Royce & Associates LP cut its position in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,968 shares of the company’s stock after selling 60,222 shares during the quarter. Royce & Associates LP owned approximately 1.55% of Sanderson Farms worth $56,850,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SAFM. Allianz Asset Management GmbH lifted its holdings in Sanderson Farms by 13.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 287,660 shares of the company’s stock worth $46,463,000 after buying an additional 34,490 shares during the period. OxFORD Asset Management LLP lifted its holdings in Sanderson Farms by 604.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 13,828 shares of the company’s stock worth $2,236,000 after buying an additional 11,866 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Sanderson Farms by 13.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 401,800 shares of the company’s stock worth $64,899,000 after buying an additional 47,100 shares during the period. KBC Group NV lifted its holdings in Sanderson Farms by 3.3% in the 3rd quarter. KBC Group NV now owns 29,294 shares of the company’s stock worth $4,702,000 after buying an additional 943 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Sanderson Farms in the 3rd quarter worth approximately $1,179,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

SAFM has been the subject of several research analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $150.00 price objective on shares of Sanderson Farms in a report on Friday, October 13th. Mizuho set a $150.00 price objective on Sanderson Farms and gave the stock a “hold” rating in a report on Monday, October 16th. Morgan Stanley initiated coverage on Sanderson Farms in a report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price objective for the company. J P Morgan Chase & Co cut Sanderson Farms from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $129.00 to $134.00 in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Sanderson Farms presently has a consensus rating of “Hold” and a consensus target price of $135.09.

Sanderson Farms, Inc. (SAFM) opened at $169.76 on Thursday. The company has a market capitalization of $3,840.62, a P/E ratio of 13.61 and a beta of 0.61. Sanderson Farms, Inc. has a one year low of $84.27 and a one year high of $176.43.

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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.

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

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