Principal Financial Group Inc. Sells 20,184 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Principal Financial Group Inc. decreased its position in Pilgrim’s Pride Co. (NASDAQ:PPCFree Report) by 12.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 148,351 shares of the company’s stock after selling 20,184 shares during the period. Principal Financial Group Inc.’s holdings in Pilgrim’s Pride were worth $3,387,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Pilgrim’s Pride by 19.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,434 shares of the company’s stock worth $69,460,000 after purchasing an additional 535,544 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Pilgrim’s Pride by 11,280.9% during the 1st quarter. Balyasny Asset Management L.P. now owns 528,416 shares of the company’s stock worth $12,249,000 after purchasing an additional 523,773 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Pilgrim’s Pride by 244.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 694,525 shares of the company’s stock worth $14,925,000 after purchasing an additional 492,934 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Pilgrim’s Pride by 31.4% during the 4th quarter. AQR Capital Management LLC now owns 2,050,308 shares of the company’s stock worth $48,510,000 after purchasing an additional 490,356 shares during the last quarter. Finally, Rheos Capital Works Inc. acquired a new position in shares of Pilgrim’s Pride during the 2nd quarter worth approximately $9,961,000. Institutional investors own 16.43% of the company’s stock.

Pilgrim’s Pride Stock Up 0.8 %

PPC stock opened at $27.14 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.96 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $6.43 billion, a PE ratio of 226.19 and a beta of 0.78. Pilgrim’s Pride Co. has a 1-year low of $19.96 and a 1-year high of $29.02. The business’s 50 day simple moving average is $27.27 and its 200 day simple moving average is $25.65.

Analysts Set New Price Targets

Separately, TheStreet lowered Pilgrim’s Pride from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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Pilgrim’s Pride Profile

(Free Report)

Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally.

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

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