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. Its prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments. Sanderson Farms, Inc. was founded in 1947 and is headquartered in Laurel, Mississippi.
Industry, Sector and Symbol
Industry Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Phone601-649-4030
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.24 billion
Profitability
Miscellaneous
Employees15,104
OptionableOptionable
Sanderson Farms (NASDAQ:SAFM) Frequently Asked Questions
What is Sanderson Farms' stock symbol?
Sanderson Farms trades on the NASDAQ under the ticker symbol "SAFM."
How often does Sanderson Farms pay dividends? What is the dividend yield for Sanderson Farms?
Sanderson Farms declared a quarterly dividend on Thursday, January 17th. Investors of record on Tuesday, January 29th will be given a dividend of $0.32 per share on Tuesday, February 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Monday, January 28th. View Sanderson Farms' Dividend History.
How will Sanderson Farms' stock buyback program work?
Sanderson Farms declared that its board has authorized a share buyback program on Thursday, May 31st 2018, which allows the company to buyback 2,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Sanderson Farms' earnings last quarter?
Sanderson Farms, Inc. (NASDAQ:SAFM) issued its quarterly earnings results on Thursday, December, 20th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.09) by $0.54. The company had revenue of $798 million for the quarter, compared to analysts' expectations of $787.31 million. Sanderson Farms had a return on equity of 2.10% and a net margin of 1.90%. Sanderson Farms's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 EPS. View Sanderson Farms' Earnings History.
When is Sanderson Farms' next earnings date?
What price target have analysts set for SAFM?
10 brokers have issued 12 month price targets for Sanderson Farms' stock. Their forecasts range from $77.00 to $130.00. On average, they expect Sanderson Farms' stock price to reach $100.4444 in the next year. This suggests that the stock has a possible downside of 16.1%. View Analyst Price Targets for Sanderson Farms.
What is the consensus analysts' recommendation for Sanderson Farms?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanderson Farms in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sanderson Farms.
What are Wall Street analysts saying about Sanderson Farms stock?
Here are some recent quotes from research analysts about Sanderson Farms stock:
- 1. Jefferies Financial Group Inc analysts commented, "SAFM is scheduled to report fiscal 4Q18 (Oct) results this Thursday. We expect weak 4Q18 results and for the trend to continue into FY19 owing to an oversupply of chicken (weak demand and to a lesser extent supply growth) which has resulted in a significant decline in chicken prices. With processing capacity slated to expand by ~3% in 2019 and continued weak demand, we remain UW SAFM despite the stock’s underperformance." (12/19/2018)
- 2. According to Zacks Investment Research, "Sanderson Farms has lagged the industry in the past year due to its dismal surprise history that lingered in third-quarter fiscal 2018. During the quarter, both the top and the bottom lines fell year over year and missed the Zacks Consensus Estimate. This marked the company’s second and fourth straight sales and earnings miss, respectively. Results were hit by low selling prices and increased costs of sales. The company witnessed soft demand for big bird boneless breast meat during the quarter, which, in turn, led to lower prices. Market prices for certain chicken products also declined owing to reduced chicken promotions at food service and retail grocery stores along with competition from other protein suppliers. Also, freight costs continued to rise, thereby hurting margins. Nonetheless, Sanderson Farms’ vast product pipeline is likely to aid sales. Also, the company’s shareholder-friendly moves are noteworthy." (12/12/2018)
Has Sanderson Farms been receiving favorable news coverage?
Media coverage about SAFM stock has trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sanderson Farms earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are some of Sanderson Farms' key competitors?
Some companies that are related to Sanderson Farms include DAVIDE CAMPARI-/S (DVDCY), Campbell Soup (CPB), Lamb Weston (LW), WANT WANT CHINA/ADR (WWNTY), SWATCH GRP AG/ADR (SWGAY), Service Co. International (SCI), Coty (COTY), AJINOMOTO INC/ADR (AJINY), Newell Brands (NWL), Aramark (ARMK), US Foods (USFD), San Miguel (SMGBY), Tingyi (Cayman Islands) (TCYMF), Post (POST) and Ingredion (INGR).
Who are Sanderson Farms' key executives?
Sanderson Farms' management team includes the folowing people:
- Mr. Joe F. Sanderson Jr., Chairman & CEO (Age 71)
- Mr. Lampkin Butts, Pres, COO & Director (Age 68)
- Mr. D. Michael Cockrell, CFO, Treasurer & Director (Age 61)
- Mr. Timothy F. Rigney, Corp. Sec., Chief Accounting Officer & Controller (Age 55)
- Mr. Brian Romano, Director of Admin. & HR
Who are Sanderson Farms' major shareholders?
Sanderson Farms' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.45%), Dimensional Fund Advisors LP (7.64%), Victory Capital Management Inc. (4.54%), Massachusetts Financial Services Co. MA (3.40%), Northern Trust Corp (2.32%) and Bank of New York Mellon Corp (1.61%). Company insiders that own Sanderson Farms stock include D Michael Cockrell, Dianne Mooney, Fred L Banks Jr, John Bierbusse, Jones Gail Pittman, Phil K Livingston and Robert C Khayat. View Institutional Ownership Trends for Sanderson Farms.
Which major investors are selling Sanderson Farms stock?
SAFM stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, APG Asset Management N.V., First Trust Advisors LP, Prudential Financial Inc., Hancock Whitney Corp, Bank of New York Mellon Corp, WS Management Lllp and United Services Automobile Association. Company insiders that have sold Sanderson Farms company stock in the last year include John Bierbusse, Jones Gail Pittman and Phil K Livingston. View Insider Buying and Selling for Sanderson Farms.
Which major investors are buying Sanderson Farms stock?
SAFM stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA, Millennium Management LLC, Chartwell Investment Partners LLC, Deprince Race & Zollo Inc., Bank of America Corp DE, BlackRock Inc. and Victory Capital Management Inc.. View Insider Buying and Selling for Sanderson Farms.
How do I buy shares of Sanderson Farms?
Shares of SAFM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sanderson Farms' stock price today?
One share of SAFM stock can currently be purchased for approximately $119.65.
How big of a company is Sanderson Farms?
Sanderson Farms has a market capitalization of $2.65 billion and generates $3.24 billion in revenue each year. The company earns $61.43 million in net income (profit) each year or $3.02 on an earnings per share basis. Sanderson Farms employs 15,104 workers across the globe.
What is Sanderson Farms' official website?
How can I contact Sanderson Farms?
Sanderson Farms' mailing address is 127 FLYNT ROAD, LAUREL MS, 39443. The company can be reached via phone at 601-649-4030.
MarketBeat Community Rating for Sanderson Farms (NASDAQ SAFM)
MarketBeat's community ratings are surveys of what our community members think about Sanderson Farms and other stocks. Vote "Outperform" if you believe SAFM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SAFM will underperform the S&P 500 over the long term. You may vote once every thirty days.
