Jackson Creek Investment Advisors LLC Buys New Stake in Pilgrim's Pride Co. (NASDAQ:PPC)

Jackson Creek Investment Advisors LLC bought a new position in Pilgrim's Pride Co. (NASDAQ:PPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,122 shares of the company's stock, valued at approximately $861,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Pilgrim's Pride in the fourth quarter valued at about $30,000. Financial Management Professionals Inc. purchased a new position in Pilgrim's Pride in the fourth quarter valued at about $32,000. Clear Street Markets LLC purchased a new position in Pilgrim's Pride in the third quarter valued at about $50,000. MQS Management LLC acquired a new stake in shares of Pilgrim's Pride during the third quarter valued at about $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pilgrim's Pride by 41.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,191 shares of the company's stock valued at $233,000 after acquiring an additional 2,977 shares in the last quarter. 16.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PPC has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Pilgrim's Pride from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. TheStreet upgraded Pilgrim's Pride from a "c+" rating to a "b+" rating in a research note on Monday, February 26th. Barclays restated an "equal weight" rating and set a $38.00 target price (up from $35.00) on shares of Pilgrim's Pride in a research note on Tuesday, April 16th. Bank of America lifted their price target on Pilgrim's Pride from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Finally, BMO Capital Markets lifted their price target on Pilgrim's Pride from $32.00 to $35.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Pilgrim's Pride presently has an average rating of "Moderate Buy" and a consensus target price of $37.25.

Pilgrim's Pride Stock Down 1.7 %

NASDAQ:PPC traded down $0.63 during mid-day trading on Wednesday, reaching $35.39. The stock had a trading volume of 886,775 shares, compared to its average volume of 674,372. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 0.41 and a beta of 0.82. Pilgrim's Pride Co. has a 1-year low of $19.96 and a 1-year high of $36.47. The stock's 50 day simple moving average is $33.89 and its two-hundred day simple moving average is $29.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 0.89.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.26. Pilgrim's Pride had a return on equity of 12.90% and a net margin of 1.85%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. Pilgrim's Pride's quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Pilgrim's Pride Co. will post 3.01 EPS for the current year.

Insider Buying and Selling at Pilgrim's Pride

In other Pilgrim's Pride news, CEO Fabio Sandri sold 40,000 shares of Pilgrim's Pride stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $33.32, for a total value of $1,332,800.00. Following the completion of the transaction, the chief executive officer now directly owns 257,065 shares in the company, valued at $8,565,405.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 82.63% of the stock is currently owned by insiders.

Pilgrim's Pride Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.