Sanderson Farms, Inc. (NASDAQ:SAFM) is expected to pay $1.24 on Oct 18, 2016. The indicated annual dividend is $0.96. Shareholders owning the stock before Sep 30, 2016 will be eligible to receive the payout. Based on Sanderson Farms, Inc.’s current price of $95.83, the dividend is 1.29%. This dividend’s record date is Oct 4, 2016 and the announcement date is Sep 23, 2016. The stock increased 0.96% or $0.91 during the last trading session, hitting $95.83. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 8.06% since February 25, 2016 and is uptrending. It has underperformed by 3.19% the S&P500.
Sanderson Farms, Inc. is a poultry processing company. The company has a market cap of $2.15 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 15.37 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.
Insitutional Activity: The institutional sentiment decreased to 0.7 in Q2 2016. Its down 0.20, from 0.9 in 2016Q1. The ratio turned negative, as 40 funds sold all Sanderson Farms, Inc. shares owned while 88 reduced positions. 30 funds bought stakes while 59 increased positions. They now own 20.11 million shares or 22.32% less from 25.89 million shares in 2016Q1.
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.
Out of 7 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 2 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 29% are positive. Sanderson Farms Inc. has been the topic of 10 analyst reports since October 13, 2015 according to StockzIntelligence Inc. CLSA upgraded the stock on August 18 to “Buy” rating. Goldman Sachs downgraded the shares of SAFM in a report on March 15 to “Sell” rating.
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