20,911 Shares in Pilgrim's Pride Co. (NASDAQ:PPC) Bought by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 20,911 shares of the company's stock, valued at approximately $949,000.

A number of other hedge funds also recently bought and sold shares of the business. CIBC Asset Management Inc acquired a new position in shares of Pilgrim's Pride during the 2nd quarter valued at about $255,000. Victory Capital Management Inc. purchased a new stake in shares of Pilgrim's Pride in the 2nd quarter valued at approximately $3,357,000. Arizona State Retirement System increased its holdings in shares of Pilgrim's Pride by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 13,259 shares of the company's stock worth $510,000 after buying an additional 244 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Pilgrim's Pride during the 2nd quarter valued at approximately $675,000. Finally, Norden Group LLC lifted its holdings in Pilgrim's Pride by 3.6% in the second quarter. Norden Group LLC now owns 9,290 shares of the company's stock valued at $358,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.

Pilgrim's Pride Trading Down 2.5 %

NASDAQ:PPC traded down $1.18 on Tuesday, reaching $45.33. 747,253 shares of the company's stock were exchanged, compared to its average volume of 975,713. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.20 and a beta of 0.84. Pilgrim's Pride Co. has a 52-week low of $26.52 and a 52-week high of $55.50. The company has a quick ratio of 1.27, a current ratio of 1.95 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average of $49.69 and a 200-day moving average of $45.26.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.36. Pilgrim's Pride had a net margin of 5.46% and a return on equity of 29.92%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the firm earned $0.58 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Pilgrim's Pride Co. will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

PPC has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Stephens assumed coverage on shares of Pilgrim's Pride in a research report on Thursday, October 3rd. They issued an "equal weight" rating and a $43.00 target price on the stock. Finally, Barclays lifted their price target on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $45.50.

Pilgrim's Pride Company Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.