Sanderson Farms, Inc. (NASDAQ:SAFM) Shares Sold by Teachers Advisors LLC
Teachers Advisors LLC decreased its stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,594 shares of the company’s stock after selling 147 shares during the period. Teachers Advisors LLC’s holdings in Sanderson Farms were worth $3,592,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Sanderson Farms during the first quarter valued at about $179,000. Affinity Investment Advisors LLC purchased a new stake in Sanderson Farms during the first quarter valued at about $209,000. Everence Capital Management Inc. purchased a new stake in Sanderson Farms during the first quarter valued at about $210,000. Parkwood LLC purchased a new stake in Sanderson Farms during the first quarter valued at about $226,000. Finally, State of Alaska Department of Revenue raised its stake in 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 valued at $229,000 after buying an additional 60 shares in the last quarter.
Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) opened at 137.92 on Thursday. The firm has a 50-day moving average price of $122.62 and a 200 day moving average price of $109.90. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.16 and a beta of 0.62. Sanderson Farms, Inc. has a 12 month low of $74.07 and a 12 month high of $137.97.
Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, May 25th. The company reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.72 by $0.22. The business had revenue of $802 million during the quarter, compared to the consensus estimate of $769.47 million. Sanderson Farms had a return on equity of 18.30% and a net margin of 7.34%. Sanderson Farms’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS. On average, analysts anticipate that Sanderson Farms, Inc. will post $10.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.70%. Sanderson Farms’s dividend payout ratio (DPR) is presently 9.86%.
Several equities research analysts recently issued reports on the company. BidaskClub raised Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “sell” rating and set a $85.00 price target on shares of Sanderson Farms in a research report on Friday, June 9th. Zacks Investment Research raised Sanderson Farms from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research report on Thursday, July 27th. Mizuho assumed coverage on Sanderson Farms in a research report on Wednesday, June 7th. They set a “buy” rating and a $142.00 price target on the stock. Finally, ValuEngine raised Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $119.44.
In related news, Director Dianne Mooney sold 1,103 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $117.69, for a total transaction of $129,812.07. Following the completion of the transaction, the director now owns 13,072 shares in the company, valued at approximately $1,538,443.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phil K. Livingston sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $121.50, for a total value of $60,750.00. Following the transaction, the director now owns 9,673 shares of the company’s stock, valued at approximately $1,175,269.50. The disclosure for this sale can be found here. 5.66% of the stock is owned by company insiders.
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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