Ruffer LLP acquired a new stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 184,649 shares of the company's stock, valued at approximately $8,381,000. Ruffer LLP owned 0.08% of Pilgrim's Pride as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in Pilgrim's Pride by 12.9% during the 3rd quarter. New York State Teachers Retirement System now owns 20,731 shares of the company's stock valued at $955,000 after purchasing an additional 2,367 shares in the last quarter. US Bancorp DE raised its holdings in Pilgrim's Pride by 193.0% in the 3rd quarter. US Bancorp DE now owns 2,795 shares of the company's stock worth $129,000 after purchasing an additional 1,841 shares during the period. Janney Montgomery Scott LLC grew its holdings in Pilgrim's Pride by 61.6% during the third quarter. Janney Montgomery Scott LLC now owns 29,285 shares of the company's stock valued at $1,349,000 after purchasing an additional 11,167 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Pilgrim's Pride in the 3rd quarter worth approximately $27,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Pilgrim's Pride by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 87,070 shares of the company's stock worth $4,010,000 after buying an additional 19,518 shares during the period. Institutional investors own 16.64% of the company's stock.
Analyst Ratings Changes
PPC has been the topic of several recent analyst reports. Santander initiated coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They set a "neutral" rating on the stock. StockNews.com cut shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.50.
Read Our Latest Stock Report on PPC
Pilgrim's Pride Price Performance
Shares of NASDAQ PPC traded down $0.84 during trading on Thursday, hitting $50.27. The company had a trading volume of 1,212,787 shares, compared to its average volume of 1,163,629. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 11.02 and a beta of 0.71. Pilgrim's Pride Co. has a fifty-two week low of $32.82 and a fifty-two week high of $57.16. The stock has a fifty day simple moving average of $49.60 and a two-hundred day simple moving average of $48.11. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.
About Pilgrim's Pride
(
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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