Sanderson Farms, Inc. (SAFM) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,660 shares of the company’s stock after acquiring an additional 34,490 shares during the quarter. Allianz Asset Management GmbH owned about 1.26% of Sanderson Farms worth $46,463,000 as of its most recent filing with the Securities & Exchange Commission.

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

Sanderson Farms, Inc. (NASDAQ SAFM) opened at $169.76 on Thursday. Sanderson Farms, Inc. has a 1 year low of $84.27 and a 1 year high of $176.43. The firm has a market capitalization of $3,840.62, a price-to-earnings ratio of 13.61 and a beta of 0.61.

Several research firms have recently commented on SAFM. Zacks Investment Research upgraded Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co restated a “neutral” rating and set a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th. Barclays set a $136.00 price objective on Sanderson Farms and gave the company a “hold” rating in a report on Friday, August 25th. Stephens restated an “equal weight” rating and set a $170.00 price objective (up previously from $145.00) on shares of Sanderson Farms in a report on Monday, September 25th. Finally, BMO Capital Markets restated a “market perform” rating and set a $150.00 price objective (up previously from $130.00) on shares of Sanderson Farms in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $135.09.

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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.

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

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