Axa grew its holdings in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 1,609.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,362 shares of the company’s stock after purchasing an additional 60,597 shares during the period. Axa owned 0.28% of Sanderson Farms worth $8,933,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Saturna Capital CORP acquired a new stake in shares of Sanderson Farms in the 3rd quarter worth about $226,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Sanderson Farms in the 3rd quarter worth about $234,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Sanderson Farms in the 4th quarter worth about $257,000. Virtu Financial LLC acquired a new stake in shares of Sanderson Farms in the 4th quarter worth about $260,000. Finally, Foster & Motley Inc. increased its holdings in shares of Sanderson Farms by 49.5% in the 4th quarter. Foster & Motley Inc. now owns 1,968 shares of the company’s stock worth $273,000 after acquiring an additional 652 shares during the period.
In other news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Bierbusse sold 750 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $120.38, for a total transaction of $90,285.00. Following the transaction, the director now owns 12,944 shares of the company’s stock, valued at approximately $1,558,198.72. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.71). The company had revenue of $771.90 million during the quarter, compared to the consensus estimate of $764.22 million. Sanderson Farms had a net margin of 8.96% and a return on equity of 19.30%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. sell-side analysts expect that Sanderson Farms, Inc. will post 9.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th were given a $0.32 dividend. The ex-dividend date was Monday, January 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. Sanderson Farms’s dividend payout ratio is presently 10.82%.
A number of analysts recently weighed in on SAFM shares. BidaskClub raised shares of Sanderson Farms from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Vertical Group raised shares of Sanderson Farms from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Barclays reaffirmed an “equal weight” rating and issued a $150.00 price objective (up previously from $136.00) on shares of Sanderson Farms in a report on Thursday, December 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $140.00 price objective on shares of Sanderson Farms in a report on Monday, December 18th. Finally, Zacks Investment Research raised shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $129.18.
Sanderson Farms Company 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.
Receive News & Ratings for Sanderson Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms and related companies with MarketBeat.com's FREE daily email newsletter.