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, October 1st. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.41%.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Sanderson Farms from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. BidaskClub upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Stephens upgraded Sanderson Farms from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, August 24th. TheStreet lowered Sanderson Farms from a “b” rating to a “c+” rating in a research note on Wednesday, August 29th. Finally, Mizuho set a $105.00 price target on Sanderson Farms and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Sanderson Farms has a consensus rating of “Hold” and a consensus target price of $104.80.

Sanderson Farms 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 pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form 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 in the export markets.

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

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