Sigma Planning Corp Has $1.20 Million Holdings in Pilgrim's Pride Corporation (NASDAQ:PPC)

Sigma Planning Corp trimmed its stake in shares of Pilgrim's Pride Corporation (NASDAQ:PPC - Free Report) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,005 shares of the company's stock after selling 6,582 shares during the quarter. Sigma Planning Corp's holdings in Pilgrim's Pride were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in shares of Pilgrim's Pride in the fourth quarter valued at approximately $249,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Pilgrim's Pride by 15.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,377,236 shares of the company's stock valued at $62,513,000 after acquiring an additional 180,164 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Pilgrim's Pride by 18.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,066 shares of the company's stock worth $3,154,000 after purchasing an additional 8,638 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Pilgrim's Pride in the 4th quarter worth approximately $551,000. Finally, GAMMA Investing LLC raised its position in Pilgrim's Pride by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 3,189 shares of the company's stock worth $174,000 after purchasing an additional 501 shares during the last quarter. 16.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PPC shares. The Goldman Sachs Group started coverage on shares of Pilgrim's Pride in a research report on Monday, June 23rd. They issued a "neutral" rating and a $50.00 price objective for the company. Wall Street Zen upgraded shares of Pilgrim's Pride from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $48.67.

Pilgrim's Pride Trading Down 0.3%

Shares of PPC traded down $0.12 during trading hours on Friday, reaching $44.94. The stock had a trading volume of 785,091 shares, compared to its average volume of 1,273,963. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.02. Pilgrim's Pride Corporation has a 52 week low of $38.78 and a 52 week high of $57.16. The firm has a 50-day moving average of $46.66 and a 200 day moving average of $49.07. The company has a market cap of $10.66 billion, a P/E ratio of 8.86 and a beta of 0.45.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.05. Pilgrim's Pride had a net margin of 6.72% and a return on equity of 36.95%. The business had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Pilgrim's Pride Corporation will post 5.13 earnings per share for the current fiscal year.

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.