19,067 Shares in Pilgrim's Pride Co. (NASDAQ:PPC) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,067 shares of the company's stock, valued at approximately $878,000.

Several other institutional investors have also recently made changes to their positions in PPC. Vanguard Group Inc. increased its stake in shares of Pilgrim's Pride by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,233,961 shares of the company's stock valued at $145,310,000 after buying an additional 136,970 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Pilgrim's Pride by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,225 shares of the company's stock valued at $317,000 after purchasing an additional 1,270 shares during the last quarter. Bayesian Capital Management LP grew its stake in Pilgrim's Pride by 2.6% in the first quarter. Bayesian Capital Management LP now owns 11,382 shares of the company's stock valued at $391,000 after purchasing an additional 290 shares during the last quarter. GAMMA Investing LLC grew its stake in Pilgrim's Pride by 102.9% in the second quarter. GAMMA Investing LLC now owns 1,410 shares of the company's stock valued at $54,000 after purchasing an additional 715 shares during the last quarter. Finally, CWM LLC grew its stake in Pilgrim's Pride by 746.4% in the second quarter. CWM LLC now owns 1,752 shares of the company's stock valued at $67,000 after purchasing an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 16.64% of the company's stock.

Pilgrim's Pride Stock Down 0.5 %

Shares of PPC stock traded down $0.25 during trading hours on Thursday, reaching $50.48. 608,803 shares of the company's stock were exchanged, compared to its average volume of 900,056. Pilgrim's Pride Co. has a 1 year low of $25.23 and a 1 year high of $55.50. The stock has a market cap of $11.97 billion, a PE ratio of 12.19, a PEG ratio of 0.21 and a beta of 0.81. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. The stock's fifty day moving average price is $47.82 and its two-hundred day moving average price is $42.69.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.36. Pilgrim's Pride had a return on equity of 29.92% and a net margin of 5.46%. 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 previous year, the company posted $0.58 earnings per share. The company's revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Pilgrim's Pride Co. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

PPC has been the topic of several analyst reports. Barclays lifted their target price on Pilgrim's Pride from $45.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Bank of America lowered Pilgrim's Pride from a "buy" rating to a "neutral" rating and set a $47.00 target price on the stock. in a research note on Thursday, August 15th. Argus lifted their target price on Pilgrim's Pride from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Stephens started coverage on Pilgrim's Pride in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $43.00 price target on the stock. Finally, BMO Capital Markets boosted 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. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $45.50.

About Pilgrim's Pride

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.