Pilgrim's Pride Co. (NASDAQ:PPC) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 93.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,029 shares of the company's stock after selling 15,303 shares during the period. AlphaQuest LLC's holdings in Pilgrim's Pride were worth $47,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vestcor Inc raised its stake in shares of Pilgrim's Pride by 1.1% during the 3rd quarter. Vestcor Inc now owns 19,783 shares of the company's stock worth $911,000 after purchasing an additional 212 shares during the period. CIBC Asset Management Inc grew its stake in shares of Pilgrim's Pride by 3.3% during the third quarter. CIBC Asset Management Inc now owns 6,836 shares of the company's stock valued at $315,000 after buying an additional 216 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Pilgrim's Pride by 3.2% during the third quarter. Loomis Sayles & Co. L P now owns 13,079 shares of the company's stock worth $602,000 after purchasing an additional 401 shares during the period. Amalgamated Bank increased its position in shares of Pilgrim's Pride by 3.2% during the fourth quarter. Amalgamated Bank now owns 19,033 shares of the company's stock valued at $864,000 after buying an additional 585 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Pilgrim's Pride by 19.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,642 shares of the company's stock valued at $165,000 after acquiring an additional 593 shares during the period. Institutional investors own 16.64% of the company's stock.

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Analyst Upgrades and Downgrades

PPC has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on Pilgrim's Pride from $47.00 to $48.00 and gave the stock a "market perform" rating in a research report on Monday, March 17th. Santander started coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They issued a "neutral" rating on the stock. Finally, StockNews.com lowered shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $46.33.

Pilgrim's Pride Trading Up 3.1 %

Pilgrim's Pride stock traded up $1.55 during trading on Monday, hitting $50.78. The company had a trading volume of 2,049,941 shares, compared to its average volume of 1,044,489. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 11.14 and a beta of 0.71. Pilgrim's Pride Co. has a 1-year low of $33.67 and a 1-year high of $57.16. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. The company's 50 day simple moving average is $50.12 and its 200-day simple moving average is $48.33.

Pilgrim's Pride Increases Dividend

The company also recently announced a special dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $6.30 dividend. This is a boost from Pilgrim's Pride's previous special dividend of $2.75.

Pilgrim's Pride Profile

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.