Brandywine Global Investment Management LLC increased its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 47.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,277 shares of the company’s stock after purchasing an additional 20,674 shares during the period. Brandywine Global Investment Management LLC owned 0.28% of Sanderson Farms worth $7,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SAFM. Advisor Group Inc. increased its position in Sanderson Farms by 6.9% during the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after buying an additional 62 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Sanderson Farms in the second quarter worth $125,000. PNC Financial Services Group Inc. grew its stake in shares of Sanderson Farms by 144.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock worth $130,000 after acquiring an additional 662 shares during the last quarter. Strs Ohio grew its stake in shares of Sanderson Farms by 180.0% in the second quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $161,000 after acquiring an additional 900 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Sanderson Farms by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the company’s stock worth $173,000 after acquiring an additional 499 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on SAFM shares. BidaskClub upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Thursday, July 27th. Mizuho began coverage on shares of Sanderson Farms in a research report on Wednesday, June 7th. They set a “buy” rating and a $142.00 price objective on the stock. Stephens downgraded shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 price objective on the stock. in a research report on Thursday, August 17th. Finally, Barclays PLC began coverage on shares of Sanderson Farms in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Sanderson Farms currently has a consensus rating of “Hold” and an average target price of $129.36.

In other Sanderson Farms news, Director John Bierbusse sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was 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 directly owns 14,776 shares of the company’s stock, valued at $2,039,531.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fred L. Banks, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total value of $432,330.00. Following the completion of the transaction, the director now directly owns 24,948 shares of the company’s stock, valued at $3,595,256.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,400 shares of company stock worth $771,199. 5.66% of the stock is owned by insiders.

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Shares of Sanderson Farms, Inc. (SAFM) opened at 163.94 on Wednesday. Sanderson Farms, Inc. has a 52-week low of $74.07 and a 52-week high of $165.50. The stock has a market cap of $3.73 billion, a PE ratio of 13.16 and a beta of 0.58. The company’s 50-day moving average price is $151.82 and its 200-day moving average price is $126.04.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, August 24th. The company reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $1.62. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. During the same period in the previous year, the company earned $2.42 earnings per share. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts forecast that Sanderson Farms, Inc. will post $12.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Tuesday, October 3rd will be given a $0.32 dividend. The ex-dividend date is Monday, October 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Sanderson Farms’s previous quarterly dividend of $0.24. Sanderson Farms’s dividend payout ratio is currently 10.31%.

Sanderson Farms 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.

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

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