Saturna Capital CORP acquired a new position in Sanderson Farms, Inc. (NASDAQ:SAFM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,400 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in Sanderson Farms by 1.4% in the second quarter. Amalgamated Bank now owns 2,748 shares of the company’s stock worth $318,000 after purchasing an additional 39 shares during the last quarter. Advisor Group Inc. boosted its position in Sanderson Farms by 6.9% in the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $112,000 after purchasing an additional 62 shares during the last quarter. Biltmore Wealth Management LLC boosted its position in Sanderson Farms by 1.4% in the second quarter. Biltmore Wealth Management LLC now owns 5,986 shares of the company’s stock worth $692,000 after purchasing an additional 85 shares during the last quarter. Arizona State Retirement System boosted its position in Sanderson Farms by 1.0% in the second quarter. Arizona State Retirement System now owns 10,484 shares of the company’s stock worth $1,212,000 after purchasing an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Sanderson Farms by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,612 shares of the company’s stock worth $1,690,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Sanderson Farms, Inc. (NASDAQ:SAFM) opened at $168.86 on Wednesday. Sanderson Farms, Inc. has a 12-month low of $84.27 and a 12-month high of $176.43. The firm has a market capitalization of $3,930.46, a PE ratio of 13.93 and a beta of 0.61.

Several research analysts have issued reports on the company. Morgan Stanley assumed coverage on Sanderson Farms in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 target price on the stock. KeyCorp assumed coverage on Sanderson Farms in a research report on Tuesday, October 31st. They issued a “sector weight” rating on the stock. Zacks Investment Research cut Sanderson Farms from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. Mizuho set a $150.00 price objective on Sanderson Farms and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $150.00 price objective on shares of Sanderson Farms in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.09.

COPYRIGHT VIOLATION NOTICE: “1,400 Shares in Sanderson Farms, Inc. (SAFM) Acquired by Saturna Capital CORP” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/06/1400-shares-in-sanderson-farms-inc-safm-acquired-by-saturna-capital-corp.html.

About Sanderson Farms

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)

Receive News & Stock Ratings for Sanderson Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms Inc. and related stocks with our FREE daily email newsletter.