Sanderson Farms, Inc. (SAFM) Stake Maintained by Hussman Strategic Advisors Inc.
Hussman Strategic Advisors Inc. continued to hold its position in Sanderson Farms, Inc. (NASDAQ:SAFM) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 50,800 shares of the company’s stock at the end of the second quarter. Sanderson Farms accounts for approximately 1.3% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 19th largest position. Hussman Strategic Advisors Inc.’s holdings in Sanderson Farms were worth $5,875,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Sanderson Farms by 38,073.7% in the first quarter. BlackRock Inc. now owns 2,700,788 shares of the company’s stock valued at $280,451,000 after buying an additional 2,693,713 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Sanderson Farms by 42.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,374,475 shares of the company’s stock valued at $142,725,000 after buying an additional 411,406 shares during the last quarter. Norges Bank bought a new position in Sanderson Farms during the fourth quarter valued at about $21,881,000. LSV Asset Management raised its position in Sanderson Farms by 15.0% in the first quarter. LSV Asset Management now owns 1,077,121 shares of the company’s stock valued at $111,848,000 after buying an additional 140,492 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Sanderson Farms by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,804,867 shares of the company’s stock valued at $187,418,000 after buying an additional 122,658 shares during the last quarter.
Sanderson Farms, Inc. (SAFM) opened at 134.53 on Monday. The company has a 50 day moving average price of $121.29 and a 200 day moving average price of $108.28. Sanderson Farms, Inc. has a 12 month low of $74.07 and a 12 month high of $135.58. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.81 and a beta of 0.62.
Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Thursday, May 25th. The company reported $2.94 earnings per share for the quarter, topping the Zacks’ 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%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 earnings per share. Analysts anticipate that Sanderson Farms, Inc. will post $10.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.71%. Sanderson Farms’s payout ratio is currently 9.86%.
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Several equities analysts have recently issued reports on SAFM shares. Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 target price for the company in a research report on Wednesday, July 5th. BMO Capital Markets restated a “hold” rating and set a $130.00 target price on shares of Sanderson Farms in a research report on Tuesday, June 27th. Pacific Crest restated an “overweight” rating and set a $125.00 target price (up from $120.00) on shares of Sanderson Farms in a research report on Sunday, April 23rd. ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Finally, Barclays PLC started coverage on Sanderson Farms in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $119.44.
In other Sanderson Farms news, Director Dianne Mooney sold 1,103 shares of Sanderson Farms stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $117.69, for a total value of $129,812.07. Following the completion of the sale, the director now directly owns 13,072 shares in the company, valued at $1,538,443.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phil K. Livingston sold 500 shares of Sanderson Farms 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 completion of the sale, the director now owns 9,673 shares of the company’s stock, valued at $1,175,269.50. The disclosure for this sale can be found here. Insiders own 5.66% of the company’s stock.
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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