Smith Shellnut Wilson LLC ADV lessened its holdings in Sanderson Farms, Inc. (NASDAQ:SAFM) by 40.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,652 shares of the company’s stock after selling 2,495 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Sanderson Farms were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Sanderson Farms by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,903,103 shares of the company’s stock valued at $220,094,000 after purchasing an additional 98,236 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sanderson Farms by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,493,586 shares of the company’s stock worth $172,735,000 after acquiring an additional 119,111 shares during the last quarter. LSV Asset Management boosted its stake in Sanderson Farms by 4.9% during the 2nd quarter. LSV Asset Management now owns 1,130,321 shares of the company’s stock worth $130,721,000 after acquiring an additional 53,200 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Sanderson Farms by 4.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the company’s stock worth $122,311,000 after acquiring an additional 46,600 shares during the last quarter. Finally, State Street Corp boosted its stake in Sanderson Farms by 7.2% during the 2nd quarter. State Street Corp now owns 543,962 shares of the company’s stock worth $62,910,000 after acquiring an additional 36,489 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

Sanderson Farms, Inc. (NASDAQ SAFM) opened at $167.64 on Thursday. Sanderson Farms, Inc. has a one year low of $84.30 and a one year high of $176.43. The firm has a market cap of $3,798.32, a P/E ratio of 13.46 and a beta of 0.61.

Several research analysts recently weighed in on the stock. Mizuho lowered shares of Sanderson Farms from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $151.00 to $160.00 in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 7th. J P Morgan Chase & Co reissued a “neutral” rating and set a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a research note on Thursday, August 24th. Stephens lowered shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 price objective on the stock. in a research note on Thursday, August 17th. Finally, KeyCorp assumed coverage on shares of Sanderson Farms in a research note on Tuesday, October 31st. They set a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $137.40.

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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.

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

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