Inceptionr LLC purchased a new stake in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,821 shares of the company's stock, valued at approximately $491,000.
Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Pilgrim's Pride by 1,289.4% in the third quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company's stock valued at $240,621,000 after buying an additional 4,849,147 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Pilgrim's Pride by 903.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,455,513 shares of the company's stock worth $67,026,000 after purchasing an additional 1,310,530 shares during the last quarter. Assetmark Inc. lifted its holdings in Pilgrim's Pride by 145,879.0% during the 3rd quarter. Assetmark Inc. now owns 827,701 shares of the company's stock worth $38,116,000 after buying an additional 827,134 shares in the last quarter. Advisors Preferred LLC bought a new position in Pilgrim's Pride in the 4th quarter valued at $8,601,000. Finally, United Capital Management of KS Inc. acquired a new stake in shares of Pilgrim's Pride in the 3rd quarter valued at $6,277,000. 16.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on PPC shares. Santander initiated coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They set a "neutral" rating on the stock. StockNews.com downgraded shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $45.50.
View Our Latest Stock Report on PPC
Pilgrim's Pride Trading Down 4.2 %
Shares of Pilgrim's Pride stock traded down $2.22 during trading on Wednesday, reaching $51.11. 1,943,697 shares of the company were exchanged, compared to its average volume of 1,151,456. Pilgrim's Pride Co. has a twelve month low of $32.65 and a twelve month high of $57.16. The business has a 50-day moving average price of $49.48 and a 200-day moving average price of $48.09. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 11.21 and a beta of 0.71.
Pilgrim's Pride 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.
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