December 1, 2016 - By Dolores Ford · 0 Comments
Sanderson Farms Inc (NASDAQ:SAFM) institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.53, from 0.7 in 2016Q1. The ratio has improved, as 89 investment professionals started new or increased holdings, while 128 sold and decreased their holdings in Sanderson Farms Inc. The investment professionals in our partner’s database now possess: 20.11 million shares, down from 25.89 million shares in 2016Q1. Also, the number of investment professionals holding Sanderson Farms Inc in their top 10 holdings decreased from 3 to 1 for a decrease of 2. Sold All: 40 Reduced: 88 Increased: 59 New Position: 30.
Sanderson Farms, Inc. is a poultry processing company. The company has a market cap of $1.84 billion. The Firm is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and the preparation, processing, marketing and distribution of processed and prepared chicken items. It has a 12.94 P/E ratio. The Firm sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to clients reselling frozen chicken into export markets.
The stock decreased 1.03% or $0.84 during the last trading session, hitting $80.65. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 11.88% since April 28, 2016 and is downtrending. It has underperformed by 17.80% the S&P500.
Analysts await Sanderson Farms, Inc. (NASDAQ:SAFM) to report earnings on December, 15 before the open. They expect $2.68 earnings per share, up 119.67% or $1.46 from last year’s $1.22 per share. SAFM’s profit will be $61.14M for 7.52 P/E if the $2.68 EPS becomes a reality. After $2.42 actual earnings per share reported by Sanderson Farms, Inc. for the previous quarter, Wall Street now forecasts 10.74% EPS growth.
According to Zacks Investment Research, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States.”
Southernsun Asset Management Llc holds 2.14% of its portfolio in Sanderson Farms, Inc. for 939,045 shares. Lingohr & Partner Asset Management Gmbh owns 14,298 shares or 1.25% of their US portfolio. Moreover, American National Bank has 1.06% invested in the company for 33,395 shares. The Wisconsin-based Morgan Dempsey Capital Management Llc has invested 1.03% in the stock. Evanston Investments Inc. Dba Evanston Advisors, a Illinois-based fund reported 31,561 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $169,231 net activity.
Ratings analysis reveals 25% of Sanderson Farms Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Sanderson Farms Inc., 2 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $72 while the high is $103. The stock’s average target of $86.25 is 6.94% above today’s ($80.65) share price. SAFM was included in 12 notes of analysts from August 26, 2015. Jefferies initiated the shares of SAFM in a report on Wednesday, December 16 with “Underperform” rating. JP Morgan upgraded the stock to “Overweight” rating in Monday, January 11 report. CLSA upgraded the shares of SAFM in a report on Thursday, August 18 to “Buy” rating. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Neutral” rating by Sidoti on Friday, November 20. The stock has “Sell” rating given by Goldman Sachs on Tuesday, March 15. Credit Agricole upgraded Sanderson Farms, Inc. (NASDAQ:SAFM) on Thursday, December 3 to “Outperform” rating. The rating was upgraded by CLSA on Thursday, December 3 to “Outperform”. The firm earned “Neutral” rating on Wednesday, October 5 by DA Davidson. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Neutral” rating given on Friday, May 27 by JP Morgan.
Sanderson Farms, Inc., incorporated on October 31, 1978, is a poultry processing firm engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. 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, and casual dining operators in the south-eastern, south-western, north-eastern and western United States and to clients who resell frozen chicken into export markets. During the fiscal year ended October 31, 2013 (fiscal 2013), it processed 452 million chickens, or over 3.0 billion dressed pounds.
More important recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Businesswire.com which released: “Sanderson Farms, Inc. to Host Its Fourth Quarter and Fiscal 2016 Conference Call” on November 22, 2016, also Seekingalpha.com published article titled: “Sanderson Farms: 12% Annual Returns For 20+ Years”, Businesswire.com published: “INVESTOR ALERT: Investigation of Sanderson Farms, Inc. Announced by Law …” on November 22, 2016. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) was released by: Globenewswire.com and their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Sanderson Farms …” with publication date: November 18, 2016.
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By Dolores Ford