Sanderson Farms, Inc. (SAFM) Position Raised by KBC Group NV

KBC Group NV grew its stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,294 shares of the company’s stock after purchasing an additional 943 shares during the quarter. KBC Group NV owned approximately 0.13% of Sanderson Farms worth $4,702,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Sanderson Farms by 5.4% during the second quarter. Vanguard Group Inc. now owns 1,903,103 shares of the company’s stock valued at $220,094,000 after acquiring an additional 98,236 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sanderson Farms by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,493,586 shares of the company’s stock valued at $172,735,000 after acquiring an additional 119,111 shares in the last quarter. LSV Asset Management raised its holdings in shares of Sanderson Farms by 4.9% during the second quarter. LSV Asset Management now owns 1,130,321 shares of the company’s stock valued at $130,721,000 after acquiring an additional 53,200 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sanderson Farms by 4.6% during the second quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the company’s stock valued at $122,311,000 after acquiring an additional 46,600 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Sanderson Farms by 7.2% during the second quarter. State Street Corp now owns 543,962 shares of the company’s stock valued at $62,910,000 after acquiring an additional 36,489 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jones Gail Pittman sold 260 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.66% of the company’s stock.

A number of equities analysts recently commented on the company. BMO Capital Markets restated a “hold” rating and set a $140.00 target price on shares of Sanderson Farms in a report on Monday, December 18th. Zacks Investment Research downgraded Sanderson Farms from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Stephens reiterated an “equal weight” rating and issued a $170.00 price objective (up previously from $145.00) on shares of Sanderson Farms in a report on Monday, September 25th. Barclays reiterated an “equal weight” rating and issued a $150.00 price objective (up previously from $136.00) on shares of Sanderson Farms in a report on Thursday, December 14th. Finally, ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $137.80.

Sanderson Farms, Inc. (SAFM) traded down $3.06 on Friday, reaching $138.78. The company’s stock had a trading volume of 332,205 shares, compared to its average volume of 591,336. The company has a market capitalization of $3,170.00, a P/E ratio of 11.28 and a beta of 0.61. Sanderson Farms, Inc. has a twelve month low of $87.54 and a twelve month high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The company had revenue of $919.90 million during the quarter, compared to analysts’ expectations of $916.07 million. During the same period in the prior year, the company posted $3.36 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. sell-side analysts anticipate that Sanderson Farms, Inc. will post 10.79 EPS for the current fiscal year.

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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.

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

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