4,327 Shares in Sanderson Farms, Inc. (SAFM) Purchased by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC acquired a new stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,327 shares of the company’s stock, valued at approximately $500,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Sanderson Farms by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,804,867 shares of the company’s stock valued at $187,418,000 after purchasing an additional 122,658 shares during the period. Prudential Financial Inc. increased its position in Sanderson Farms by 18.0% during the 2nd quarter. Prudential Financial Inc. now owns 412,379 shares of the company’s stock valued at $47,691,000 after purchasing an additional 62,820 shares during the period. Legal & General Group Plc increased its position in Sanderson Farms by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 40,443 shares of the company’s stock valued at $4,681,000 after purchasing an additional 3,559 shares during the period. Chicago Equity Partners LLC increased its position in Sanderson Farms by 259.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 37,667 shares of the company’s stock valued at $4,356,000 after purchasing an additional 27,197 shares during the period. Finally, Origin Asset Management LLP purchased a new position in Sanderson Farms during the 2nd quarter valued at $32,665,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Sanderson Farms, Inc. (NASDAQ:SAFM) opened at 148.59 on Friday. The company has a 50-day moving average of $154.90 and a 200-day moving average of $129.99. The company has a market cap of $3.38 billion, a PE ratio of 11.93 and a beta of 0.58. Sanderson Farms, Inc. has a 52 week low of $74.07 and a 52 week high of $166.65.

Sanderson Farms (NASDAQ:SAFM) last posted its 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 return on equity of 22.21% and a net margin of 8.77%. The company had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities analysts expect that Sanderson Farms, Inc. will post $12.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, October 2nd. This is a positive change from Sanderson Farms’s previous quarterly dividend of $0.24. Sanderson Farms’s payout ratio is 10.31%.

SAFM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 price objective on the stock 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 report on Tuesday, June 27th. ValuEngine upgraded shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, J P Morgan Chase & Co cut shares of Sanderson Farms from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $129.00 to $134.00 in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms currently has a consensus rating of “Hold” and an average price target of $131.27.

In other Sanderson Farms news, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total value of $432,330.00. Following the transaction, the director now owns 24,948 shares in the company, valued at $3,595,256.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Bierbusse sold 625 shares of Sanderson Farms stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $138.03, for a total value of $86,268.75. Following the completion of 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 sold 5,400 shares of company stock worth $771,199 in the last quarter. 5.66% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/20/4327-shares-in-sanderson-farms-inc-safm-purchased-by-piedmont-investment-advisors-llc.html.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Sanderson Farms by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,804,867 shares of the company’s stock valued at $187,418,000 after purchasing an additional 122,658 shares during the period. Prudential Financial Inc. increased its position in Sanderson Farms by 18.0% during the 2nd quarter. Prudential Financial Inc. now owns 412,379 shares of the company’s stock valued at $47,691,000 after purchasing an additional 62,820 shares during the period. Legal & General Group Plc increased its position in Sanderson Farms by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 40,443 shares of the company’s stock valued at $4,681,000 after purchasing an additional 3,559 shares during the period. Chicago Equity Partners LLC increased its position in Sanderson Farms by 259.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 37,667 shares of the company’s stock valued at $4,356,000 after purchasing an additional 27,197 shares during the period. Finally, Origin Asset Management LLP purchased a new position in Sanderson Farms during the 2nd quarter valued at $32,665,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Sanderson Farms, Inc. (NASDAQ:SAFM) opened at 148.59 on Friday. The company has a 50-day moving average of $154.90 and a 200-day moving average of $129.99. The company has a market cap of $3.38 billion, a PE ratio of 11.93 and a beta of 0.58. Sanderson Farms, Inc. has a 52 week low of $74.07 and a 52 week high of $166.65.

Sanderson Farms (NASDAQ:SAFM) last posted its 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 return on equity of 22.21% and a net margin of 8.77%. The company had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities analysts expect that Sanderson Farms, Inc. will post $12.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, October 2nd. This is a positive change from Sanderson Farms’s previous quarterly dividend of $0.24. Sanderson Farms’s payout ratio is 10.31%.

SAFM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 price objective on the stock 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 report on Tuesday, June 27th. ValuEngine upgraded shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, J P Morgan Chase & Co cut shares of Sanderson Farms from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $129.00 to $134.00 in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms currently has a consensus rating of “Hold” and an average price target of $131.27.

In other Sanderson Farms news, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total value of $432,330.00. Following the transaction, the director now owns 24,948 shares in the company, valued at $3,595,256.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Bierbusse sold 625 shares of Sanderson Farms stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $138.03, for a total value of $86,268.75. Following the completion of 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 sold 5,400 shares of company stock worth $771,199 in the last quarter. 5.66% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/20/4327-shares-in-sanderson-farms-inc-safm-purchased-by-piedmont-investment-advisors-llc.html.

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 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.

Want to see what other hedge funds are holding SAFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanderson Farms, Inc. (NASDAQ:SAFM).

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

Receive News & Ratings for Sanderson Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms Inc. and related companies with MarketBeat.com's FREE daily email newsletter.