Sanderson Farms, Inc. (SAFM) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC increased its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 196.2% during the third quarter, Holdings Channel reports. The firm owned 7,339 shares of the company’s stock after buying an additional 4,861 shares during the period. SG Americas Securities LLC’s holdings in Sanderson Farms were worth $707,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of SAFM. CIBC World Markets Inc. acquired a new position in shares of Sanderson Farms during the second quarter valued at $436,000. Meeder Asset Management Inc. raised its position in shares of Sanderson Farms by 5.1% in the second quarter. Meeder Asset Management Inc. now owns 1,942 shares of the company’s stock valued at $169,000 after buying an additional 95 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Sanderson Farms during the second quarter valued at $12,313,000. ClariVest Asset Management LLC raised its position in shares of Sanderson Farms by 22.3% in the second quarter. ClariVest Asset Management LLC now owns 13,703 shares of the company’s stock valued at $1,187,000 after buying an additional 2,500 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of Sanderson Farms during the second quarter valued at $684,000. 96.37% of the stock is owned by institutional investors and hedge funds.
Sanderson Farms, Inc. (NASDAQ:SAFM) traded up 1.18% during trading on Friday, hitting $94.48. 239,226 shares of the stock were exchanged. Sanderson Farms, Inc. has a 1-year low of $72.83 and a 1-year high of $99.40. The firm’s 50 day moving average price is $88.44 and its 200-day moving average price is $89.85. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 11.29 and a beta of 0.34.
Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, December 15th. The company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.70. The company had revenue of $790.80 million for the quarter. Sanderson Farms had a return on equity of 16.94% and a net margin of 6.71%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. On average, analysts anticipate that Sanderson Farms, Inc. will post $8.55 EPS for the current year.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. DA Davidson assumed coverage on shares of Sanderson Farms in a research report on Wednesday, October 5th. They set a “neutral” rating and a $103.00 price objective on the stock. Sidoti raised shares of Sanderson Farms from a “neutral” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Monday, December 12th. Finally, KeyCorp assumed coverage on shares of Sanderson Farms in a research report on Friday, December 2nd. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.67.
About Sanderson Farms
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.
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