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Manufacturers’ Life Insurance Company increased its stake in Pilgrims Pride (NASDAQ:PPC – Get Rating) by 66.9% in the third quarter, according to the company’s latest 13F filing with the SEC. The institutional investor bought 96,640 more shares during the quarter, leaving him with 241,186 shares in the company. Manufacturers’ Life Insurance Company owned his 0.10% of Pilgrims Pride worth $5,552,000 as of the latest filing with the SEC.
Other hedge funds have also recently changed positions in the company. Newbridge Financial Services Group Inc. increased his stake in Pilgrim’s Pride by 158.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,267 of his shares worth $29,000 after purchasing an additional 777 of his shares last quarter. Ronald Blue Trust Inc. increased his stake in Pilgrim’s Pride by 635.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,427 shares worth $45,000 after purchasing an additional 1,233 of his shares last quarter. Captrust Financial Advisors increased its stake in Pilgrim’s Pride by 114.3% in the second quarter. Captrust Financial Advisors now owns 1,479 shares of the company worth $46,000 after purchasing an additional 789 shares last quarter. AdvisorShares Investments LLC purchased new shares in his Pilgrim’s Pride worth $46,000 in the second quarter. Finally, Atlas Capital Advisors LLC purchased a new position in Pilgrim’s Pride stock for $53,000 in the second quarter. Institutional investors and hedge funds own 16.81% of the company’s shares.
Pilgrim’s Pride inventory decreased by 1.2%
PPC shares opened at $24.87 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.55 and a debt to equity ratio of 1.16. The company has a market capitalization of $5.88 billion, a PE ratio of 6.41, a P/E ratio of 2.25 and a beta of 0.96. His 52-week low at Pilgrim’s Pride Co. is $20.23 and his 52-week high is $34.66. The business has a 50-day simple moving average of $24.93 and a 200-day simple moving average of $26.01.
Wall Street Analyst Predicts Growth
Recently, several research firms have considered PPC. Goldman Sachs Group Inc. lowered its price target on Pilgrims Pride from $32.00 to $28.00 and set the company’s rating to Neutral in its research notes on Tuesday, October 18. StockNews.com upgraded Pilgrim’s Pride’s stock to a “strong buy” rating from a “buy” rating in a research report on Tuesday, January 24. Finally, Barclays lowered its price target for Pilgrims Pride shares from $36.00 to $29.00 and set the company’s rating to ‘overweight’ in its research report on Tuesday 25 October. Three investment analysts gave the stock a hold rating, two issued a buy rating, and one gave a strong buy rating. According to MarketBeat, the company’s current consensus rating is “moderate buy” with an average target price of $32.00.
Pilgrims Pride Company Profile
(get rating)
Pilgrim’s Pride Corp. is engaged in the manufacturing, processing, marketing and distribution of fresh, frozen and value-added poultry products to retailers, distributors and food service operators. It operates through the US, UK, Europe and Mexico segments. The company is Lonnie A.
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