Atlantic Trust Group LLC bought a new position in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,487 shares of the company’s stock, valued at approximately $1,209,000.

A number of other large investors have also modified their holdings of the business. Amalgamated Bank boosted its position in Sanderson Farms by 1.4% during 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 period. Advisor Group Inc. boosted its position in Sanderson Farms by 6.9% during 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 period. Sei Investments Co. boosted its position in shares of Sanderson Farms by 2.3% in the second quarter. Sei Investments Co. now owns 6,058 shares of the company’s stock valued at $701,000 after acquiring an additional 139 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Sanderson Farms by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,426 shares of the company’s stock valued at $1,900,000 after acquiring an additional 170 shares during the period. Finally, Formidable Asset Management LLC boosted its position in shares of Sanderson Farms by 1.9% in the second quarter. Formidable Asset Management LLC now owns 9,213 shares of the company’s stock valued at $1,066,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

A number of equities analysts have recently commented on SAFM shares. Zacks Investment Research upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Tuesday, October 17th. Morgan Stanley started coverage on shares of Sanderson Farms in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price objective for the company. Stephens restated an “equal weight” rating and issued a $170.00 price objective (up from $145.00) on shares of Sanderson Farms in a research report on Monday, September 25th. Barclays restated an “equal weight” rating and issued a $150.00 price objective (up from $136.00) on shares of Sanderson Farms in a research report on Thursday, December 14th. Finally, BMO Capital Markets restated a “hold” rating and issued a $140.00 price objective on shares of Sanderson Farms in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Sanderson Farms currently has an average rating of “Hold” and a consensus price target of $137.80.

Shares of Sanderson Farms, Inc. (NASDAQ SAFM) opened at $138.78 on Monday. The firm has a market cap of $3,167.65, a P/E ratio of 11.33 and a beta of 0.61. Sanderson Farms, Inc. has a one year low of $87.54 and a one year high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). The company had revenue of $919.90 million during the quarter, compared to analysts’ expectations of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.36 earnings per share. analysts predict that Sanderson Farms, Inc. will post 10.79 EPS for the current fiscal year.

In related news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.66% of the company’s stock.

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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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