Pilgrim’s Pride Corporation (NASDAQ:PPC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Pilgrim’s Pride Corporation (NASDAQ:PPC) by 76.5% in the 1st quarter, HoldingsChannel reports. The fund owned 19,940 shares of the company’s stock after acquiring an additional 8,645 shares during the period. SG Americas Securities LLC’s holdings in Pilgrim’s Pride were worth $1,087,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Xponance Inc. increased its position in Pilgrim’s Pride by 3.7% during the fourth quarter. Xponance Inc. now owns 6,307 shares of the company’s stock worth $286,000 after purchasing an additional 225 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Pilgrim’s Pride by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,207 shares of the company’s stock valued at $327,000 after buying an additional 371 shares during the period. GAMMA Investing LLC increased its holdings in shares of Pilgrim’s Pride by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 3,189 shares of the company’s stock worth $174,000 after buying an additional 501 shares during the last quarter. Amalgamated Bank raised its position in shares of Pilgrim’s Pride by 3.2% in the 4th quarter. Amalgamated Bank now owns 19,033 shares of the company’s stock worth $864,000 after buying an additional 585 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Pilgrim’s Pride by 19.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,642 shares of the company’s stock valued at $165,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Down 0.1%

Shares of PPC opened at $45.90 on Wednesday. Pilgrim’s Pride Corporation has a 12 month low of $34.76 and a 12 month high of $57.16. The stock’s 50-day moving average is $49.43 and its two-hundred day moving average is $49.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 0.88. The stock has a market cap of $10.88 billion, a PE ratio of 9.05 and a beta of 0.48.

Pilgrim’s Pride (NASDAQ:PPC) last announced its earnings results on Wednesday, April 30th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.53 billion. Pilgrim’s Pride had a return on equity of 36.95% and a net margin of 6.72%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. Equities analysts forecast that Pilgrim’s Pride Corporation will post 5.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

PPC has been the subject of a number of research reports. Wall Street Zen downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 29th. BMO Capital Markets increased their target price on shares of Pilgrim’s Pride from $47.00 to $48.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th. Finally, Santander assumed coverage on shares of Pilgrim’s Pride in a report on Wednesday, March 5th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pilgrim’s Pride has a consensus rating of “Hold” and an average price target of $48.40.

About Pilgrim’s Pride

Pilgrim’s Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.