Point View Wealth Management Inc. cut its position in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,316 shares of the company’s stock after selling 582 shares during the period. Point View Wealth Management Inc.’s holdings in Sanderson Farms were worth $1,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Sanderson Farms by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,903,103 shares of the company’s stock worth $220,094,000 after purchasing an additional 98,236 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 119,111 shares in the last quarter. LSV Asset Management raised its stake in shares of 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 purchasing an additional 53,200 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 46,600 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Sanderson Farms by 7.2% in the 2nd quarter. State Street Corp now owns 543,962 shares of the company’s stock valued at $62,910,000 after acquiring an additional 36,489 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on SAFM. Stephens reissued an “equal weight” rating and issued a $170.00 price objective (up from $145.00) on shares of Sanderson Farms in a research note on Monday, September 25th. Mizuho downgraded Sanderson Farms from a “buy” rating to a “neutral” rating and raised their price objective for the company from $151.00 to $160.00 in a research note on Monday, October 2nd. J P Morgan Chase & Co downgraded Sanderson Farms from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $129.00 to $134.00 in a research note on Friday, October 6th. ValuEngine raised Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Sanderson Farms from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $132.00.

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Sanderson Farms, Inc. (NASDAQ:SAFM) traded down $2.83 on Monday, reaching $162.35. The company’s stock had a trading volume of 410,600 shares, compared to its average volume of 444,107. The firm has a market cap of $3,690.00, a price-to-earnings ratio of 13.08 and a beta of 0.56. Sanderson Farms, Inc. has a 12-month low of $74.07 and a 12-month high of $167.32.

Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, August 24th. The company reported $5.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.47 by $1.62. The firm had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. Sanderson Farms had a return on equity of 22.21% and a net margin of 8.77%. The company’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.42 EPS. sell-side analysts forecast that Sanderson Farms, Inc. will post 12.76 earnings per share for the current fiscal year.

In other news, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total transaction of $432,330.00. Following the sale, the director now owns 24,948 shares of the company’s stock, valued at approximately $3,595,256.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Khayat sold 1,775 shares of Sanderson Farms stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $142.31, for a total value of $252,600.25. Following the sale, the director now directly owns 12,043 shares in the company, valued at approximately $1,713,839.33. The disclosure for this sale can be found here. Insiders sold a total of 5,400 shares of company stock worth $771,199 in the last ninety days. Insiders own 5.66% of the company’s stock.

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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