Evanston Investments Inc. dba Evanston Advisors Has $4.39 Million Holdings in Sanderson Farms, Inc. (SAFM)

Evanston Investments Inc. dba Evanston Advisors lowered its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,174 shares of the company’s stock after selling 3,106 shares during the quarter. Evanston Investments Inc. dba Evanston Advisors owned 0.12% of Sanderson Farms worth $4,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of Sanderson Farms by 18.0% in the 2nd quarter. Prudential Financial Inc. now owns 412,379 shares of the company’s stock valued at $47,691,000 after purchasing an additional 62,820 shares in the last quarter. Koch Industries Inc. acquired a new position in Sanderson Farms during the second quarter worth $309,000. Aperio Group LLC raised its position in Sanderson Farms by 28.6% during the third quarter. Aperio Group LLC now owns 22,899 shares of the company’s stock worth $3,699,000 after acquiring an additional 5,091 shares during the period. Legal & General Group Plc raised its position in Sanderson Farms by 9.6% during the second quarter. Legal & General Group Plc now owns 40,443 shares of the company’s stock worth $4,681,000 after acquiring an additional 3,559 shares during the period. Finally, Aull & Monroe Investment Management Corp acquired a new position in Sanderson Farms during the third quarter worth $363,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Sanderson Farms, Inc. (SAFM) opened at $168.86 on Wednesday. Sanderson Farms, Inc. has a one year low of $84.27 and a one year high of $176.43. The firm has a market cap of $3,930.46, a PE ratio of 13.93 and a beta of 0.61.

SAFM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Tuesday, October 17th. Stephens reissued an “equal weight” rating and issued a $170.00 price objective (up previously from $145.00) on shares of Sanderson Farms in a research note on Monday, September 25th. Morgan Stanley started coverage on shares of Sanderson Farms in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price objective for the company. Mizuho set a $150.00 price objective on shares of Sanderson Farms and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $150.00 target price on shares of Sanderson Farms in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Sanderson Farms currently has a consensus rating of “Hold” and a consensus target price 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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