LGT Fund Management Co Ltd. bought a new stake in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,703 shares of the company's stock, valued at approximately $2,301,000.
Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Pilgrim's Pride during the third quarter worth about $27,000. Quarry LP grew its position 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 purchasing an additional 707 shares during the last quarter. R Squared Ltd acquired a new position in Pilgrim's Pride during the 4th quarter valued at approximately $59,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pilgrim's Pride during the 4th quarter valued at approximately $118,000. Finally, GAMMA Investing LLC raised its holdings in shares of Pilgrim's Pride by 31.9% in the fourth quarter. GAMMA Investing LLC now owns 2,688 shares of the company's stock worth $122,000 after buying an additional 650 shares during the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $45.50.
Read Our Latest Report on Pilgrim's Pride
Pilgrim's Pride Stock Performance
NASDAQ PPC traded up $2.02 on Friday, hitting $54.62. 1,131,166 shares of the company's stock traded hands, compared to its average volume of 1,134,910. The firm has a market capitalization of $12.95 billion, a PE ratio of 11.98 and a beta of 0.82. Pilgrim's Pride Co. has a 1-year low of $32.06 and a 1-year high of $57.16. The firm's 50-day moving average price is $48.94 and its two-hundred day moving average price is $47.81. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75.
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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