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2022-07-18 18:41
Parallel Advisors LLC boosted its holdings in Sanderson Farms, Inc. (NASDAQ:SAFM – Get Rating) by 214.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,936 shares of the company's stock after acquiring an additional 1,321 shares during the period. Parallel Advisors LLC's holdings in Sanderson Farms were worth $358,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC increased its stake in shares of Sanderson Farms by 95.6% in the fourth quarter. Signaturefd LLC now owns 176 shares of the company's stock valued at $34,000 after purchasing an additional 86 shares during the period. Profund Advisors LLC increased its stake in shares of Sanderson Farms by 5.6% in the fourth quarter. Profund Advisors LLC now owns 1,624 shares of the company's stock valued at $310,000 after purchasing an additional 86 shares during the period. State of Michigan Retirement System increased its stake in shares of Sanderson Farms by 1.9% in the fourth quarter. State of Michigan Retirement System now owns 5,409 shares of the company's stock valued at $1,034,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Sanderson Farms by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the company's stock valued at $1,069,000 after purchasing an additional 100 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Sanderson Farms by 4.5% in the first quarter. Exchange Traded Concepts LLC now owns 3,457 shares of the company's stock valued at $648,000 after purchasing an additional 150 shares during the period. Institutional investors own 79.59% of the company's stock.
Get Sanderson Farms alerts:NASDAQ SAFM opened at $212.72 on Monday. Sanderson Farms, Inc. has a 12 month low of $175.82 and a 12 month high of $221.63. The firm has a market capitalization of $4.75 billion, a PE ratio of 5.50 and a beta of 0.56. The company's 50 day simple moving average is $203.51 and its 200 day simple moving average is $191.42.
Sanderson Farms (NASDAQ:SAFM – Get Rating) last posted its quarterly earnings data on Friday, May 27th. The company reported $14.39 EPS for the quarter, beating analysts' consensus estimates of $7.42 by $6.97. Sanderson Farms had a net margin of 15.34% and a return on equity of 43.58%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $4.34 earnings per share. The business's revenue for the quarter was up 35.8% on a year-over-year basis. Sell-side analysts anticipate that Sanderson Farms, Inc. will post 46.23 earnings per share for the current fiscal year.The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.83%. Sanderson Farms's dividend payout ratio is presently 4.55%.
Several equities research analysts have commented on the stock. Consumer Edge lowered shares of Sanderson Farms from an "overweight" rating to an "equal weight" rating in a research note on Thursday, June 16th. StockNews.com assumed coverage on shares of Sanderson Farms in a research note on Thursday, March 31st. They issued a "strong-buy" rating on the stock. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sanderson Farms presently has a consensus rating of "Hold" and an average price target of $203.00.
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Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.
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