Legal & General Group Plc increased its position in shares of Pilgrim's Pride Co. (NASDAQ:PPC) by 43.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,953 shares of the company’s stock after purchasing an additional 8,184 shares during the period. Legal & General Group Plc’s holdings in Pilgrim's Pride were worth $766,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LSV Asset Management increased its holdings in Pilgrim's Pride by 8.1% in the 2nd quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock valued at $223,492,000 after acquiring an additional 767,317 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Pilgrim's Pride by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,721 shares of the company’s stock valued at $19,634,000 after acquiring an additional 102,981 shares during the last quarter. State Street Corp increased its holdings in Pilgrim's Pride by 9.7% in the 2nd quarter. State Street Corp now owns 793,321 shares of the company’s stock valued at $17,385,000 after acquiring an additional 70,198 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in Pilgrim's Pride by 595.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 789,357 shares of the company’s stock valued at $17,303,000 after acquiring an additional 675,862 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Pilgrim's Pride by 58.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 789,349 shares of the company’s stock valued at $22,427,000 after acquiring an additional 292,700 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Shares of Pilgrim's Pride Co. (NASDAQ:PPC) opened at $29.71 on Thursday. Pilgrim's Pride Co. has a fifty-two week low of $18.10 and a fifty-two week high of $38.39. The company has a quick ratio of 0.81, a current ratio of 1.65 and a debt-to-equity ratio of 1.49. The firm has a market cap of $7,390.00, a PE ratio of 11.74 and a beta of 0.29.

Pilgrim's Pride (NASDAQ:PPC) last posted its earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.21. Pilgrim's Pride had a net margin of 7.03% and a return on equity of 53.62%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. research analysts anticipate that Pilgrim's Pride Co. will post 2.89 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. BidaskClub downgraded shares of Pilgrim's Pride from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley assumed coverage on shares of Pilgrim's Pride in a report on Friday, November 3rd. They issued an “equal weight” rating and a $30.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Pilgrim's Pride from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Finally, Jefferies Group set a $32.00 target price on shares of Pilgrim's Pride and gave the stock a “hold” rating in a report on Thursday, November 16th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.50.

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Pilgrim's Pride 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 (NASDAQ:PPC)

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