Strs Ohio acquires 26,687 shares of Pilgrim’s Pride Co. (NASDAQ: PPC)


Strs Ohio increased its holdings of Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating) stock by 35.4% in the first quarter, Holdings Channel reports. The company held 101,995 shares of the company after purchasing an additional 26,687 shares during the quarter. Strs Ohio’s holdings in Pilgrim’s Pride were worth $2,560,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds also changed their positions in the company. Quent Capital LLC bought a new position in Pilgrim’s Pride stock in the fourth quarter worth about $51,000. Koshinski Asset Management Inc. bought a new position in Pilgrim’s Pride stock in the first quarter valued at around $50,000. Zürcher Kantonalbank Zürcher Kantonalbank increased its stake in Pilgrim’s Pride shares by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,394 shares of the company valued at $152,000 after acquiring 810 additional shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Pilgrim’s Pride stock in the first quarter worth about $180,000. Finally, Gotham Asset Management LLC bought a new position in Pilgrim’s Pride stock in the fourth quarter valued at around $221,000. Hedge funds and other institutional investors own 17.97% of the company’s shares.

In other Pilgrim’s Pride news, CEO Fabio Sandri sold 77,741 shares of Pilgrim’s Pride in a trade on Monday, June 6. The shares were sold at an average price of $34.42, for a total transaction of $2,675,845.22. Following the completion of the sale, the CEO now owns 293,816 shares of the company, valued at approximately $10,113,146.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. 80.54% of the shares are currently held by insiders.

A number of research analysts have recently released PPC stock reports. TheStreet upgraded Pilgrim’s Pride shares from a “c” rating to a “b-” rating in a Wednesday, April 27 research note. Barclays began covering shares of Pilgrim’s Pride in a Monday March 14 report. They issued an “overweight” rating and a price target of $28.00 for the company. Finally, StockNews.com upgraded Pilgrim’s Pride shares from a “buy” rating to a “strong buy” rating in a report on Tuesday, May 3. One analyst rated the stock with a hold rating, three gave the stock a buy rating and one gave the company a strong buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.00.

Shares of Pilgrim’s Pride opened at $30.01 on Friday. The company has a debt ratio of 1.21, a current ratio of 1.53 and a quick ratio of 0.84. The company has a market capitalization of $7.21 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.55 and a beta of 0.93. The company has a 50-day simple moving average of $30.66 and a 200-day simple moving average of $27.82. Pilgrim’s Pride Co. has a fifty-two week minimum of $20.23 and a fifty-two week maximum of $34.66.

Pilgrim’s Pride (NASDAQ:PPC – Get Rating) last reported results on Wednesday, April 27. The company reported EPS of $1.18 for the quarter, beating analyst consensus estimates of $0.65 by $0.53. Pilgrim’s Pride achieved a net margin of 1.34% and a return on equity of 28.00%. The company had revenue of $4.24 billion in the quarter. During the same period of the previous year, the company posted EPS of $0.42. On average, sell-side analysts expect Pilgrim’s Pride Co. to post 3.72 EPS for the current year.

Pilgrim’s Pride Company Profile (Get a rating)

Pilgrim’s Pride Corporation is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and food service operators in the United States, United Kingdom United Kingdom, Mexico, the Middle East and Asia. , Continental Europe and International.

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Want to see which other hedge funds hold PPCs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating).

Institutional ownership by quarter for Pilgrim's Pride (NASDAQ:PPC)



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