Islay Capital Management LLC Makes New $122,000 Investment in Sanderson Farms, Inc. (NASDAQ:SAFM)

Islay Capital Management LLC bought a new position in Sanderson Farms, Inc. (NASDAQ:SAFM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 640 shares of the company’s stock, valued at approximately $122,000.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Sanderson Farms by 0.4% during the 4th quarter. Northern Trust Corp now owns 305,217 shares of the company’s stock valued at $58,320,000 after purchasing an additional 1,210 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Sanderson Farms by 52.6% in the 4th quarter. Victory Capital Management Inc. now owns 7,846 shares of the company’s stock worth $1,499,000 after buying an additional 2,705 shares during the period. SG Americas Securities LLC lifted its holdings in Sanderson Farms by 65.9% in the 4th quarter. SG Americas Securities LLC now owns 8,862 shares of the company’s stock worth $1,693,000 after buying an additional 3,521 shares during the period. American Century Companies Inc. lifted its holdings in Sanderson Farms by 81.8% in the 4th quarter. American Century Companies Inc. now owns 88,493 shares of the company’s stock worth $16,909,000 after buying an additional 39,827 shares during the period. Finally, Toronto Dominion Bank purchased a new stake in Sanderson Farms in the 4th quarter worth approximately $678,000. Hedge funds and other institutional investors own 82.53% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Sanderson Farms from a “strong-buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Tuesday, April 5th. StockNews.com started coverage on Sanderson Farms in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $202.29.

Shares of NASDAQ SAFM traded down $0.96 during trading on Monday, reaching $188.07. 1,285 shares of the company traded hands, compared to its average volume of 186,507. The firm’s fifty day simple moving average is $182.86 and its 200 day simple moving average is $186.00. The stock has a market cap of $4.20 billion, a P/E ratio of 6.58 and a beta of 0.70. Sanderson Farms, Inc. has a 12-month low of $155.34 and a 12-month high of $200.00.

Sanderson Farms (NASDAQ:SAFM – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $8.64 earnings per share for the quarter. Sanderson Farms had a return on equity of 35.95% and a net margin of 12.23%. The firm had revenue of $1.33 billion during the quarter. As a group, equities analysts expect that Sanderson Farms, Inc. will post 31.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, May 2nd. Sanderson Farms’s dividend payout ratio is presently 6.15%.

Sanderson Farms Company Profile (Get Rating)

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.

See Also