13,676 Shares in Pilgrim’s Pride Corporation $PPC Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new position in Pilgrim’s Pride Corporation (NASDAQ:PPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,676 shares of the company’s stock, valued at approximately $615,000.

Several other large investors also recently bought and sold shares of the business. Parallel Advisors LLC increased its position in Pilgrim’s Pride by 15.7% in the second quarter. Parallel Advisors LLC now owns 1,655 shares of the company’s stock worth $74,000 after purchasing an additional 224 shares during the last quarter. Principal Financial Group Inc. increased its position in Pilgrim’s Pride by 0.3% in the first quarter. Principal Financial Group Inc. now owns 93,044 shares of the company’s stock worth $5,072,000 after purchasing an additional 290 shares during the last quarter. Comerica Bank increased its position in Pilgrim’s Pride by 2.9% in the first quarter. Comerica Bank now owns 12,359 shares of the company’s stock worth $674,000 after purchasing an additional 345 shares during the last quarter. Jackson Creek Investment Advisors LLC increased its position in Pilgrim’s Pride by 1.9% in the first quarter. Jackson Creek Investment Advisors LLC now owns 20,417 shares of the company’s stock worth $1,113,000 after purchasing an additional 381 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Pilgrim’s Pride by 46.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,386 shares of the company’s stock worth $76,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Pilgrim’s Pride from $54.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Zacks Research lowered shares of Pilgrim’s Pride from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pilgrim’s Pride in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $47.67.

Pilgrim’s Pride Stock Up 0.2%

NASDAQ PPC opened at $37.36 on Monday. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 7.20 and a beta of 0.45. Pilgrim’s Pride Corporation has a 52 week low of $37.03 and a 52 week high of $57.16. The company has a quick ratio of 0.88, a current ratio of 1.63 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $42.87 and a two-hundred day moving average of $46.33.

Pilgrim’s Pride (NASDAQ:PPC) last issued its earnings results on Wednesday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.16. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.62 billion. Pilgrim’s Pride had a net margin of 6.81% and a return on equity of 37.15%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. On average, analysts predict that Pilgrim’s Pride Corporation will post 5.13 earnings per share for the current year.

Pilgrim’s Pride Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Wednesday, August 20th.

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.