Landscape Capital Management L.L.C. acquired a new stake in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,147 shares of the company's stock, valued at approximately $551,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC grew its holdings in shares of Pilgrim's Pride by 3.7% during the third quarter. Janus Henderson Group PLC now owns 21,860 shares of the company's stock worth $1,007,000 after purchasing an additional 780 shares during the last quarter. Quarry LP grew its holdings in Pilgrim's Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company's stock worth $44,000 after acquiring an additional 707 shares during the last quarter. Wellington Management Group LLP increased its position in Pilgrim's Pride by 8.0% in the 3rd quarter. Wellington Management Group LLP now owns 36,083 shares of the company's stock valued at $1,662,000 after acquiring an additional 2,682 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Pilgrim's Pride by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 61,311 shares of the company's stock worth $2,820,000 after acquiring an additional 598 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Pilgrim's Pride during the third quarter worth approximately $4,989,000. Institutional investors and hedge funds own 16.64% of the company's stock.
Analyst Ratings Changes
PPC has been the topic of several recent research reports. Santander began coverage on Pilgrim's Pride in a report on Wednesday, March 5th. They issued a "neutral" rating on the stock. StockNews.com downgraded shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Finally, BMO Capital Markets raised their price objective on shares of Pilgrim's Pride from $47.00 to $48.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pilgrim's Pride currently has an average rating of "Hold" and an average target price of $46.33.
View Our Latest Analysis on PPC
Pilgrim's Pride Trading Up 2.1 %
Shares of Pilgrim's Pride stock traded up $1.08 during trading hours on Friday, hitting $52.61. The company's stock had a trading volume of 282,291 shares, compared to its average volume of 1,105,241. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. The stock has a 50 day moving average of $51.96 and a 200 day moving average of $49.26. Pilgrim's Pride Co. has a 12 month low of $33.67 and a 12 month high of $57.16. The company has a market capitalization of $12.48 billion, a PE ratio of 11.54 and a beta of 0.63.
Pilgrim's Pride Increases Dividend
The business also recently disclosed a special dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $6.30 per share. This is a positive change from Pilgrim's Pride's previous special dividend of $2.75. The ex-dividend date is Thursday, April 3rd.
Pilgrim's Pride Profile
(
Free Report)
Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.
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