Ontario Teachers Pension Plan Board Invests $1.43 Million in Sanderson Farms, Inc. (NASDAQ:SAFM)

Ontario Teachers Pension Plan Board bought a new position in Sanderson Farms, Inc. (NASDAQ:SAFM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,871 shares of the company’s stock, valued at approximately $1,433,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in Sanderson Farms by 5.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,097 shares of the company’s stock valued at $506,000 after buying an additional 248 shares during the period. O Shaughnessy Asset Management LLC grew its position in Sanderson Farms by 21.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,251 shares of the company’s stock valued at $956,000 after buying an additional 1,296 shares during the period. Massachusetts Financial Services Co. MA grew its position in Sanderson Farms by 22.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 752,400 shares of the company’s stock valued at $74,705,000 after buying an additional 137,978 shares during the period. Van ECK Associates Corp grew its position in Sanderson Farms by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 38,856 shares of the company’s stock valued at $3,858,000 after buying an additional 970 shares during the period. Finally, Norges Bank bought a new position in Sanderson Farms during the fourth quarter valued at about $34,883,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Several research firms recently weighed in on SAFM. BidaskClub lowered shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet upgraded shares of Sanderson Farms from a “c+” rating to a “b” rating in a research report on Friday, June 7th. Barclays set a $145.00 price target on shares of Sanderson Farms and gave the company a “hold” rating in a research report on Friday, May 31st. Cleveland Research upgraded shares of Sanderson Farms from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group raised shares of Sanderson Farms from a “sell” rating to a “neutral” rating and upped their price objective for the company from $81.00 to $131.00 in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $124.13.

NASDAQ SAFM traded up $3.54 during trading on Monday, hitting $140.10. 448,709 shares of the company’s stock traded hands, compared to its average volume of 440,325. The stock has a market capitalization of $3.07 billion, a PE ratio of 46.39 and a beta of 0.81. Sanderson Farms, Inc. has a 12-month low of $93.98 and a 12-month high of $154.82. The company has a quick ratio of 1.72, a current ratio of 3.42 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $142.08.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.06. Sanderson Farms had a negative net margin of 0.28% and a negative return on equity of 0.13%. The business had revenue of $845.23 million for the quarter, compared to the consensus estimate of $846.70 million. During the same period in the prior year, the firm earned $1.84 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that Sanderson Farms, Inc. will post 6.21 earnings per share for the current fiscal year.

Sanderson Farms Profile

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.

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

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