Sigma Planning Corp Boosts Stock Holdings in Pilgrim's Pride Co. (NASDAQ:PPC)

Sigma Planning Corp raised its holdings in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 73.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,587 shares of the company's stock after buying an additional 12,149 shares during the quarter. Sigma Planning Corp's holdings in Pilgrim's Pride were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Pilgrim's Pride in the 3rd quarter worth $27,000. Quarry LP grew its stake in shares of Pilgrim's Pride by 295.8% in the 3rd quarter. Quarry LP now owns 946 shares of the company's stock valued at $44,000 after buying an additional 707 shares during the period. R Squared Ltd purchased a new stake in shares of Pilgrim's Pride in the 4th quarter valued at approximately $59,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pilgrim's Pride during the 4th quarter worth approximately $118,000. Finally, GAMMA Investing LLC raised its position in shares of Pilgrim's Pride by 31.9% during the 4th quarter. GAMMA Investing LLC now owns 2,688 shares of the company's stock valued at $122,000 after buying an additional 650 shares during the period. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on PPC. BMO Capital Markets increased their price objective on Pilgrim's Pride from $42.00 to $43.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. StockNews.com upgraded Pilgrim's Pride from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 22nd. Finally, Barclays boosted their price objective on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.50.

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Pilgrim's Pride Trading Up 1.1 %

Shares of NASDAQ PPC traded up $0.58 during trading on Friday, reaching $54.39. The stock had a trading volume of 1,299,391 shares, compared to its average volume of 1,125,949. The business's 50-day moving average price is $48.17 and its 200-day moving average price is $47.48. Pilgrim's Pride Co. has a fifty-two week low of $31.31 and a fifty-two week high of $57.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The company has a market cap of $12.90 billion, a P/E ratio of 11.93 and a beta of 0.82.

About Pilgrim's Pride

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.