TD Asset Management Inc. Sells 19,500 Shares of Sanderson Farms, Inc. (SAFM)

TD Asset Management Inc. lowered its stake in Sanderson Farms, Inc. (NASDAQ:SAFM) by 61.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the company’s stock after selling 19,500 shares during the quarter. TD Asset Management Inc. owned about 0.05% of Sanderson Farms worth $1,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. American International Group Inc. lifted its position in Sanderson Farms by 261.3% in the third quarter. American International Group Inc. now owns 54,457 shares of the company’s stock valued at $8,796,000 after buying an additional 39,383 shares during the last quarter. ING Groep NV acquired a new position in Sanderson Farms in the third quarter valued at about $396,000. Rational Advisors LLC acquired a new position in Sanderson Farms in the third quarter valued at about $323,000. Dynamic Technology Lab Private Ltd acquired a new position in Sanderson Farms in the third quarter valued at about $1,834,000. Finally, Macquarie Group Ltd. lifted its position in Sanderson Farms by 8.0% in the third quarter. Macquarie Group Ltd. now owns 18,800 shares of the company’s stock valued at $3,036,000 after buying an additional 1,400 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

A number of research analysts have commented on SAFM shares. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, October 17th. Stephens cut shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 target price on the stock. in a research report on Thursday, August 17th. Morgan Stanley started coverage on shares of Sanderson Farms in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 target price on the stock. Mizuho set a $150.00 target price on shares of Sanderson Farms and gave the company a “hold” rating in a research report 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 research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Sanderson Farms currently has an average rating of “Hold” and an average target price of $135.09.

Shares of Sanderson Farms, Inc. (NASDAQ SAFM) opened at $170.12 on Monday. The stock has a market cap of $3,869.28, a PE ratio of 13.71 and a beta of 0.61. Sanderson Farms, Inc. has a 1 year low of $84.30 and a 1 year high of $176.43.

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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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