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SAFM Sanderson Farms

Sanderson Farms, Inc. is a poultry processing company, which engages in the production, processing, marketing, and distribution of fresh, frozen, further processed, and partially cooked chicken products. It operates through the following divisions: Production, Processing, and Foods. The Production division refers to the production of chickens to the broiler stage. The Processing division involves the processing, sale, and distribution of chickens. The Foods division comprises the processing, marketing, and distribution of prepared chicken items sold nationally and regionally. The firm offers its products under the brand Sanderson Farms. The company was founded by Dewey R. Sanderson, Dewey R. Sanderson, Jr. and Joe Frank Sanderson in 1947 and is headquartered in Laurel, MS.

Company profile

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

SAFM stock data

(
)

Calendar

25 Feb 21
13 Apr 21
31 Oct 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 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
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 50.09M 50.09M 50.09M 50.09M 50.09M 50.09M
Cash burn (monthly) (positive/no burn) 1.11M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 2.71M n/a n/a n/a n/a
Cash remaining n/a 47.38M n/a n/a n/a n/a
Runway (months of cash) n/a 42.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Barksdale John David Common Stock Grant Aquire A No No 0 23 0 4,559
31 Mar 21 Barksdale John David Common Stock Grant Aquire A No No 155.78 94 14.64K 4,536
31 Mar 21 Kelly Green Edith Common Stock Grant Aquire A No No 0 4 0 3,254
31 Mar 21 Kelly Green Edith Common Stock Grant Aquire A No No 155.78 17 2.65K 3,250
31 Mar 21 Perez Sonia Common Stock Grant Aquire A No No 0 19 0 2,773
31 Mar 21 Perez Sonia Common Stock Grant Aquire A No No 155.78 78 12.15K 2,754
31 Mar 21 Banks Fred L JR Common Stock Grant Aquire A No No 0 37 0 26,435
31 Mar 21 Banks Fred L JR Common Stock Grant Aquire A No No 155.78 149 23.21K 26,398
31 Mar 21 Cooley Toni D Common Stock Grant Aquire A No No 0 39 0 22,224
31 Mar 21 Cooley Toni D Common Stock Grant Aquire A No No 155.78 156 24.3K 22,185

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

83.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 251 229 +9.6%
Opened positions 44 24 +83.3%
Closed positions 22 43 -48.8%
Increased positions 81 75 +8.0%
Reduced positions 94 93 +1.1%
13F shares
Current Prev Q Change
Total value 2.51B 2.26B +11.0%
Total shares 18.62M 19.13M -2.7%
Total puts 80.6K 285.2K -71.7%
Total calls 127.3K 100.6K +26.5%
Total put/call ratio 0.6 2.8 -77.7%
Largest owners
Shares Value Change
BLK Blackrock 2.19M $290.1M +1.1%
Nuance Investments 2.01M $265.67M +18.7%
Vanguard 1.88M $249.18M +2.4%
TROW T. Rowe Price 1.3M $172.33M +7.4%
STT State Street 936.87K $123.85M +0.7%
Wellington Management 916.61K $121.18M +13.7%
FMR 832.34K $110.04M -1.3%
Victory Capital Management 784.75K $103.75M -8.0%
Massachusetts Financial Services 766.9K $101.38M +16.1%
Dimensional Fund Advisors 694.64K $91.83M -6.7%
Largest transactions
Shares Bought/sold Change
Durational Capital Management 0 -1.11M EXIT
Nuance Investments 2.01M +316.07K +18.7%
Deprince Race & Zollo 82.35K -158.27K -65.8%
Clearbridge Advisors 254.71K -140.84K -35.6%
IVZ Invesco 172.9K +138.44K +401.8%
Sanderson Farms, Inc. & Affiliates Employee Stock Ownership Plan & Trust 111.06K +111.06K NEW
JHG Janus Henderson 353.34K -110.69K -23.9%
Wellington Management 916.61K +110.35K +13.7%
Massachusetts Financial Services 766.9K +106.15K +16.1%
TROW T. Rowe Price 1.3M +89.58K +7.4%

Financial report summary

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Management Discussion
  • Net sales for the first quarter ended January 31, 2021 were $909.3 million as compared to $823.1 million for the first quarter ended January 31, 2020, an increase of $86.2 million, or 10.5%. Net sales of poultry products for the first quarter ended January 31, 2021 and 2020, were $870.2 million and $771.5 million, respectively, an increase of $98.7 million, or 12.8%. The increase in net sales of poultry products resulted from a 13.0% increase in the average sales price of poultry products sold, slightly offset by a 0.1% decrease in the pounds of poultry products sold. During the first quarter of fiscal 2021, the Company sold 1,150.2 million pounds of poultry products, down from 1,151.8 million pounds during the first quarter of fiscal 2020. The decrease in pounds of poultry products sold resulted from a 0.8% decrease in the number of head processed and a 1.1% decrease in the average live weight of poultry processed.
Content analysis
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