Proficio Capital Partners LLC purchased a new stake in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,799 shares of the company's stock, valued at approximately $626,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Pilgrim's Pride by 1,289.4% in the 3rd quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company's stock valued at $240,621,000 after acquiring an additional 4,849,147 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Pilgrim's Pride by 903.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,455,513 shares of the company's stock valued at $67,026,000 after purchasing an additional 1,310,530 shares during the period. Assetmark Inc. lifted its stake in shares of 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 during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Pilgrim's Pride during the 4th quarter worth about $8,601,000. Finally, United Capital Management of KS Inc. bought a new stake in shares of Pilgrim's Pride during the 3rd quarter worth about $6,277,000. Institutional investors own 16.64% of the company's stock.
Pilgrim's Pride Price Performance
Shares of PPC stock traded down $0.82 during trading on Thursday, hitting $50.29. The company had a trading volume of 890,460 shares, compared to its average volume of 1,153,429. The stock's 50-day moving average price is $49.60 and its 200 day moving average price is $48.11. Pilgrim's Pride Co. has a one year low of $32.82 and a one year 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 firm has a market capitalization of $11.92 billion, a P/E ratio of 11.03 and a beta of 0.71.
Analyst Ratings Changes
Several research analysts have weighed in on PPC shares. StockNews.com cut shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Santander started coverage on Pilgrim's Pride in a report on Wednesday, March 5th. They set a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $45.50.
View Our Latest Stock Report on PPC
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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