Sei Investments Co. Has $6.67 Million Stock Holdings in Pilgrim's Pride Co. (NASDAQ:PPC)

Sei Investments Co. boosted its position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 146,976 shares of the company's stock after acquiring an additional 11,386 shares during the period. Sei Investments Co. owned about 0.06% of Pilgrim's Pride worth $6,671,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its position in Pilgrim's Pride by 903.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,455,513 shares of the company's stock worth $67,026,000 after purchasing an additional 1,310,530 shares in the last quarter. Geode Capital Management LLC boosted its position in Pilgrim's Pride by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 881,900 shares of the company's stock worth $40,620,000 after purchasing an additional 11,128 shares during the period. Assetmark Inc. raised its position in Pilgrim's Pride by 2.6% in the fourth quarter. Assetmark Inc. now owns 849,276 shares of the company's stock valued at $38,549,000 after purchasing an additional 21,575 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Pilgrim's Pride by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 429,440 shares of the company's stock worth $19,492,000 after purchasing an additional 57,837 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Pilgrim's Pride by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 201,784 shares of the company's stock valued at $9,292,000 after buying an additional 40,908 shares in the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on PPC shares. StockNews.com downgraded shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. BMO Capital Markets raised their target price on Pilgrim's Pride from $47.00 to $48.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Finally, Santander assumed coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They issued a "neutral" rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $46.33.

Pilgrim's Pride Stock Performance

NASDAQ PPC traded down $1.09 during trading hours on Friday, reaching $49.97. The company's stock had a trading volume of 1,741,459 shares, compared to its average volume of 1,093,447. The stock has a market cap of $11.85 billion, a PE ratio of 10.96 and a beta of 0.63. Pilgrim's Pride Co. has a 52 week low of $33.67 and a 52 week high of $57.16. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $51.58 and a 200 day simple moving average of $49.00.

Pilgrim's Pride Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $6.30 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Pilgrim's Pride's previous special dividend of $2.75.

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.