Bessemer Group Inc. lowered its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 26.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,290 shares of the company’s stock after selling 16,243 shares during the quarter. Bessemer Group Inc.’s holdings in Sanderson Farms were worth $4,578,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Sanderson Farms by 17.3% in the 1st quarter. Royal Bank of Canada now owns 33,762 shares of the company’s stock valued at $4,018,000 after purchasing an additional 4,980 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Sanderson Farms by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 103,465 shares of the company’s stock valued at $12,315,000 after purchasing an additional 4,081 shares during the period. Foster & Motley Inc. lifted its stake in shares of Sanderson Farms by 37.8% in the 2nd quarter. Foster & Motley Inc. now owns 7,470 shares of the company’s stock valued at $785,000 after purchasing an additional 2,051 shares during the period. Third Avenue Management LLC acquired a new position in shares of Sanderson Farms in the 2nd quarter valued at $1,621,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of Sanderson Farms in the 2nd quarter valued at $8,129,000. 97.50% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John Bierbusse sold 875 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $109.94, for a total transaction of $96,197.50. Following the completion of the sale, the director now owns 12,086 shares of the company’s stock, valued at $1,328,734.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phil K. Livingston sold 500 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $107.14, for a total transaction of $53,570.00. Following the sale, the director now directly owns 9,682 shares of the company’s stock, valued at approximately $1,037,329.48. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Several brokerages recently commented on SAFM. Buckingham Research set a $95.00 price target on shares of Sanderson Farms and gave the stock a “hold” rating in a report on Wednesday, July 25th. Mizuho set a $105.00 price target on shares of Sanderson Farms and gave the stock a “hold” rating in a report on Wednesday, July 25th. BidaskClub raised shares of Sanderson Farms from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Jefferies Financial Group reissued a “sell” rating and issued a $77.00 price target on shares of Sanderson Farms in a report on Thursday, August 23rd. Finally, Stephens raised shares of Sanderson Farms from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sanderson Farms currently has a consensus rating of “Hold” and a consensus target price of $98.22.

Shares of NASDAQ SAFM opened at $104.17 on Friday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 8.47 and a beta of 0.38. Sanderson Farms, Inc. has a one year low of $95.97 and a one year high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, August 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.17). Sanderson Farms had a return on equity of 9.41% and a net margin of 5.29%. The business had revenue of $852.40 million for the quarter, compared to analysts’ expectations of $871.06 million. During the same period in the previous year, the company earned $5.09 EPS. Sanderson Farms’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, analysts expect that Sanderson Farms, Inc. will post 2.14 earnings per share for the current year.

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About Sanderson Farms

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken in the export markets.

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

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