Clarus Wealth Advisors acquired a new position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,532 shares of the company’s stock, valued at approximately $161,000.
Several other large investors have also modified their holdings of PPC. California Public Employees Retirement System increased its position in shares of Pilgrim’s Pride by 14.6% during the 4th quarter. California Public Employees Retirement System now owns 214,639 shares of the company’s stock worth $6,667,000 after purchasing an additional 27,409 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Pilgrim’s Pride by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 307,571 shares of the company’s stock valued at $9,553,000 after acquiring an additional 54,785 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Pilgrim’s Pride by 611.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 55,817 shares of the company’s stock valued at $1,734,000 after acquiring an additional 47,967 shares during the period. Lazard Asset Management LLC boosted its holdings in Pilgrim’s Pride by 14.9% during the 4th quarter. Lazard Asset Management LLC now owns 351,802 shares of the company’s stock valued at $10,926,000 after acquiring an additional 45,559 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Pilgrim’s Pride by 25.5% during the 4th quarter. Alliancebernstein L.P. now owns 27,769 shares of the company’s stock valued at $863,000 after acquiring an additional 5,650 shares during the period. 23.89% of the stock is owned by hedge funds and other institutional investors.
Get Pilgrim's Pride alerts:Shares of Pilgrim’s Pride traded up $0.66, hitting $20.26, during midday trading on Thursday, according to MarketBeat Ratings. The company had a trading volume of 62,298 shares, compared to its average volume of 1,342,762. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.94 and a current ratio of 1.80. The stock has a market capitalization of $4.88 billion, a PE ratio of 6.97 and a beta of 0.23. Pilgrim’s Pride Co. has a 1 year low of $19.25 and a 1 year high of $38.39.
Pilgrim’s Pride (NASDAQ:PPC) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Pilgrim’s Pride had a return on equity of 44.25% and a net margin of 6.84%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. analysts predict that Pilgrim’s Pride Co. will post 3.04 EPS for the current year.
A number of brokerages recently commented 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 cut Pilgrim’s Pride from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine cut Pilgrim’s Pride from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet cut 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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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