Robeco Institutional Asset Management B.V. Buys 159,179 Shares of Sanderson Farms, Inc. (SAFM)
Robeco Institutional Asset Management B.V. boosted its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 77.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,262 shares of the company’s stock after purchasing an additional 159,179 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.60% of Sanderson Farms worth $58,837,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SAFM. Advisor Group Inc. increased its holdings in Sanderson Farms by 6.9% in the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after purchasing an additional 62 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Sanderson Farms in the second quarter valued at $125,000. PNC Financial Services Group Inc. increased its holdings in Sanderson Farms by 144.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock valued at $130,000 after purchasing an additional 662 shares during the period. Strs Ohio increased its holdings in Sanderson Farms by 180.0% in the second quarter. Strs Ohio now owns 1,400 shares of the company’s stock valued at $161,000 after purchasing an additional 900 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in Sanderson Farms by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the company’s stock valued at $173,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.
In other news, Director Robert C. Khayat sold 1,775 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $142.31, for a total transaction of $252,600.25. Following the completion of the transaction, the director now directly owns 12,043 shares of the company’s stock, valued at $1,713,839.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Bierbusse sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $138.03, for a total transaction of $86,268.75. Following the transaction, the director now directly owns 14,776 shares of the company’s stock, valued at $2,039,531.28. The disclosure for this sale can be found here. Insiders have sold 5,400 shares of company stock valued at $771,199 over the last three months. 5.66% of the stock is owned by corporate insiders.
Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) traded up 0.11% during midday trading on Monday, hitting $147.93. 54,897 shares of the stock traded hands. The company’s 50-day moving average is $154.90 and its 200 day moving average is $130.30. Sanderson Farms, Inc. has a 52 week low of $74.07 and a 52 week high of $166.65. The firm has a market capitalization of $3.36 billion, a PE ratio of 11.88 and a beta of 0.58.
Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data on Thursday, August 24th. The company reported $5.09 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.62. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm had revenue of $931.90 million during the quarter, compared to analysts’ expectations of $921.40 million. During the same period in the previous year, the company earned $2.42 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. Analysts anticipate that Sanderson Farms, Inc. will post $12.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.87%. This is a boost from Sanderson Farms’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, October 2nd. Sanderson Farms’s payout ratio is presently 10.31%.
A number of research firms recently weighed in on SAFM. Mizuho set a $150.00 price objective on Sanderson Farms and gave the company a “hold” rating in a report on Monday, October 16th. BMO Capital Markets restated a “hold” rating and issued a $150.00 price objective on shares of Sanderson Farms in a report on Friday, October 13th. Zacks Investment Research downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co restated 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. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sanderson Farms currently has an average rating of “Hold” and a consensus target price of $131.27.
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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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