Gladstone Institutional Advisory LLC purchased a new position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,867 shares of the company's stock, valued at approximately $402,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Pilgrim's Pride during the third quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Pilgrim's Pride during the 3rd quarter worth approximately $34,000. Quarry LP lifted its holdings in shares of Pilgrim's Pride by 295.8% in the 3rd quarter. Quarry LP now owns 946 shares of the company's stock worth $44,000 after purchasing an additional 707 shares during the last quarter. R Squared Ltd acquired a new position in Pilgrim's Pride during the 4th quarter valued at approximately $59,000. Finally, Castleview Partners LLC bought a new position in Pilgrim's Pride during the 3rd quarter worth $86,000. 16.64% of the stock is owned by institutional investors.
Pilgrim's Pride Stock Up 1.8 %
PPC traded up $0.94 during trading on Wednesday, reaching $53.09. 770,251 shares of the stock traded hands, compared to its average volume of 1,107,681. The stock's 50-day simple moving average is $47.63 and its two-hundred day simple moving average is $47.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. Pilgrim's Pride Co. has a fifty-two week low of $28.29 and a fifty-two week high of $57.16. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 11.64 and a beta of 0.82.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on PPC shares. BMO Capital Markets increased their price objective on shares of Pilgrim's Pride from $42.00 to $43.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Barclays lifted 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. Finally, StockNews.com lowered Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $45.50.
Read Our Latest Stock Report on Pilgrim's Pride
Pilgrim's Pride Company Profile
(
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.
Featured Articles
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
