Sanderson Farms, Inc.NASDAQ
Fri, Oct. 7, 12:01 PM
Thu, Sep. 22, 12:47 PM
- Sanderson Farms (SAFM +1.1%) announces it will pay out a special cash dividend of $1.00 per share.
- "We are especially pleased that our operating performance to date in fiscal 2016 and our strong balance sheet have provided this opportunity to declare another special dividend," says CEO Joe Sanderson Jr.
- Source: Press Release
Thu, Sep. 22, 12:47 PM
- Sanderson Farms (NASDAQ:SAFM) declares $0.24/share quarterly dividend, 9.1% increase from prior dividend of $0.22.
- Forward yield 1.0%
- Payable Oct. 18; for shareholders of record Oct. 4; ex-div Sept. 30.
- Additionally, the Board declares special dividend of $1.0/share to be payable along with regular dividend.
Thu, Aug. 25, 7:31 AM
Wed, Aug. 24, 5:30 PM
Thu, Jul. 28, 5:43 PM
Mon, Jul. 11, 2:12 PM
- A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
- The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
- The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
- The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
- Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY, FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
Mon, Jun. 6, 10:04 AM
- BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
- Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
- BMO set a price target of $69 on TSN and PPC caught a $27 PT.
- It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
- Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
Thu, May 26, 7:32 AM
Wed, May 25, 5:30 PM
Mon, May 9, 1:59 PM
- Select food stocks are rallying after commentary from Tyson Foods management points to favorable trends in the industry on the demand and cost side.
- Tyson expects "good" cattle supply for this summer and into 2017. The company delivered improved beef and chicken margins in Q1.
- Meat stocks Sanderson Farms (SAFM +2%), Hormel Foods (HRL +3.3%), and Pilgrim's Pride (PPC +4%) are all solidly higher, while on a broader sector view WhiteWave Foods (WWAV +1.8%) and ConAgra Foods (CAG +1.5%) are also rallying.
- Previously: Tyson Foods at all-time high after earnings dazzle (May 9)
- Previously: Tyson Foods to expand presence on Amazon Fresh (May 9)
Thu, Apr. 28, 11:06 AM
- Sanderson Farms (NASDAQ:SAFM) declares $0.22/share quarterly dividend, in line with previous.
- Forward yield 0.96%
- Payable May 24; for shareholders of record May 10; ex-div May 6.
Tue, Mar. 15, 7:04 AM| Tue, Mar. 15, 7:04 AM | 8 Comments
Sat, Feb. 27, 10:36 AM
- Investors continue to take refuge in consumer staples stocks in a strategy that tips off defensive positioning and accounts for some positive macroeconomic factors that are underpinning volume growth in the sector.
- Consumer staples stocks trading right at their 52-week high include Campbell Soup (NYSE:CPB), Kimberly-Clark (NYSE:KMB), General Mills (NYSE:GIS), Reynolds American (NYSE:RAI), Altria (NYSE:MO), Philip Morris (NYSE:PM), Church & Dwight (NYSE:CHD), Coca-Cola (NYSE:KO), Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SAFM), B&G Foods (NYSE:BGS), and Cott Corporation (NYSE:COT).
- Even Procter & Gamble (NYSE:PG) and Wal-Mart (NYSE:WMT), which acted as drags on consumer staples ETFs last year with their heavy weightings, are outperforming the S&P 500 Index this year.
- Some analysts think political year uncertainty and global ZIRP and NIRP question marks could keep demand for staples strong.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
- Analysis: Consumer Staples ETFs Are Looking More Attractive Than Ever (Feb. 16)
- Prediction time: Which consumer staples stock has the most upside in 2016?
Thu, Feb. 25, 1:25 PM
- Sanderson Farms (SAFM +3.6%), Tyson Food (TSN +1.8%), and Pilgrim's Pride (PPC +3.8%) are all higher after Sanderson reported earnings ahead of estimates.
- Sanderson's report showed that poultry margins are on the rise as stable pricing and lower feed costs factor in. The sector is also starting to lap quarters impacted by the avian flu and export restrictions.
- Side note: All three meat stocks have outperformed the four FANG stock YTD.
- Previously: Sanderson Farms beats by $0.02, beats on revenue (Feb. 25)
Thu, Feb. 25, 7:36 AM
- Sanderson Farms (NASDAQ:SAFM): FQ1 EPS of $0.47 beats by $0.02.
- Revenue of $605.17M (-9.3% Y/Y) beats by $27.89M.
- Shares +1% PM.