Truvestments Capital LLC Has $287,000 Stake in Pilgrim's Pride Co. (NASDAQ:PPC)

Truvestments Capital LLC grew its position in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) by 1,972.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,320 shares of the company's stock after buying an additional 6,015 shares during the quarter. Truvestments Capital LLC's holdings in Pilgrim's Pride were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its holdings in Pilgrim's Pride by 2.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 34,835 shares of the company's stock worth $1,581,000 after purchasing an additional 841 shares during the last quarter. AGF Management Ltd. acquired a new stake in Pilgrim's Pride in the 4th quarter worth approximately $2,360,000. Moran Wealth Management LLC lifted its holdings in Pilgrim's Pride by 1,259.1% in the 4th quarter. Moran Wealth Management LLC now owns 72,765 shares of the company's stock worth $3,303,000 after purchasing an additional 67,411 shares during the last quarter. Ruffer LLP acquired a new stake in Pilgrim's Pride in the 4th quarter worth approximately $8,381,000. Finally, Inceptionr LLC acquired a new stake in Pilgrim's Pride in the 4th quarter worth approximately $491,000. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PPC. Santander began coverage on Pilgrim's Pride in a report on Wednesday, March 5th. They set a "neutral" rating for the company. StockNews.com lowered Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.50.

Remove Ads

Pilgrim's Pride Stock Performance

PPC opened at $51.11 on Thursday. The stock has a market cap of $12.12 billion, a PE ratio of 11.21 and a beta of 0.71. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. Pilgrim's Pride Co. has a 1 year low of $32.65 and a 1 year high of $57.16. The stock's 50 day simple moving average is $49.60 and its 200-day simple moving average is $48.11.

Pilgrim's Pride 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.