Russell Investments Group Ltd. grew its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,315 shares of the company’s stock after purchasing an additional 49,802 shares during the quarter. Russell Investments Group Ltd. owned about 1.47% of Sanderson Farms worth $54,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAFM. Koch Industries Inc. purchased a new position in Sanderson Farms in the second quarter worth $309,000. Origin Asset Management LLP purchased a new stake in shares of Sanderson Farms during the second quarter valued at $32,665,000. Alliancebernstein L.P. grew its holdings in shares of Sanderson Farms by 603.4% during the second quarter. Alliancebernstein L.P. now owns 270,004 shares of the company’s stock valued at $31,226,000 after buying an additional 231,621 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Sanderson Farms during the third quarter valued at $28,428,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Sanderson Farms by 77.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 364,262 shares of the company’s stock valued at $58,837,000 after buying an additional 159,179 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Sanderson Farms, Inc. (NASDAQ SAFM) opened at $162.35 on Friday. The stock has a market cap of $3,692.49, a price-to-earnings ratio of 13.08 and a beta of 0.56. Sanderson Farms, Inc. has a 1 year low of $74.07 and a 1 year high of $167.32.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, August 24th. The company reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.62. The company had revenue of $931.90 million during the quarter, compared to the consensus estimate of $921.40 million. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. research analysts forecast that Sanderson Farms, Inc. will post 12.76 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Sanderson Farms in a report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price objective on the stock. KeyCorp assumed coverage on shares of Sanderson Farms in a report on Tuesday, October 31st. They set a “sector weight” rating on the stock. Zacks Investment Research lowered shares of Sanderson Farms from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Mizuho set a $150.00 price objective on shares of Sanderson Farms and gave the company a “hold” rating in a report on Monday, October 16th. Finally, BMO Capital Markets reissued a “hold” rating and set a $150.00 price objective on shares of Sanderson Farms in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $132.00.

In other Sanderson Farms news, Director Robert C. Khayat sold 1,775 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $142.31, for a total value of $252,600.25. Following the completion of the transaction, the director now owns 12,043 shares in the company, valued at $1,713,839.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Fred L. Banks, Jr. sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total transaction of $432,330.00. Following the completion of the transaction, the director now owns 24,948 shares of the company’s stock, valued at approximately $3,595,256.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,400 shares of company stock valued at $771,199. Insiders own 5.66% of the company’s stock.

Sanderson Farms Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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