Sanctuary Advisors LLC Decreases Stake in Pilgrim's Pride Co. (NASDAQ:PPC)

Sanctuary Advisors LLC lowered its holdings in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,161 shares of the company's stock after selling 5,225 shares during the quarter. Sanctuary Advisors LLC's holdings in Pilgrim's Pride were worth $1,663,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PPC. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 4,849,147 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake 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 buying an additional 1,310,530 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Pilgrim's Pride by 145,879.0% in the 3rd quarter. Assetmark Inc. now owns 827,701 shares of the company's stock valued at $38,116,000 after buying an additional 827,134 shares during the period. Advisors Preferred LLC acquired a new position in Pilgrim's Pride during the 4th quarter worth about $8,601,000. Finally, United Capital Management of KS Inc. purchased a new position in Pilgrim's Pride during the 3rd quarter valued at about $6,277,000. Institutional investors and hedge funds own 16.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PPC. Barclays boosted their price target 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. BMO Capital Markets upped their target price on shares of Pilgrim's Pride from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Pilgrim's Pride from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 22nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the 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 Stock Up 1.1 %

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

Pilgrim's Pride Company Profile

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.