LSV Asset Management boosted its position in Pilgrim’s Pride Corp. (NASDAQ:PPC) by 16.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,659,066 shares of the company’s stock after buying an additional 800,444 shares during the period. LSV Asset Management owned about 2.25% of Pilgrim’s Pride Corp. worth $119,519,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in Pilgrim’s Pride Corp. during the second quarter worth about $36,140,000. Emerald Acquisition Ltd. bought a new stake in Pilgrim’s Pride Corp. during the second quarter worth about $27,950,000. Prudential Financial Inc. increased its stake in Pilgrim’s Pride Corp. by 4,399.6% in the second quarter. Prudential Financial Inc. now owns 1,015,775 shares of the company’s stock worth $25,883,000 after buying an additional 993,200 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Pilgrim’s Pride Corp. during the second quarter worth about $17,698,000. Finally, Boston Partners bought a new stake in Pilgrim’s Pride Corp. during the second quarter worth about $17,379,000. 24.88% of the stock is currently owned by institutional investors.

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

Pilgrim’s Pride Corp. (NASDAQ:PPC) opened at 17.98 on Tuesday. The firm has a market cap of $4.52 billion, a PE ratio of 10.58 and a beta of 0.07. Pilgrim’s Pride Corp. has a one year low of $17.15 and a one year high of $27.79. The company has a 50 day moving average of $20.03 and a 200-day moving average of $22.72.

Pilgrim’s Pride Corp. (NASDAQ:PPC) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. On average, equities research analysts predict that Pilgrim’s Pride Corp. will post $1.85 earnings per share for the current year.

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A number of research firms have recently issued reports on PPC. TheStreet downgraded shares of Pilgrim’s Pride Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Zacks Investment Research raised shares of Pilgrim’s Pride Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Jefferies Group reduced their price target on shares of Pilgrim’s Pride Corp. from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, October 12th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Pilgrim’s Pride Corp. presently has an average rating of “Hold” and a consensus price target 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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