Verition Fund Management LLC lifted its holdings in Sanderson Farms, Inc. (NASDAQ:SAFM) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,934 shares of the company’s stock after buying an additional 784 shares during the quarter. Verition Fund Management LLC’s holdings in Sanderson Farms were worth $1,101,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SAFM. Nationwide Fund Advisors raised its holdings in shares of Sanderson Farms by 167.2% in the third quarter. Nationwide Fund Advisors now owns 53,064 shares of the company’s stock valued at $8,571,000 after buying an additional 33,204 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Sanderson Farms in the third quarter valued at about $1,327,000. Sei Investments Co. raised its holdings in shares of Sanderson Farms by 17.6% in the third quarter. Sei Investments Co. now owns 7,125 shares of the company’s stock valued at $1,151,000 after buying an additional 1,067 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of Sanderson Farms in the third quarter valued at about $4,170,000. Finally, Rhumbline Advisers raised its holdings in shares of Sanderson Farms by 2.0% in the third quarter. Rhumbline Advisers now owns 42,931 shares of the company’s stock valued at $6,934,000 after buying an additional 824 shares during the last quarter.
SAFM has been the subject of a number of research analyst reports. Zacks Investment Research raised Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday, December 7th. Buckingham Research initiated coverage on Sanderson Farms in a report on Wednesday, February 21st. They issued a “neutral” rating and a $122.00 price target for the company. BidaskClub raised Sanderson Farms from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. JPMorgan Chase & Co. cut their price target on Sanderson Farms to $110.00 and set an “underweight” rating for the company in a report on Friday, February 23rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $140.00 price target on shares of Sanderson Farms in a report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Sanderson Farms currently has a consensus rating of “Hold” and a consensus price target of $129.18.
In related news, Director Jones Gail Pittman sold 260 shares of Sanderson Farms stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Bierbusse sold 750 shares of Sanderson Farms stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $120.38, for a total value of $90,285.00. Following the completion of the sale, the director now owns 12,944 shares of the company’s stock, valued at $1,558,198.72. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
Shares of Sanderson Farms, Inc. (NASDAQ SAFM) opened at $123.81 on Friday. The company has a market capitalization of $2,823.64, a PE ratio of 9.19 and a beta of 0.49. Sanderson Farms, Inc. has a 12-month low of $93.55 and a 12-month high of $176.43.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.71). The firm had revenue of $771.90 million during the quarter, compared to analyst estimates of $764.22 million. Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. Sanderson Farms’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. equities research analysts expect that Sanderson Farms, Inc. will post 9.62 EPS for the current fiscal year.
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.
Receive News & Ratings for Sanderson Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms and related companies with MarketBeat.com's FREE daily email newsletter.