Bridgeway Capital Management Inc. increased its stake in shares of Pilgrim’s Pride Corp. (NASDAQ:PPC) by 9.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,154,500 shares of the company’s stock after buying an additional 99,800 shares during the period. Bridgeway Capital Management Inc. owned approximately 0.45% of Pilgrim’s Pride Corp. worth $29,417,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. raised its stake in Pilgrim’s Pride Corp. by 0.7% in the second quarter. C M Bidwell & Associates Ltd. now owns 62,220 shares of the company’s stock valued at $1,585,000 after buying an additional 415 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Pilgrim’s Pride Corp. by 499.7% in the second quarter. Parametric Portfolio Associates LLC now owns 312,915 shares of the company’s stock valued at $7,973,000 after buying an additional 260,738 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Pilgrim’s Pride Corp. during the second quarter valued at approximately $938,000. Pacer Advisors Inc. raised its stake in Pilgrim’s Pride Corp. by 505.6% in the second quarter. Pacer Advisors Inc. now owns 7,085 shares of the company’s stock valued at $181,000 after buying an additional 5,915 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Pilgrim’s Pride Corp. by 8.2% in the second quarter. Van ECK Associates Corp now owns 201,936 shares of the company’s stock valued at $5,145,000 after buying an additional 15,248 shares during the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

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

Shares of Pilgrim’s Pride Corp. (NASDAQ:PPC) traded down 0.37% during midday trading on Friday, reaching $18.78. 2,940,603 shares of the company’s stock were exchanged. The company’s 50-day moving average is $20.70 and its 200-day moving average is $23.30. Pilgrim’s Pride Corp. has a one year low of $18.28 and a one year high of $27.79. The stock has a market cap of $4.72 billion, a P/E ratio of 11.05 and a beta of 0.07.

Pilgrim’s Pride Corp. (NASDAQ:PPC) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.11. The business earned $2.03 billion during the quarter, compared to analyst estimates of $2.04 billion. Pilgrim’s Pride Corp. had a return on equity of 39.85% and a net margin of 5.42%. Pilgrim’s Pride Corp.’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. Equities analysts expect that Pilgrim’s Pride Corp. will post $1.85 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. TheStreet lowered shares of Pilgrim’s Pride Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Zacks Investment Research raised shares of Pilgrim’s Pride Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. BMO Capital Markets reissued a “hold” rating and issued a $27.00 target price on shares of Pilgrim’s Pride Corp. in a report on Friday, July 29th. Finally, Jefferies Group reduced their target price on shares of Pilgrim’s Pride Corp. from $23.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, October 12th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.11.

About Pilgrim’s Pride Corp.

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

5 Day Chart for NASDAQ:PPC

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