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SAFM Sanderson Farms

Sanderson Farms, Inc., founded in 1947, is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items. Employing more than 15,000 employees in operations spanning five states and 17 different cities, Sanderson Farms is the third largest poultry producer in the United States. As a company, Sanderson Farms is committed to adopting a fresh approach in everything that we do, not only where products are concerned, but companywide, as well. Though the company has grown in size, it still adheres to the same hometown values of honesty, integrity and innovation that were established when the Sanderson family founded the company back in 1947.

Company profile

Ticker
SAFM
Exchange
CEO
Joe Sanderson
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
640615843

SAFM stock data

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Calendar

27 May 21
31 Jul 21
31 Oct 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Oct 19 Oct 18 Oct 17
Revenue
Cost of revenue
Operating income
Operating margin
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Kelly Green Edith Common Stock Grant Aquire A No No 0 2 0 3,266
30 Jun 21 Kelly Green Edith Common Stock Grant Aquire A No No 187.97 10 1.88K 3,264
30 Jun 21 Perez Sonia Common Stock Grant Aquire A No No 0 11 0 2,828
30 Jun 21 Perez Sonia Common Stock Grant Aquire A No No 187.97 44 8.27K 2,817
30 Jun 21 Mestayer Suzanne T Common Stock Grant Aquire A No No 0 6 0 4,318
30 Jun 21 Mestayer Suzanne T Common Stock Grant Aquire A No No 187.97 27 5.08K 4,312
30 Jun 21 Barksdale John David Common Stock Grant Aquire A No No 0 13 0 4,625
30 Jun 21 Barksdale John David Common Stock Grant Aquire A No No 187.97 53 9.96K 4,612
30 Jun 21 Banks Fred L JR Common Stock Grant Aquire A No No 0 22 0 26,524
30 Jun 21 Banks Fred L JR Common Stock Grant Aquire A No No 187.97 89 16.73K 26,502

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 261 252 +3.6%
Opened positions 40 45 -11.1%
Closed positions 31 22 +40.9%
Increased positions 87 81 +7.4%
Reduced positions 97 94 +3.2%
13F shares
Current Prev Q Change
Total value 2.81B 2.46B +14.1%
Total shares 18.04M 18.62M -3.1%
Total puts 154.7K 80.6K +91.9%
Total calls 57.6K 127.3K -54.8%
Total put/call ratio 2.7 0.6 +324.2%
Largest owners
Shares Value Change
BLK Blackrock 2.32M $361.3M +5.7%
Vanguard 2M $312.11M +6.3%
Nuance Investments 1.74M $271.47M -13.3%
TROW T. Rowe Price 1.09M $170.4M -16.1%
Wellington Management 927.91K $144.55M +1.2%
STT State Street 899.1K $140.06M -4.0%
Victory Capital Management 846.09K $131.8M +7.8%
Massachusetts Financial Services 783.65K $122.08M +2.2%
Dimensional Fund Advisors 688.1K $107.24M -0.9%
FMR 349.27K $54.41M -58.0%
Largest transactions
Shares Bought/sold Change
FMR 349.27K -483.06K -58.0%
Nuance Investments 1.74M -266.98K -13.3%
Clearbridge Advisors 0 -254.71K EXIT
TROW T. Rowe Price 1.09M -209.7K -16.1%
Millennium Management 170.36K +163.5K +2384.5%
Nuveen Asset Management 239.91K +156.81K +188.7%
BLK Blackrock 2.32M +124.85K +5.7%
Balyasny Asset Management 170.24K +119.93K +238.4%
Vanguard 2M +118.67K +6.3%
JHG Janus Henderson 265.86K -87.48K -24.8%

Financial report summary

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Management Discussion
  • Net sales for the second quarter ended April 30, 2021 were $1,133.9 million as compared to $844.7 million for the second quarter ended April 30, 2020, an increase of $289.2 million, or 34.2%. Net sales of poultry products for the second quarter ended April 30, 2021 and 2020, were $1,087.2 million and $805.7 million, respectively, an increase of $281.5 million, or 34.9%. The increase in net sales of poultry products resulted from a 32.6% increase in the average sales price of poultry products sold and a 1.8% increase in the pounds of poultry products sold. During the second quarter of fiscal 2021, the
  • Company sold 1,200.4 million pounds of poultry products, up from 1,179.7 million pounds during the second quarter of fiscal 2020. The increase in pounds of poultry products sold resulted from a 0.8% increase in the number of head processed and a 1.9% increase in the average live weight of the birds processed. Due to the winter storms mentioned above, the Company processed approximately 2.3 million fewer head during the second quarter of fiscal 2021 than what we originally planned prior to the storms' impacts. However, due to higher bird weights and improved yields, our actual pounds processed were higher than our original projection by approximately 1.9%, or 23.1 million pounds.
  • Quoted market prices for poultry products increased during the second quarter of fiscal 2021 as compared to the same quarter of fiscal 2020. When compared to the second quarter of fiscal 2020, Urner Barry average market prices for jumbo wings, boneless breast meat, tenders, leg quarters and boneless thigh meat increased by 88.9%, 60.4%, 54.5%, 12.3% and 4.3%, respectively. Average realized prices for chicken products sold to retail grocery store customers increased by 4.6% during the second quarter of fiscal 2021 as compared to the same period of fiscal 2020, and retail grocery store demand remains strong.
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