Pilgrim's Pride Co. (NASDAQ:PPC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 106.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,826 shares of the company's stock after acquiring an additional 81,727 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Pilgrim's Pride worth $7,314,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Pilgrim's Pride in the third quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in Pilgrim's Pride during the 3rd quarter worth approximately $29,000. ORG Partners LLC acquired a new stake in shares of Pilgrim's Pride in the 2nd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pilgrim's Pride in the second quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. acquired a new position in Pilgrim's Pride during the third quarter worth $34,000. 16.64% of the stock is owned by institutional investors and hedge funds.

Pilgrim's Pride Trading Down 0.3 %

Shares of Pilgrim's Pride stock traded down $0.13 during trading hours on Tuesday, reaching $51.27. 753,014 shares of the company's stock were exchanged, compared to its average volume of 898,705. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.22 and a beta of 0.82. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. Pilgrim's Pride Co. has a 52-week low of $25.51 and a 52-week high of $55.50. The company has a fifty day moving average of $48.33 and a 200-day moving average of $43.00.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.36. Pilgrim's Pride had a net margin of 5.46% and a return on equity of 29.92%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The company's revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Pilgrim's Pride Co. will post 4.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Argus upped their price target on Pilgrim's Pride from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. BMO Capital Markets lifted their price target on Pilgrim's Pride from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Bank of America cut shares of Pilgrim's Pride from a "buy" rating to a "neutral" rating and set a $47.00 price objective on the stock. in a research note on Thursday, August 15th. Barclays lifted their target price on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, Stephens initiated coverage on shares of Pilgrim's Pride in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $43.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $45.50.

Pilgrim's Pride Company Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.