JPMorgan Chase & Co. lessened its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 6.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,707 shares of the company’s stock after selling 9,946 shares during the period. JPMorgan Chase & Co. owned 0.59% of Sanderson Farms worth $21,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAFM. Strs Ohio grew its position in Sanderson Farms by 180.0% in the 2nd quarter. Strs Ohio now owns 1,400 shares of the company’s stock valued at $161,000 after buying an additional 900 shares in the last quarter. Sei Investments Co. grew its position in Sanderson Farms by 2.3% in the 2nd quarter. Sei Investments Co. now owns 6,058 shares of the company’s stock valued at $701,000 after buying an additional 139 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Sanderson Farms by 8.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 163,142 shares of the company’s stock valued at $18,868,000 after buying an additional 12,347 shares in the last quarter. Arizona State Retirement System grew its position in Sanderson Farms by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 10,484 shares of the company’s stock valued at $1,212,000 after buying an additional 100 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Sanderson Farms by 15.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,497 shares of the company’s stock valued at $520,000 after buying an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Sanderson Farms, Inc. (NASDAQ SAFM) opened at $143.31 on Friday. Sanderson Farms, Inc. has a 12-month low of $87.54 and a 12-month high of $176.43. The firm has a market cap of $3,329.05, a PE ratio of 11.91 and a beta of 0.61.

Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The firm had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $916.07 million. During the same period in the prior year, the company posted $3.36 earnings per share. Sanderson Farms’s quarterly revenue was up 16.3% compared to the same quarter last year. sell-side analysts forecast that Sanderson Farms, Inc. will post 10.73 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. Barclays restated an “equal weight” rating and set a $150.00 price objective (up previously from $136.00) on shares of Sanderson Farms in a research report on Thursday. Mizuho lowered shares of Sanderson Farms from a “buy” rating to a “neutral” rating and raised their price objective for the company from $151.00 to $160.00 in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 7th. J P Morgan Chase & Co restated a “neutral” rating and set a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a research report on Thursday, August 24th. Finally, KeyCorp assumed coverage on shares of Sanderson Farms in a research report on Tuesday, October 31st. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sanderson Farms currently has an average rating of “Hold” and a consensus target price of $138.80.

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Sanderson Farms Company 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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