Illinois Municipal Retirement Fund raised its position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 30.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 58,289 shares of the company's stock after acquiring an additional 13,459 shares during the period. Illinois Municipal Retirement Fund's holdings in Pilgrim's Pride were worth $2,646,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Pilgrim's Pride by 4,505.0% during the 3rd quarter. International Assets Investment Management LLC now owns 74,693 shares of the company's stock worth $3,440,000 after purchasing an additional 73,071 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Pilgrim's Pride by 97,511.8% during the third quarter. Nisa Investment Advisors LLC now owns 33,188 shares of the company's stock worth $1,528,000 after acquiring an additional 33,154 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Pilgrim's Pride by 12.9% in the third quarter. New York State Teachers Retirement System now owns 20,731 shares of the company's stock valued at $955,000 after acquiring an additional 2,367 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Pilgrim's Pride in the 3rd quarter valued at about $364,000. Finally, US Bancorp DE grew its position in shares of Pilgrim's Pride by 193.0% in the 3rd quarter. US Bancorp DE now owns 2,795 shares of the company's stock valued at $129,000 after acquiring an additional 1,841 shares during the period. Institutional investors and hedge funds own 16.64% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $45.50.
Read Our Latest Report on Pilgrim's Pride
Pilgrim's Pride Trading Up 0.7 %
NASDAQ:PPC traded up $0.37 on Monday, reaching $54.76. 1,326,857 shares of the stock traded hands, compared to its average volume of 1,128,180. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. Pilgrim's Pride Co. has a 1-year low of $31.60 and a 1-year high of $57.16. The company's 50 day moving average is $48.33 and its 200-day moving average is $47.59. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 12.01 and a beta of 0.82.
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.
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