SAFM has been the topic of a number of other research reports. BidaskClub upgraded shares of Sanderson Farms from a hold rating to a buy rating in a report on Saturday, March 9th. Buckingham Research set a $115.00 price objective on shares of Sanderson Farms and gave the company a hold rating in a research report on Tuesday, March 5th. BMO Capital Markets increased their price objective on shares of Sanderson Farms from $95.00 to $115.00 and gave the company a market perform rating in a research report on Wednesday, February 27th. Jefferies Financial Group set a $77.00 price objective on shares of Sanderson Farms and gave the company a sell rating in a research report on Tuesday, February 26th. Finally, Stephens started coverage on shares of Sanderson Farms in a research report on Monday, March 4th. They set an equal weight rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Sanderson Farms has an average rating of Hold and an average price target of $117.89.
SAFM traded up $4.03 during midday trading on Friday, reaching $151.97. The company’s stock had a trading volume of 350,981 shares, compared to its average volume of 465,429. The stock has a market cap of $3.37 billion, a PE ratio of 50.32 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 2.82. Sanderson Farms has a 1 year low of $93.98 and a 1 year high of $152.28.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, May 6th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. Sanderson Farms’s payout ratio is 42.38%.
In related news, insider Lampkin Butts sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $127.82, for a total transaction of $1,278,200.00. Following the completion of the transaction, the insider now directly owns 121,611 shares of the company’s stock, valued at $15,544,318.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Bierbusse sold 677 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $113.94, for a total transaction of $77,137.38. Following the transaction, the director now directly owns 12,675 shares of the company’s stock, valued at $1,444,189.50. The disclosure for this sale can be found here. 5.55% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SAFM. Norges Bank purchased a new position in shares of Sanderson Farms in the 4th quarter worth $34,883,000. Dimensional Fund Advisors LP grew its stake in shares of Sanderson Farms by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,693,590 shares of the company’s stock worth $168,157,000 after buying an additional 186,527 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Sanderson Farms by 22.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 752,400 shares of the company’s stock worth $74,705,000 after buying an additional 137,978 shares in the last quarter. Deutsche Bank AG grew its stake 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 in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Sanderson Farms in the 3rd quarter worth $13,606,000. 99.52% of the stock is owned by institutional investors.
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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