Sanderson Farms, Inc. (SAFM) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL grew its holdings in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,600 shares of the company’s stock after buying an additional 600 shares during the period. Virginia Retirement Systems ET AL owned 0.07% of Sanderson Farms worth $2,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Sanderson Farms by 6.9% during the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after buying an additional 62 shares during the period. Chicago Partners Investment Group LLC purchased a new position in shares of Sanderson Farms during the second quarter valued at approximately $125,000. PNC Financial Services Group Inc. increased its stake in shares of Sanderson Farms by 144.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock valued at $130,000 after buying an additional 662 shares during the period. Strs Ohio increased its stake in shares of Sanderson Farms by 180.0% during the second quarter. Strs Ohio now owns 1,400 shares of the company’s stock valued at $161,000 after buying an additional 900 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Sanderson Farms by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the company’s stock valued at $173,000 after buying an additional 499 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sanderson Farms, Inc. (SAFM) opened at $172.04 on Monday. Sanderson Farms, Inc. has a 1 year low of $80.75 and a 1 year high of $172.66. The firm has a market capitalization of $3,912.88, a P/E ratio of 13.86 and a beta of 0.60.

Several equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Sanderson Farms in a research note on Friday, November 3rd. They set an “equal weight” rating and a $140.00 target price on the stock. KeyCorp assumed coverage on Sanderson Farms in a research note on Tuesday, October 31st. They set a “sector weight” rating on the stock. Zacks Investment Research cut Sanderson Farms from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Mizuho set a $150.00 price target on Sanderson Farms and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $150.00 price target on shares of Sanderson Farms in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $132.00.

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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.

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

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