Walleye Capital LLC Cuts Stake in Sanderson Farms, Inc. (NASDAQ:SAFM)

Walleye Capital LLC reduced its position in Sanderson Farms, Inc. (NASDAQ:SAFMGet Rating) by 38.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,777 shares of the company’s stock after selling 6,747 shares during the period. Walleye Capital LLC’s holdings in Sanderson Farms were worth $2,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in shares of Sanderson Farms by 95.6% during the fourth quarter. Signaturefd LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 86 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Sanderson Farms during the fourth quarter valued at $36,000. Aquire Wealth Advisors LLC purchased a new stake in shares of Sanderson Farms during the fourth quarter valued at $82,000. Maverick Capital Ltd. purchased a new stake in shares of Sanderson Farms during the fourth quarter valued at $92,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Sanderson Farms during the fourth quarter valued at $101,000. 79.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sanderson Farms stock traded up $5.51 during trading hours on Friday, reaching $200.00. The stock had a trading volume of 1,204,510 shares, compared to its average volume of 201,755. The stock’s 50 day moving average is $187.89 and its 200 day moving average is $186.22. The firm has a market capitalization of $4.46 billion, a PE ratio of 6.99 and a beta of 0.65. Sanderson Farms, Inc. has a twelve month low of $155.34 and a twelve month high of $201.50.

Sanderson Farms (NASDAQ:SAFMGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported $8.64 earnings per share for the quarter. Sanderson Farms had a net margin of 12.23% and a return on equity of 35.95%. The firm had revenue of $1.33 billion during the quarter. On average, analysts forecast that Sanderson Farms, Inc. will post 31.89 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $1.76 annualized dividend and a dividend yield of 0.88%. Sanderson Farms’s dividend payout ratio (DPR) is presently 6.15%.

A number of equities research analysts have recently weighed in on SAFM shares. StockNews.com initiated coverage on shares of Sanderson Farms in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Zacks Investment Research lowered shares of Sanderson Farms from a “strong-buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a report on Tuesday, April 5th. Six equities research 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $202.29.

Sanderson Farms 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.

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

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