Pilgrim's Pride Co. (NASDAQ:PPC - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $56.31 and last traded at $55.02, with a volume of 352669 shares trading hands. The stock had previously closed at $52.05.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. StockNews.com cut Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Friday. BMO Capital Markets lifted their price target on shares of Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Finally, Barclays upped their price objective on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Pilgrim's Pride currently has a consensus rating of "Hold" and an average target price of $45.50.
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Pilgrim's Pride Trading Down 3.2 %
The company's 50-day moving average is $47.63 and its 200-day moving average is $47.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.95. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.20 and a beta of 0.82.
Hedge Funds Weigh In On Pilgrim's Pride
A number of large investors have recently modified their holdings of PPC. Vestcor Inc raised its position in Pilgrim's Pride by 1.1% in the 3rd quarter. Vestcor Inc now owns 19,783 shares of the company's stock worth $911,000 after purchasing an additional 212 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Pilgrim's Pride by 3.3% during the third quarter. CIBC Asset Management Inc now owns 6,836 shares of the company's stock worth $315,000 after acquiring an additional 216 shares during the last quarter. Xponance Inc. lifted its stake in shares of Pilgrim's Pride by 3.7% during the fourth quarter. Xponance Inc. now owns 6,307 shares of the company's stock valued at $286,000 after acquiring an additional 225 shares during the period. CWM LLC boosted its holdings in Pilgrim's Pride by 19.1% in the third quarter. CWM LLC now owns 2,086 shares of the company's stock valued at $96,000 after acquiring an additional 334 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Pilgrim's Pride by 3.2% in the third quarter. Loomis Sayles & Co. L P now owns 13,079 shares of the company's stock valued at $602,000 after acquiring an additional 401 shares during the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.
Pilgrim's Pride Company Profile
(
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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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