KAMES CAPITAL plc acquired a new position in Pilgrim’s Pride Co. (NASDAQ:PPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,354 shares of the company’s stock, valued at approximately $1,073,000.
Other large investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in Pilgrim’s Pride by 12.6% during the fourth quarter. LPL Financial LLC now owns 18,164 shares of the company’s stock worth $564,000 after buying an additional 2,030 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Pilgrim’s Pride by 8.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 37,005 shares of the company’s stock worth $1,149,000 after buying an additional 2,987 shares during the period. Alps Advisors Inc. lifted its holdings in Pilgrim’s Pride by 20.9% during the first quarter. Alps Advisors Inc. now owns 19,615 shares of the company’s stock worth $483,000 after buying an additional 3,385 shares during the period. Advisors Preferred LLC purchased a new stake in Pilgrim’s Pride during the first quarter worth $100,000. Finally, Glenmede Trust Co. NA lifted its holdings in Pilgrim’s Pride by 96.9% during the fourth quarter. Glenmede Trust Co. NA now owns 8,361 shares of the company’s stock worth $259,000 after buying an additional 4,115 shares during the period. 23.89% of the stock is currently owned by institutional investors.
Shares of PPC opened at $19.31 on Thursday. Pilgrim’s Pride Co. has a 12 month low of $19.24 and a 12 month high of $38.39. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 1.29. The firm has a market cap of $5.02 billion, a PE ratio of 6.68 and a beta of 0.23.
Pilgrim’s Pride (NASDAQ:PPC) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Pilgrim’s Pride had a return on equity of 44.25% and a net margin of 6.84%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts forecast that Pilgrim’s Pride Co. will post 2.56 earnings per share for the current year.
A number of research firms have weighed in on PPC. BidaskClub upgraded Pilgrim’s Pride from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. Zacks Investment Research lowered Pilgrim’s Pride from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine lowered Pilgrim’s Pride from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet lowered Pilgrim’s Pride from a “b-” rating to a “c” rating in a report on Thursday, May 10th. Finally, Mizuho restated a “buy” rating and set a $28.00 target price on shares of Pilgrim’s Pride in a report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.80.
Pilgrim’s Pride Profile
Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.
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