AXQ Capital LP Has $410,000 Stock Position in Pilgrim's Pride Co. (NASDAQ:PPC)

AXQ Capital LP lowered its stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,026 shares of the company's stock after selling 6,737 shares during the quarter. AXQ Capital LP's holdings in Pilgrim's Pride were worth $410,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in shares of Pilgrim's Pride during the 3rd quarter worth approximately $210,000. Moran Wealth Management LLC acquired a new stake in Pilgrim's Pride during the third quarter worth $247,000. Cerity Partners LLC boosted its stake in Pilgrim's Pride by 4.6% during the third quarter. Cerity Partners LLC now owns 40,000 shares of the company's stock worth $1,842,000 after buying an additional 1,773 shares in the last quarter. Algert Global LLC increased its holdings in Pilgrim's Pride by 63.3% in the 3rd quarter. Algert Global LLC now owns 121,936 shares of the company's stock valued at $5,615,000 after buying an additional 47,264 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of Pilgrim's Pride in the 3rd quarter valued at $158,000. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Pilgrim's Pride Trading Up 1.2 %

NASDAQ:PPC traded up $0.65 during trading hours on Thursday, hitting $53.24. 837,922 shares of the stock were exchanged, compared to its average volume of 1,048,559. The company has a market capitalization of $12.62 billion, a P/E ratio of 11.68 and a beta of 0.71. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $50.46 and its two-hundred day moving average is $48.44. Pilgrim's Pride Co. has a twelve month low of $33.67 and a twelve month high of $57.16.

Pilgrim's Pride Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $6.30 per share. This is a boost from Pilgrim's Pride's previous special dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 3rd.

Pilgrim's Pride Company 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.