EntryPoint Capital LLC Has $624,000 Holdings in Pilgrim's Pride Co. (NASDAQ:PPC)

EntryPoint Capital LLC lifted its holdings in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 98.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,747 shares of the company's stock after buying an additional 6,809 shares during the quarter. EntryPoint Capital LLC's holdings in Pilgrim's Pride were worth $624,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its stake in Pilgrim's Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company's stock valued at $44,000 after purchasing an additional 707 shares during the period. R Squared Ltd bought a new stake in Pilgrim's Pride during the 4th quarter valued at $59,000. Harbor Capital Advisors Inc. raised its stake in Pilgrim's Pride by 132.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,344 shares of the company's stock valued at $61,000 after acquiring an additional 765 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Pilgrim's Pride during the fourth quarter valued at $118,000. Finally, GAMMA Investing LLC raised its stake in shares of Pilgrim's Pride by 31.9% during the fourth quarter. GAMMA Investing LLC now owns 2,688 shares of the company's stock valued at $122,000 after purchasing an additional 650 shares in the last quarter. 16.64% of the stock is owned by institutional investors and hedge funds.

Pilgrim's Pride Price Performance

Shares of NASDAQ PPC traded up $0.15 during trading on Friday, hitting $53.39. The company had a trading volume of 1,391,412 shares, compared to its average volume of 1,075,164. Pilgrim's Pride Co. has a 52 week low of $33.67 and a 52 week high of $57.16. The business's 50-day moving average is $50.78 and its 200 day moving average is $48.57. The company has a market cap of $12.66 billion, a P/E ratio of 11.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01.

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Pilgrim's Pride Increases Dividend

The business also recently announced a special dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a dividend of $6.30 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Pilgrim's Pride's previous special dividend of $2.75.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PPC. StockNews.com lowered shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Santander initiated coverage on shares of Pilgrim's Pride in a research note on Wednesday, March 5th. They set a "neutral" rating on the stock. Finally, BMO Capital Markets upped 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.33.

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.