Deprince Race & Zollo Inc. Trims Stock Holdings in Sanderson Farms, Inc. (NASDAQ:SAFM)

Deprince Race & Zollo Inc. reduced its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 72.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,176 shares of the company’s stock after selling 116,922 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.20% of Sanderson Farms worth $6,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Sanderson Farms by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 236,930 shares of the company’s stock valued at $23,524,000 after acquiring an additional 18,291 shares in the last quarter. Strs Ohio grew its position in shares of Sanderson Farms by 166.7% during the first quarter. Strs Ohio now owns 800 shares of the company’s stock worth $105,000 after buying an additional 500 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Sanderson Farms during the first quarter worth about $26,000. Quantamental Technologies LLC acquired a new position in shares of Sanderson Farms during the first quarter worth about $30,000. Finally, Dupont Capital Management Corp acquired a new position in shares of Sanderson Farms during the first quarter worth about $171,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Shares of SAFM stock opened at $146.01 on Thursday. The business’s fifty day moving average price is $142.11 and its 200 day moving average price is $138.17. Sanderson Farms, Inc. has a 1-year low of $93.98 and a 1-year high of $158.32. The firm has a market capitalization of $3.20 billion, a PE ratio of 48.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.94 and a quick ratio of 1.41.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, August 29th. The company reported $2.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.43). Sanderson Farms had a return on equity of 2.86% and a net margin of 0.99%. The business had revenue of $945.10 million for the quarter, compared to analyst estimates of $970.10 million. During the same period in the prior year, the company earned $0.50 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities research analysts expect that Sanderson Farms, Inc. will post 5.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 30th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, July 29th. Sanderson Farms’s dividend payout ratio is presently 42.38%.

A number of equities analysts have recently commented on the company. TheStreet raised Sanderson Farms from a “c+” rating to a “b” rating in a research report on Friday, June 7th. Zacks Investment Research raised Sanderson Farms from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Tuesday, August 6th. Cleveland Research raised Sanderson Farms from a “neutral” rating to a “buy” rating in a report on Wednesday, May 22nd. BidaskClub downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $126.00.

In related news, Director Phil K. Livingston sold 500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $153.86, for a total transaction of $76,930.00. Following the transaction, the director now owns 10,366 shares of the company’s stock, valued at $1,594,912.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.55% of the company’s stock.

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

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