Shell Asset Management Co. continued to hold its position in shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,489 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Pilgrim’s Pride Corporation were worth $581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Personal Capital Advisors Corp increased its position in shares of Pilgrim’s Pride Corporation by 14.4% in the second quarter. Personal Capital Advisors Corp now owns 581,990 shares of the company’s stock worth $12,757,000 after buying an additional 73,278 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Pilgrim’s Pride Corporation during the second quarter worth about $557,000. Russell Investments Group Ltd. increased its position in shares of Pilgrim’s Pride Corporation by 398.7% in the second quarter. Russell Investments Group Ltd. now owns 79,006 shares of the company’s stock worth $1,733,000 after buying an additional 63,163 shares in the last quarter. Regentatlantic Capital LLC bought a new position in shares of Pilgrim’s Pride Corporation during the second quarter worth about $220,000. Finally, First Midwest Bank Trust Division increased its position in shares of Pilgrim’s Pride Corporation by 2.4% in the second quarter. First Midwest Bank Trust Division now owns 30,961 shares of the company’s stock worth $679,000 after buying an additional 738 shares in the last quarter. Institutional investors and hedge funds own 26.30% of the company’s stock.

Pilgrim’s Pride Corporation (PPC) opened at 26.94 on Monday. Pilgrim’s Pride Corporation has a 52 week low of $17.15 and a 52 week high of $26.96. The company’s 50-day moving average price is $23.25 and its 200 day moving average price is $22.64. The stock has a market capitalization of $6.70 billion, a P/E ratio of 13.59 and a beta of 0.19.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.28 billion. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts expect that Pilgrim’s Pride Corporation will post $2.45 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on PPC. BidaskClub upgraded Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 price target on shares of Pilgrim’s Pride Corporation in a report on Friday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $24.00 price target on shares of Pilgrim’s Pride Corporation in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Pilgrim’s Pride Corporation has a consensus rating of “Buy” and an average target price of $24.50.

Pilgrim’s Pride Corporation Company Profile

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

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

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