The Manufacturers Life Insurance Company boosted its stake in shares of Pilgrim's Pride Co. (NASDAQ:PPC) by 9.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,203 shares of the company’s stock after acquiring an additional 798 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Pilgrim's Pride were worth $201,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PPC. State Street Corp raised its position in shares of Pilgrim's Pride by 3.5% in the first quarter. State Street Corp now owns 723,123 shares of the company’s stock valued at $16,278,000 after buying an additional 24,435 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Pilgrim's Pride by 398.7% in the second quarter. Russell Investments Group Ltd. now owns 79,006 shares of the company’s stock valued at $1,733,000 after buying an additional 63,163 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Pilgrim's Pride by 26.9% in the second quarter. Bessemer Group Inc. now owns 33,164 shares of the company’s stock valued at $727,000 after buying an additional 7,025 shares during the last quarter. Sei Investments Co. raised its position in shares of Pilgrim's Pride by 385.6% in the second quarter. Sei Investments Co. now owns 131,396 shares of the company’s stock valued at $2,881,000 after buying an additional 104,335 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Pilgrim's Pride by 49.8% in the second quarter. Canada Pension Plan Investment Board now owns 47,800 shares of the company’s stock valued at $1,048,000 after buying an additional 15,900 shares during the last quarter. Institutional investors own 24.62% of the company’s stock.

Pilgrim's Pride Co. (NASDAQ:PPC) opened at $35.90 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.65 and a debt-to-equity ratio of 1.49. Pilgrim's Pride Co. has a 12 month low of $17.78 and a 12 month high of $38.39. The company has a market cap of $9,030.00, a P/E ratio of 14.40 and a beta of 0.29.

Pilgrim's Pride (NASDAQ:PPC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.21. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.32 billion. Pilgrim's Pride had a net margin of 7.03% and a return on equity of 53.62%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. sell-side analysts expect that Pilgrim's Pride Co. will post 2.85 EPS for the current year.

A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Pilgrim's Pride from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. KeyCorp assumed coverage on shares of Pilgrim's Pride in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Jefferies Group reiterated a “hold” rating and issued a $27.00 target price (up from $25.00) on shares of Pilgrim's Pride in a research report on Friday, October 6th. ValuEngine upgraded shares of Pilgrim's Pride from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $24.00 price objective on shares of Pilgrim's Pride in a report on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $32.50.

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Pilgrim's Pride Company 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 (NASDAQ:PPC)

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