Sanderson Farms, Inc. (NASDAQ:SAFM) Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total value of $432,330.00. Following the completion of the sale, the director now owns 24,948 shares of the company’s stock, valued at $3,595,256.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Sanderson Farms, Inc. (NASDAQ SAFM) opened at 151.55 on Friday. Sanderson Farms, Inc. has a 1-year low of $74.07 and a 1-year high of $151.64. The company has a market capitalization of $3.45 billion, a P/E ratio of 12.17 and a beta of 0.62. The firm’s 50 day moving average price is $134.21 and its 200-day moving average price is $116.00.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, August 24th. The company reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $1.62. The business had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. Sanderson Farms had a return on equity of 22.21% and a net margin of 8.77%. The company’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.42 earnings per share. Analysts expect that Sanderson Farms, Inc. will post $12.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, July 28th. Sanderson Farms’s dividend payout ratio is presently 7.74%.

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Several research firms recently commented on SAFM. ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Friday. Mizuho began coverage on Sanderson Farms in a report on Wednesday, June 7th. They issued a “buy” rating and a $142.00 price objective for the company. Zacks Investment Research downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $129.00 price objective (up from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.45.

Several hedge funds and other institutional investors have recently made changes to their positions in SAFM. Amalgamated Bank raised its position in shares of Sanderson Farms by 1.4% in the second quarter. Amalgamated Bank now owns 2,748 shares of the company’s stock worth $318,000 after buying an additional 39 shares in the last quarter. 1st Global Advisors Inc. raised its position in shares of Sanderson Farms by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 3,007 shares of the company’s stock worth $312,000 after buying an additional 42 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Sanderson Farms by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,210 shares of the company’s stock worth $229,000 after buying an additional 60 shares in the last quarter. Advisor Group Inc. raised its position in shares of Sanderson Farms by 6.9% in the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $112,000 after buying an additional 62 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Sanderson Farms by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,640 shares of the company’s stock worth $793,000 after buying an additional 70 shares in the last quarter. 99.99% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Sanderson Farms (NASDAQ:SAFM)

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