Hancock Whitney Corp cut its holdings in Sanderson Farms, Inc. (NASDAQ:SAFM) by 88.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,422 shares of the company’s stock after selling 57,820 shares during the period. Hancock Whitney Corp’s holdings in Sanderson Farms were worth $979,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SAFM. Norges Bank bought a new position in shares of Sanderson Farms in the fourth quarter worth about $34,883,000. Dimensional Fund Advisors LP increased its stake in shares of Sanderson Farms by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,693,590 shares of the company’s stock worth $168,157,000 after purchasing an additional 186,527 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Sanderson Farms by 22.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 752,400 shares of the company’s stock worth $74,705,000 after purchasing an additional 137,978 shares during the period. Deutsche Bank AG increased its stake in shares of Sanderson Farms by 110.5% in the fourth quarter. Deutsche Bank AG now owns 261,489 shares of the company’s stock worth $25,960,000 after purchasing an additional 137,259 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Sanderson Farms by 98.8% in the fourth quarter. Millennium Management LLC now owns 250,761 shares of the company’s stock worth $24,898,000 after purchasing an additional 124,645 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

SAFM stock opened at $144.23 on Friday. Sanderson Farms, Inc. has a twelve month low of $93.98 and a twelve month high of $154.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.42 and a quick ratio of 1.72.

Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, May 30th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.06. Sanderson Farms had a negative return on equity of 0.13% and a negative net margin of 0.28%. The business had revenue of $845.23 million for the quarter, compared to the consensus estimate of $846.70 million. During the same period last year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts forecast that Sanderson Farms, Inc. will post 6.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Monday, May 6th. Sanderson Farms’s payout ratio is 42.38%.

SAFM has been the topic of a number of recent analyst reports. TheStreet upgraded Sanderson Farms from a “c+” rating to a “b” rating in a research note on Friday, June 7th. BidaskClub raised Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Cleveland Research raised Sanderson Farms from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 22nd. Stephens began coverage on Sanderson Farms in a research report on Monday, March 4th. They set an “equal weight” rating and a $130.00 target price on the stock. Finally, Buckingham Research set a $115.00 target price on Sanderson Farms and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $124.13.

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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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