Jupiter Asset Management Ltd. Sells 168,814 Shares of Pilgrim's Pride Co. (NASDAQ:PPC)

Jupiter Asset Management Ltd. trimmed its holdings in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,497 shares of the company's stock after selling 168,814 shares during the quarter. Jupiter Asset Management Ltd. owned 0.15% of Pilgrim's Pride worth $15,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Pilgrim's Pride by 1,289.4% during the 3rd quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company's stock worth $240,621,000 after acquiring an additional 4,849,147 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake 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 in the last quarter. Ruffer LLP acquired a new stake in Pilgrim's Pride during the 4th quarter worth about $8,381,000. Advisors Preferred LLC acquired a new stake in Pilgrim's Pride during the 4th quarter worth about $8,601,000. Finally, Zacks Investment Management purchased a new stake in Pilgrim's Pride during the third quarter valued at about $4,989,000. 16.64% of the stock is owned by institutional investors and hedge funds.

Pilgrim's Pride Stock Down 1.6 %

PPC traded down $0.84 on Thursday, reaching $50.27. 1,212,787 shares of the company traded hands, compared to its average volume of 1,163,629. Pilgrim's Pride Co. has a 52-week low of $32.82 and a 52-week high of $57.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 11.02 and a beta of 0.71. The stock's 50 day moving average price is $49.60 and its 200-day moving average price is $48.11.

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Analyst Ratings Changes

PPC has been the topic of several analyst reports. Santander began coverage on shares of Pilgrim's Pride in a research report on Wednesday, March 5th. They issued a "neutral" rating on the stock. StockNews.com cut 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 MarketBeat, 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 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.