Janus Henderson Group PLC Purchases 780 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Janus Henderson Group PLC raised its holdings in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,860 shares of the company’s stock after purchasing an additional 780 shares during the period. Janus Henderson Group PLC’s holdings in Pilgrim’s Pride were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PPC. Harbor Capital Advisors Inc. bought a new stake in Pilgrim’s Pride in the 3rd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in shares of Pilgrim’s Pride in the third quarter worth approximately $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Pilgrim’s Pride during the third quarter valued at approximately $34,000. ORG Partners LLC bought a new position in Pilgrim’s Pride during the second quarter valued at approximately $32,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pilgrim’s Pride in the second quarter worth approximately $32,000. Institutional investors own 16.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PPC shares. Stephens started coverage on Pilgrim’s Pride in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $43.00 price target on the stock. Argus upped their price target on shares of Pilgrim’s Pride from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. BMO Capital Markets boosted their target price on shares of Pilgrim’s Pride from $42.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.50.

Pilgrim’s Pride Stock Up 0.3 %

PPC opened at $49.96 on Friday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.95. The firm’s fifty day moving average is $49.29 and its 200 day moving average is $43.74. Pilgrim’s Pride Co. has a fifty-two week low of $25.68 and a fifty-two week high of $55.50.

Pilgrim’s Pride (NASDAQ:PPC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.27 by $0.36. Pilgrim’s Pride had a return on equity of 29.92% and a net margin of 5.46%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Pilgrim’s Pride Co. will post 5.12 earnings per share for the current fiscal year.

Pilgrim’s Pride Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.