Bfsg LLC purchased a new position in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,226 shares of the company's stock, valued at approximately $691,000.
A number of other large investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Pilgrim's Pride during the 3rd quarter worth $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Pilgrim's Pride during the 3rd quarter worth $34,000. Quarry LP increased its holdings in shares of 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 buying an additional 707 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Pilgrim's Pride during the 4th quarter worth $59,000. Finally, Castleview Partners LLC acquired a new stake in shares of Pilgrim's Pride during the 3rd quarter worth $86,000. Hedge funds and other institutional investors own 16.64% of the company's stock.
Pilgrim's Pride Stock Up 2.5 %
Shares of PPC stock traded up $1.29 during trading hours on Friday, hitting $53.13. 1,181,114 shares of the company were exchanged, compared to its average volume of 1,124,842. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. Pilgrim's Pride Co. has a one year low of $28.49 and a one year high of $57.16. The business's 50-day simple moving average is $47.73 and its two-hundred day simple moving average is $47.14. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 11.65 and a beta of 0.82.
Analyst Ratings Changes
PPC has been the subject of several recent research reports. Barclays increased their price target on Pilgrim's Pride from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. BMO Capital Markets increased their price target on Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Finally, StockNews.com downgraded Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Five 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, the stock currently has an average rating of "Hold" and an average target price of $45.50.
Check Out Our Latest Analysis on PPC
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.
Further Reading
Before you consider Pilgrim's Pride, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pilgrim's Pride wasn't on the list.
While Pilgrim's Pride currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
