South Dakota Investment Council Has $4.11 Million Position in Pilgrim's Pride Co. (NASDAQ:PPC)

South Dakota Investment Council cut its stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,519 shares of the company's stock after selling 42,366 shares during the quarter. South Dakota Investment Council's holdings in Pilgrim's Pride were worth $4,109,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its position in Pilgrim's Pride by 34.8% in the third quarter. Blue Trust Inc. now owns 3,197 shares of the company's stock worth $147,000 after purchasing an additional 825 shares during the period. International Assets Investment Management LLC grew its position in shares of Pilgrim's Pride by 4,505.0% during the 3rd quarter. International Assets Investment Management LLC now owns 74,693 shares of the company's stock worth $3,440,000 after buying an additional 73,071 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Pilgrim's Pride during the 3rd quarter worth about $274,000. Highland Capital Management LLC grew its position in shares of Pilgrim's Pride by 459.8% during the 3rd quarter. Highland Capital Management LLC now owns 33,244 shares of the company's stock worth $1,531,000 after buying an additional 27,305 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Pilgrim's Pride by 97,511.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,188 shares of the company's stock worth $1,528,000 after buying an additional 33,154 shares during the period. 16.64% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on PPC shares. StockNews.com upgraded Pilgrim's Pride from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 22nd. BMO Capital Markets boosted their target price on Pilgrim's Pride from $42.00 to $43.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Finally, Barclays boosted their target price on Pilgrim's Pride from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $45.50.

Pilgrim's Pride Stock Down 0.7 %

NASDAQ PPC traded down $0.38 during trading on Thursday, hitting $53.81. The stock had a trading volume of 805,057 shares, compared to its average volume of 1,121,396. The company has a market capitalization of $12.76 billion, a PE ratio of 11.80 and a beta of 0.82. The company's 50-day moving average price is $48.04 and its two-hundred day moving average price is $47.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. Pilgrim's Pride Co. has a 12 month low of $31.31 and a 12 month high of $57.16.

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.