Swiss National Bank raised its position in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,200 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Swiss National Bank owned about 0.15% of Sanderson Farms worth $3,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAFM. Bank of New York Mellon Corp boosted its position in Sanderson Farms by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 316,063 shares of the company’s stock valued at $32,821,000 after acquiring an additional 12,042 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Sanderson Farms by 1.3% during the first quarter. BNP Paribas Arbitrage SA now owns 9,155 shares of the company’s stock valued at $951,000 after acquiring an additional 118 shares during the last quarter. Comerica Bank boosted its position in Sanderson Farms by 4.8% during the first quarter. Comerica Bank now owns 18,942 shares of the company’s stock valued at $2,185,000 after acquiring an additional 867 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Sanderson Farms by 48.4% during the first quarter. UBS Asset Management Americas Inc. now owns 11,484 shares of the company’s stock valued at $1,192,000 after acquiring an additional 3,743 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Sanderson Farms during the first quarter valued at $1,710,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on SAFM shares. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 price target on the stock in a research report on Wednesday, July 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price target on shares of Sanderson Farms in a research report on Tuesday, June 27th. ValuEngine raised shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Sanderson Farms from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Barclays PLC started coverage on shares of Sanderson Farms in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $125.45.

In related news, Director Fred L. Banks, Jr. sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total transaction of $432,330.00. Following the transaction, the director now owns 24,948 shares in the company, valued at $3,595,256.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Bierbusse sold 625 shares of the business’s stock in a transaction dated 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 owns 14,776 shares in the company, valued at approximately $2,039,531.28. The disclosure for this sale can be found here. Insiders have sold 5,400 shares of company stock worth $771,199 in the last quarter. 5.66% of the stock is owned by corporate insiders.

Sanderson Farms, Inc. (NASDAQ:SAFM) opened at 163.82 on Monday. The stock’s 50 day moving average is $144.49 and its 200-day moving average is $121.06. The company has a market cap of $3.73 billion, a PE ratio of 13.15 and a beta of 0.56. Sanderson Farms, Inc. has a 52-week low of $74.07 and a 52-week high of $165.50.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $5.09 earnings per share (EPS) 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 company had revenue of $931.90 million for the quarter, compared to analysts’ expectations of $921.40 million. During the same quarter in the previous year, the company earned $2.42 earnings per share. Sanderson Farms’s quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts predict that Sanderson Farms, Inc. will post $12.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.78%. This is a boost from Sanderson Farms’s previous quarterly dividend of $0.24. Sanderson Farms’s payout ratio is currently 7.74%.

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

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