LSV Asset Management increased its position in Pilgrim’s Pride Corporation (NASDAQ:PPC) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,195,841 shares of the company’s stock after acquiring an additional 767,317 shares during the quarter. LSV Asset Management owned about 4.10% of Pilgrim’s Pride Corporation worth $223,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pilgrim’s Pride Corporation by 6.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,668 shares of the company’s stock worth $105,000 after acquiring an additional 267 shares during the period. TrimTabs Asset Management LLC increased its holdings in shares of Pilgrim’s Pride Corporation by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 5,016 shares of the company’s stock worth $113,000 after purchasing an additional 2,360 shares during the period. Regentatlantic Capital LLC bought a new position in shares of Pilgrim’s Pride Corporation during the 2nd quarter worth about $220,000. Fox Run Management L.L.C. bought a new position in shares of Pilgrim’s Pride Corporation during the 2nd quarter worth about $246,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in shares of Pilgrim’s Pride Corporation during the 1st quarter worth about $249,000. Hedge funds and other institutional investors own 24.34% of the company’s stock.

PPC has been the topic of several research reports. ValuEngine upgraded shares of Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Jefferies Group LLC set a $25.00 price objective on shares of Pilgrim’s Pride Corporation and gave the stock a “hold” rating in a report on Tuesday, August 15th. BidaskClub downgraded shares of Pilgrim’s Pride Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Finally, BMO Capital Markets restated a “hold” rating and set a $24.00 price objective on shares of Pilgrim’s Pride Corporation in a report on Tuesday, May 16th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.50.

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Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at 28.74 on Thursday. The stock’s 50 day moving average is $26.51 and its 200 day moving average is $23.81. Pilgrim’s Pride Corporation has a 12 month low of $17.15 and a 12 month high of $29.86. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.50 and a beta of 0.13.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11. Pilgrim’s Pride Corporation had a net margin of 6.05% and a return on equity of 49.65%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $0.60 earnings per share. Pilgrim’s Pride Corporation’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Pilgrim’s Pride Corporation will post $2.49 earnings per share for the current fiscal year.

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.

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

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