Pilgrim’s Pride Corporation (PPC) Stake Increased by Aperio Group LLC

Aperio Group LLC lifted its stake in shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) by 18.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,650 shares of the company’s stock after acquiring an additional 11,498 shares during the quarter. Aperio Group LLC’s holdings in Pilgrim’s Pride Corporation were worth $2,121,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Pilgrim’s Pride Corporation by 662.4% during the 1st quarter. BlackRock Inc. now owns 4,173,974 shares of the company’s stock worth $93,936,000 after purchasing an additional 3,626,463 shares during the last quarter. LSV Asset Management lifted its position in shares of Pilgrim’s Pride Corporation by 8.1% during the 2nd quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock worth $223,492,000 after purchasing an additional 767,317 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Pilgrim’s Pride Corporation by 595.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 789,357 shares of the company’s stock worth $17,303,000 after purchasing an additional 675,862 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Pilgrim’s Pride Corporation during the 2nd quarter worth about $405,000. Finally, Victory Capital Management Inc. lifted its position in shares of Pilgrim’s Pride Corporation by 198.8% during the 2nd quarter. Victory Capital Management Inc. now owns 604,267 shares of the company’s stock worth $13,246,000 after purchasing an additional 402,063 shares during the last quarter. Institutional investors own 24.50% of the company’s stock.

Several equities analysts recently weighed in on PPC shares. BidaskClub cut Pilgrim’s Pride Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Pilgrim’s Pride Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, August 2nd. ValuEngine raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC set a $25.00 price objective on Pilgrim’s Pride Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, BMO Capital Markets reissued a “hold” rating and set a $24.00 price objective on shares of Pilgrim’s Pride Corporation in a research report on Friday, August 25th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.20.

Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at $34.04 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.65 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $8,589.42, a P/E ratio of 13.38 and a beta of 0.21. Pilgrim’s Pride Corporation has a twelve month low of $17.15 and a twelve month high of $35.00.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.77 by $0.21. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Pilgrim’s Pride Corporation had a return on equity of 53.62% and a net margin of 7.03%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. equities research analysts expect that Pilgrim’s Pride Corporation will post 2.77 earnings per share for the current year.

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Pilgrim’s Pride Corporation Company Profile

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

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Institutional Ownership by Quarter for Pilgrim`s Pride Corporation (NASDAQ:PPC)

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