Sanderson Farms, Inc. (SAFM) Shares Bought by Comerica Bank

Comerica Bank increased its holdings in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 35.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,962 shares of the company’s stock after acquiring an additional 4,196 shares during the period. Comerica Bank owned about 0.07% of Sanderson Farms worth $1,561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Montag A & Associates Inc. grew its position in Sanderson Farms by 9.1% during the 2nd quarter. Montag A & Associates Inc. now owns 6,000 shares of the company’s stock worth $631,000 after acquiring an additional 500 shares during the last quarter. Point View Wealth Management Inc. boosted its position in Sanderson Farms by 7.0% in the 2nd quarter. Point View Wealth Management Inc. now owns 9,066 shares of the company’s stock valued at $953,000 after buying an additional 595 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Sanderson Farms by 4.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 17,277 shares of the company’s stock valued at $1,817,000 after buying an additional 748 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in Sanderson Farms by 4.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 21,992 shares of the company’s stock valued at $2,312,000 after buying an additional 850 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in Sanderson Farms by 5,238.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,121 shares of the company’s stock valued at $118,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.

SAFM stock opened at $112.94 on Tuesday. The firm has a market capitalization of $2.58 billion, a PE ratio of 9.18 and a beta of 0.38. Sanderson Farms, Inc. has a twelve month low of $95.97 and a twelve month high of $176.43.

SAFM has been the topic of a number of recent research reports. ValuEngine upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. BidaskClub upgraded Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Saturday, October 13th. TheStreet lowered Sanderson Farms from a “b” rating to a “c+” rating in a research report on Wednesday, August 29th. Zacks Investment Research reiterated a “hold” rating on shares of Sanderson Farms in a research report on Thursday, November 15th. Finally, Buckingham Research decreased their price objective on Sanderson Farms from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.22.

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Sanderson Farms Company Profile

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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