Luminus Management LLC purchased a new position in Sanderson Farms, Inc. (NASDAQ:SAFM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $2,776,000. Luminus Management LLC owned approximately 0.09% of Sanderson Farms as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Sanderson Farms by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 173,971 shares of the company’s stock worth $28,100,000 after purchasing an additional 10,829 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Sanderson Farms by 8.0% during the third quarter. Macquarie Group Ltd. now owns 18,800 shares of the company’s stock worth $3,036,000 after purchasing an additional 1,400 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Sanderson Farms by 1.2% during the fourth quarter. Victory Capital Management Inc. now owns 212,000 shares of the company’s stock worth $29,421,000 after purchasing an additional 2,458 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Sanderson Farms during the third quarter worth about $472,000. Finally, Russell Investments Group Ltd. grew its position in shares of Sanderson Farms by 17.4% during the third quarter. Russell Investments Group Ltd. now owns 335,315 shares of the company’s stock worth $54,160,000 after purchasing an additional 49,802 shares in the last quarter.
Several analysts recently issued reports on SAFM shares. Zacks Investment Research upgraded Sanderson Farms from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 7th. Buckingham Research started coverage on Sanderson Farms in a research report on Wednesday, February 21st. They set a “neutral” rating and a $122.00 target price for the company. JPMorgan Chase & Co. cut their target price on Sanderson Farms to $110.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd. BidaskClub upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $140.00 target price on shares of Sanderson Farms in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Sanderson Farms presently has a consensus rating of “Hold” and a consensus target price of $129.18.
Sanderson Farms, Inc. (SAFM) opened at $122.43 on Wednesday. Sanderson Farms, Inc. has a one year low of $92.37 and a one year high of $176.43. The company has a market capitalization of $2,788.48, a P/E ratio of 10.32 and a beta of 0.49.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.71). Sanderson Farms had a net margin of 8.96% and a return on equity of 19.30%. The firm had revenue of $771.90 million for the quarter, compared to the consensus estimate of $764.22 million. During the same period in the previous year, the company posted $1.02 earnings per share. Sanderson Farms’s quarterly revenue was up 12.1% on a year-over-year basis. equities analysts anticipate that Sanderson Farms, Inc. will post 9.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Monday, January 29th. Sanderson Farms’s payout ratio is presently 9.50%.
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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.
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