DekaBank Deutsche Girozentrale Has $5.18 Million Stake in Pilgrim’s Pride Corporation (PPC)

DekaBank Deutsche Girozentrale grew its position in Pilgrim’s Pride Corporation (NASDAQ:PPC) by 488.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,896 shares of the company’s stock after acquiring an additional 150,970 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Pilgrim’s Pride Corporation worth $5,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Delphi Management Inc. MA raised its stake in Pilgrim’s Pride Corporation by 11.2% in the 2nd quarter. Delphi Management Inc. MA now owns 97,316 shares of the company’s stock worth $2,133,000 after purchasing an additional 9,803 shares in the last quarter. California Public Employees Retirement System raised its stake in Pilgrim’s Pride Corporation by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 169,900 shares of the company’s stock worth $3,724,000 after purchasing an additional 3,600 shares in the last quarter. LSV Asset Management raised its stake in Pilgrim’s Pride Corporation by 8.1% in the 2nd quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock worth $223,492,000 after purchasing an additional 767,317 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Pilgrim’s Pride Corporation by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 792,740 shares of the company’s stock valued at $17,840,000 after buying an additional 71,211 shares during the period. Finally, Chicago Equity Partners LLC increased its holdings in Pilgrim’s Pride Corporation by 44.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 194,290 shares of the company’s stock valued at $4,259,000 after buying an additional 59,670 shares during the period. 24.88% of the stock is owned by institutional investors.

Several equities analysts have commented on PPC shares. BidaskClub raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. ValuEngine raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Morgan Stanley initiated coverage on shares of Pilgrim’s Pride Corporation in a report on Friday, November 3rd. They set an “equal weight” rating and a $30.00 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $24.00 price target on shares of Pilgrim’s Pride Corporation in a report on Friday, August 25th. Finally, Jefferies Group LLC set a $25.00 price target on shares of Pilgrim’s Pride Corporation and gave the company a “hold” rating in a report on Tuesday, August 15th. Six investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.20.

Shares of Pilgrim’s Pride Corporation (NASDAQ PPC) opened at $35.01 on Monday. The company has a market cap of $8,708.82, a PE ratio of 13.57 and a beta of 0.21. Pilgrim’s Pride Corporation has a fifty-two week low of $17.15 and a fifty-two week high of $35.30. The company has a current ratio of 1.65, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.21. Pilgrim’s Pride Corporation 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 prior year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. equities research analysts anticipate that Pilgrim’s Pride Corporation will post 2.85 EPS for the current year.

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Pilgrim’s Pride Corporation 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 Corporation (NASDAQ:PPC)

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