Invst LLC purchased a new stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,184 shares of the company's stock, valued at approximately $508,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Neo Ivy Capital Management raised its holdings in Pilgrim's Pride by 175.3% during the fourth quarter. Neo Ivy Capital Management now owns 57,387 shares of the company's stock valued at $2,604,000 after acquiring an additional 36,545 shares during the period. Western Wealth Management LLC bought a new stake in Pilgrim's Pride during the fourth quarter valued at about $240,000. Alpine Global Management LLC bought a new stake in Pilgrim's Pride during the fourth quarter valued at about $298,000. CSS LLC IL raised its holdings in Pilgrim's Pride by 16.7% during the fourth quarter. CSS LLC IL now owns 14,000 shares of the company's stock valued at $635,000 after acquiring an additional 2,000 shares during the period. Finally, Sovereign s Capital Management LLC bought a new stake in Pilgrim's Pride during the fourth quarter valued at about $848,000. 16.64% of the stock is owned by institutional investors.
Pilgrim's Pride Trading Up 0.3%
Shares of NASDAQ:PPC traded up $0.13 during trading hours on Wednesday, hitting $48.45. 969,768 shares of the company's stock traded hands, compared to its average volume of 1,192,298. Pilgrim's Pride Co. has a 1 year low of $33.70 and a 1 year high of $57.16. The business has a fifty day moving average price of $50.78 and a 200-day moving average price of $50.05. The firm has a market capitalization of $11.49 billion, a P/E ratio of 10.63 and a beta of 0.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31.
Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Pilgrim's Pride had a return on equity of 32.83% and a net margin of 6.08%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that Pilgrim's Pride Co. will post 5.13 earnings per share for the current year.
Pilgrim's Pride Increases Dividend
The company also recently declared a special dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were issued a $6.30 dividend. This is a positive change from Pilgrim's Pride's previous special dividend of $2.75. The ex-dividend date of this dividend was Thursday, April 3rd.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on PPC shares. Wall Street Zen downgraded Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets boosted their price target on shares of Pilgrim's Pride from $47.00 to $48.00 and gave the stock a "market perform" rating in a research report on Monday, March 17th. Finally, Santander assumed coverage on shares of Pilgrim's Pride in a research report on Wednesday, March 5th. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $48.40.
Get Our Latest Analysis on PPC
Pilgrim's Pride Company Profile
(
Free Report)
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.
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