Robeco Institutional Asset Management B.V. acquired a new stake in Sanderson Farms, Inc. (NASDAQ:SAFM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,465 shares of the company’s stock, valued at approximately $7,027,000. Robeco Institutional Asset Management B.V. owned about 0.23% of Sanderson Farms as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC acquired a new position in Sanderson Farms in the first quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in Sanderson Farms in the first quarter valued at approximately $30,000. Advisor Group Inc. boosted its stake in Sanderson Farms by 33.0% in the fourth quarter. Advisor Group Inc. now owns 874 shares of the company’s stock valued at $86,000 after acquiring an additional 217 shares during the period. Strs Ohio boosted its stake in Sanderson Farms by 166.7% in the first quarter. Strs Ohio now owns 800 shares of the company’s stock valued at $105,000 after acquiring an additional 500 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in Sanderson Farms in the first quarter valued at approximately $171,000. 99.52% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on SAFM shares. BidaskClub downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th. TheStreet upgraded Sanderson Farms from a “c+” rating to a “b” rating in a research report on Friday, June 7th. Buckingham Research boosted their price objective on Sanderson Farms from $115.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cleveland Research upgraded Sanderson Farms from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 22nd. Finally, Barclays set a $145.00 price objective on Sanderson Farms and gave the stock a “hold” rating in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Sanderson Farms presently has an average rating of “Hold” and a consensus target price of $124.13.
Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, May 30th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.06. The firm had revenue of $845.23 million during the quarter, compared to the consensus estimate of $846.70 million. Sanderson Farms had a negative return on equity of 0.13% and a negative net margin of 0.28%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, equities research analysts predict that Sanderson Farms, Inc. will post 6.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 30th will be issued a $0.32 dividend. The ex-dividend date is Monday, July 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. Sanderson Farms’s dividend payout ratio is currently 42.38%.
About Sanderson Farms
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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