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.
IPO Year: 1987
Exchange: NASDAQ
Website: sandersonfarms.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/16/2022 | Overweight → Equal Weight | Consumer Edge Research | |
| 10/6/2021 | $203.00 | Neutral → Overweight | Consumer Edge Research |
| 8/27/2021 | $190.00 → $203.00 | Equal-Weight | Stephens & Co. |
| 8/24/2021 | $175.00 → $203.00 | Equal-Weight | Barclays |
| 8/18/2021 | $180.00 → $203.00 | Neutral | Credit Suisse |
| 8/10/2021 | $203.00 | Overweight → Neutral | JP Morgan |
| 8/10/2021 | $203.00 | Outperform → Market Perform | BMO Capital |
| 7/9/2021 | $190.00 | Overweight → Equal-Weight | Stephens |
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that Fred L. Banks, Jr. has informed the Company that he will retire from the Sanderson Farms Board of Directors when his current term ends at the 2022 annual shareholders' meeting. "Fred Banks has been a valued independent member of the Sanderson Farms Board of Directors since 2007," stated Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "His extensive legal experience as a practicing lawyer, judge and legislator provided an important perspective in the development and implementation of our governance best practices. Fred is a tireless advocate and a respected leader in Mississippi known for his commi
LAUREL, Miss.--(BUSINESS WIRE)--Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that John H. Baker III has informed the Company that he will retire from the Sanderson Farms Board of Directors when his current term ends at the 2021 annual shareholders’ meeting. “Johnny Baker has been a valued member of the Sanderson Farms Board of Directors since 1994,” stated Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “His many years of experience as a successful entrepreneur in real estate development provided an important perspective in the development and implementation of our greenfield expansion plans. The Company has built seven poultry process
NEW YORK, July 22, 2022 /PRNewswire/ -- MP Materials Corp. (NYSE:MP) will replace Sanderson Farms Inc. (NASD:SAFM) in the S&P MidCap 400 effective prior to the opening of trading on Wednesday, July 27. Cargill and Continental Grain acquired Sanderson Farms in a deal that closed today. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 27, 2022 S&P MidCap 400 Addition MP Materials MP Materials S&P MidCap 400 Deletion Sanderson Farms SAFM Consumer Staples For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S
MINNEAPOLIS and NEW YORK, July 22, 2022 /PRNewswire/ -- Cargill and Continental Grain Company today announced the completion of the previously announced acquisition of Sanderson Farms, Inc. (NASDAQ:SAFM) by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021. Sanderson Farms shareholders are receiving $203.00 per each share of common stock they owned as of immediately prior to the completion of the transaction. As a result of the completion of the transaction, Sanderson Farms' shares will no longer trade on the NASDAQ beginnin
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable May 17, 2022, to stockholders of record at the close of business on May 3, 2022. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005778/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable February 15, 2022, to stockholders of record at the close of business on February 1, 2022. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005795/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that Fred L. Banks, Jr. has informed the Company that he will retire from the Sanderson Farms Board of Directors when his current term ends at the 2022 annual shareholders' meeting. "Fred Banks has been a valued independent member of the Sanderson Farms Board of Directors since 2007," stated Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "His extensive legal experience as a practicing lawyer, judge and legislator provided an important perspective in the development and implementation of our governance best practices. Fred is a tireless advocate and a respected leader in Mississippi known for his commi
OAKWOOD, Ga., Oct. 22, 2021 /PRNewswire/ -- Wayne Farms LLC, a subsidiary of Continental Grain Company, announced today that on October 17, 2021, it completed the sale of its Fresh Processing Complex in Laurel, Mississippi, to Amick Farms. The complex includes live production, hatchery, feed mill, manufacturing and production facilities. The divestiture is a key milestone towards completing the previously announced transaction which will combine Wayne Farms and Sanderson Farms, Inc. (NASDAQ:SAFM) under the joint ownership and control of Cargill and Continental Grain. Clint Riv
Sanderson Farms, Inc. (NASDAQ:SAFM) (the "Company") announced that at a special meeting of stockholders held earlier today, its stockholders approved the previously announced agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business. "We are pleased Sanderson Farms stockholders approved this transaction and thank them for their support," said Joe Sanderson, Chairman and Chief Executive Officer of Sanderson Farms. "We believe this tran
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable October 19, 2021, to stockholders of record on October 5, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005832/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today provided an update on the Company's operations and the impact of Hurricane Ida on its locations in Louisiana and Mississippi. "We are thankful that we have not had any reports of injuries to any of our employees as a result of this devastating hurricane," said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "We have experience managing through catastrophic weather events, and we were prepared to respond to Hurricane Ida and do all we can to protect our assets. Our top priority has been and will continue to be the safety of our employees, contractors and independent contract producers, and the health and wellbein
Sanderson Farms, Inc. (NASDAQ:SAFM) today reported results for the third fiscal quarter and nine months ended July 31, 2021. Net sales for the third quarter of fiscal 2021 were $1,352.8 million compared with $956.5 million for the same period a year ago. For the quarter, the Company reported net income of $164.8 million, or $7.38 per share, compared with net income of $32.8 million, or $1.48 per share, for the third quarter of fiscal 2020. Net sales for the first nine months of fiscal 2021 were $3,395.9 million compared with $2,624.2 million for the first nine months of fiscal 2020. Net income for the first nine months of fiscal 2021 totaled $271.2 million, or $12.14 per share, compared w
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Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable May 17, 2022, to stockholders of record at the close of business on May 3, 2022. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005778/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable February 15, 2022, to stockholders of record at the close of business on February 1, 2022. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005795/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable October 19, 2021, to stockholders of record on October 5, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005832/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today reported results for the third fiscal quarter and nine months ended July 31, 2021. Net sales for the third quarter of fiscal 2021 were $1,352.8 million compared with $956.5 million for the same period a year ago. For the quarter, the Company reported net income of $164.8 million, or $7.38 per share, compared with net income of $32.8 million, or $1.48 per share, for the third quarter of fiscal 2020. Net sales for the first nine months of fiscal 2021 were $3,395.9 million compared with $2,624.2 million for the first nine months of fiscal 2020. Net income for the first nine months of fiscal 2021 totaled $271.2 million, or $12.14 per share, compared w
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that the Company will release its third quarter fiscal 2021 financial results on Thursday, August 26, 2021. A press release will be issued before the open of market trading. The Company will not be hosting a conference call with analysts and investors. The Company also announced that its annual investor conference, previously scheduled for Friday, October 15, 2021, has been cancelled. As previously announced, a joint venture between Cargill and Continental Grain has entered into a definitive agreement to acquire Sanderson Farms for $203 per share in cash. Sanderson Farms, Inc. is engaged in the production, processing, marketing and dist
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable August 17, 2021, to stockholders of record on August 3, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005878/en/
Sanderson Farms, Inc. (NASDAQ:SAFM) today reported results for its second fiscal quarter and six months ended April 30, 2021. Net sales for the second quarter of fiscal 2021 were $1,133.9 million compared with $844.7 million for the same period a year ago. For the quarter, the Company reported net income of $96.9 million, or $4.34 per share, compared with net income of $6.1 million, or $0.28 per share, for the second quarter of fiscal 2020. Net sales for the first six months of fiscal 2021 were $2,043.2 million compared with $1,667.8 million for the same period of fiscal 2020. Net income for the first half of the fiscal year totaled $106.4 million, or $4.76 per share, compared with a net
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable May 18, 2021, to stockholders of record on May 4, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM. View source version on businesswire.com: https://www.businesswire.com/news/home/20210422005961/en/
LAUREL, Miss.--(BUSINESS WIRE)--Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable February 16, 2021, to stockholders of record on February 2, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM.
Microsoft (NASDAQ:MSFT) co-founder Bill Gates has been known for buying up farmland as well as investing in disruptive companies to better combat climate change such as solid-state battery producer QuantumScape (NYSE:QS). Over the course of the third quarter, the Bill and Melinda Gates Foundation Trust increased its portfolio from 20 to 21 stocks, taking it to over $33.9 billion in value. During the second quarter, the value of the portfolio was over $17.7 billion in value, revealing Gates has increased the fund's stake in a number of stocks. See Also: Bill Gates 'Can't Wait To See' What Trevor Noah Does After 'The Daily Show' What Was Purchased? Over the course of the third quarter, Ga
Cargill and Continental Grain Company today announced the completion of the previously announced acquisition of Sanderson Farms, Inc. (NASDAQ:SAFM) by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021. Sanderson Farms shareholders are receiving $203.00 per each share of common stock they owned as of immediately prior to the completion of the transaction. As a result of the completion of the transaction, Sanderson Farms' shares will no longer trade on the NASDAQ beginning July 22, 2022. As a part of the closing of the transaction, Cargill and Continental Grain have combined Sanderson Farms with Wayne Farms, a subsidiary of Continental G
-WSJ
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer defensive sector: Natures Sunshine Products (NASDAQ:NATR) - P/E: 9.79 Gravitas Education (NYSE:GEHI) - P/E: 3.0 Lifevantage (NASDAQ:LFVN) - P/E: 5.86 Sanderson Farms (NASDAQ:SAFM) - P/E: 5.48 DAVIDsTEA (NASDAQ:DTEA) - P
Upgrades According to Loop Capital, the prior rating for Armstrong World Industries Inc (NYSE:AWI) was changed from Hold to Buy. Armstrong World Indus earned $1.02 in the first quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $118.14 and a 52-week-low of $77.95. Armstrong World Indus closed at $79.40 at the end of the last trading period. B. Riley Securities upgraded the previous rating for Apple Hospitality REIT Inc (NYSE:APLE) from Neutral to Buy. Apple Hospitality REIT earned $0.28 in the first quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.69 and a 52-week-low of $13.83. Apple Hos
Consumer Edge Research downgrades Sanderson Farms (NASDAQ:SAFM) from Overweight to Equal-Weight.
Atlas Holdings acquired Foster Farms from entities associated with the Foster Family for an undisclosed sum. Foster Farms is a family-owned provider of fresh, frozen, and prepared poultry products. Foster Farms generated annual revenues of $3 billion and will continue to operate under the Foster Farms name. Foster Farms employed 10,000 skilled team members and operated significant processing facilities in California, Washington, Louisiana, Oregon, and Alabama. Veteran poultry industry leader Donnie Smith, the former CEO of Tyson Foods, Inc (NYSE:TSN), was named Foster Farms' new Chief and Chair. The deal occurs as chicken prices have surged, driven by strong consumer demand and rising
Sanderson Farms Inc (NASDAQ:SAFM) reported second-quarter FY22 revenue growth of 35.8% year-over-year to $1.54 billion, beating the consensus of $1.39 billion. Selling, general and administrative expenses rose 3.3% Y/Y to $66.3 million. The operating margin was 27.4%, and operating income for the quarter jumped 230% to $421.5 million. Related: Cargill, Continental Grain To Acquire Sanderson Farms For $4.5B The company held $829.1 million in cash and equivalents as of April 30, 2022. Cash provided by operating activities for six months ended April 30, 2022, totaled $474.8 million. EPS of $14.39 beat the analyst consensus of $7.62. Price Action: SAFM shares are trading higher by 2.74%
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the consumer defensive sector: Seneca Foods (NASDAQ:SENEB) - P/E: 8.71 Mannatech (NASDAQ:MTEX) - P/E: 6.71 Lincoln Educational Servs (NASDAQ:LINC) - P/E: 6.62 Sanderson Farms (NASDAQ:SAFM) - P/E: 6.8 Gravitas Education (NYSE:GEHI) - P/E: 3.0 Seneca Foods has reported Q3 earnings per share at $2.14, which has increased by 63.36% compared to Q
Consumer Edge Research downgraded Sanderson Farms from Overweight to Equal Weight
Consumer Edge Research upgraded Sanderson Farms from Neutral to Overweight and set a new price target of $203.00
Stephens & Co. reiterated coverage of Sanderson Farms with a rating of Equal-Weight and set a new price target of $203.00 from $190.00 previously
Barclays reiterated coverage of Sanderson Farms with a rating of Equal-Weight and set a new price target of $203.00 from $175.00 previously
Credit Suisse reiterated coverage of Sanderson Farms with a rating of Neutral and set a new price target of $203.00 from $180.00 previously
JP Morgan downgraded Sanderson Farms from Overweight to Neutral and set a new price target of $203.00
BMO Capital downgraded Sanderson Farms from Outperform to Market Perform and set a new price target of $203.00
Stephens downgraded Sanderson Farms from Overweight to Equal-Weight and set a new price target of $190.00
JP Morgan reiterated coverage of Sanderson Farms with a rating of Overweight and set a new price target of $198.00 from $175.00 previously
Barclays downgraded Sanderson Farms from Overweight to Equal-Weight and set a new price target of $175.00 from $170.00 previously
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