A number of other equities analysts have also recently commented on SAFM. BidaskClub cut Sanderson Farms from a buy rating to a hold rating in a report on Tuesday. BMO Capital Markets reaffirmed a market perform rating and issued a $125.00 target price (down from $130.00) on shares of Sanderson Farms in a report on Friday, February 23rd. JPMorgan Chase & Co. decreased their target price on Sanderson Farms to $110.00 and set an underweight rating on the stock in a report on Friday, February 23rd. Buckingham Research assumed coverage on Sanderson Farms in a report on Wednesday, February 21st. They issued a neutral rating and a $122.00 target price on the stock. Finally, KeyCorp assumed coverage on Sanderson Farms in a report on Tuesday, October 31st. They issued a sector weight rating on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $129.18.
Sanderson Farms (SAFM) opened at $123.15 on Monday. The stock has a market capitalization of $2,810.00, a price-to-earnings ratio of 10.41 and a beta of 0.47. Sanderson Farms has a 52 week low of $90.67 and a 52 week high of $176.43.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, January 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. Sanderson Farms’s dividend payout ratio is presently 10.82%.
In other Sanderson Farms news, Director John Bierbusse sold 750 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $120.38, for a total transaction of $90,285.00. Following the sale, the director now directly owns 12,944 shares of the company’s stock, valued at $1,558,198.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of SAFM. World Asset Management Inc bought a new stake in Sanderson Farms during the third quarter valued at about $207,000. Saturna Capital CORP bought a new stake in Sanderson Farms during the third quarter valued at about $226,000. Stratos Wealth Partners LTD. bought a new stake in Sanderson Farms during the third quarter valued at about $234,000. Public Employees Retirement Association of Colorado bought a new stake in Sanderson Farms during the fourth quarter valued at about $257,000. Finally, Barry Investment Advisors LLC bought a new stake in Sanderson Farms during the third quarter valued at about $258,000.
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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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