Shares of Sanderson Farms Inc. (NASDAQ:SAFM) saw strong trading volume on Wednesday . 280,756 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 298,422 shares.The stock last traded at $95.26 and had previously closed at $96.12.

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut Sanderson Farms from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $96.00 to $95.00 in a research note on Friday, May 27th. They noted that the move was a valuation call. Zacks Investment Research cut Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sanderson Farms has an average rating of “Hold” and a consensus price target of $81.71.

The firm has a market capitalization of $2.15 billion and a PE ratio of 15.66. The stock’s 50-day moving average is $89.17 and its 200-day moving average is $88.34.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.92%.

A hedge fund recently raised its stake in Sanderson Farms stock. US Bancorp DE boosted its stake in shares of Sanderson Farms Inc. (NASDAQ:SAFM) by 95.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,376 shares of the company’s stock after buying an additional 7,006 shares during the period. US Bancorp DE owned 0.06% of Sanderson Farms worth $1,115,000 as of its most recent SEC filing.

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 the preparation, processing, marketing and distribution of processed and prepared chicken items. The Company sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to customers reselling frozen chicken into export markets.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.