Dynamic Technology Lab Private Ltd raised its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 141.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,760 shares of the company’s stock after purchasing an additional 13,917 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pilgrim’s Pride were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PPC. LSV Asset Management increased its holdings in shares of Pilgrim’s Pride by 0.9% during the 2nd quarter. LSV Asset Management now owns 10,655,398 shares of the company’s stock valued at $214,493,000 after acquiring an additional 100,132 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Pilgrim’s Pride by 18.5% during the 2nd quarter. BlackRock Inc. now owns 3,148,493 shares of the company’s stock valued at $63,379,000 after acquiring an additional 490,930 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Pilgrim’s Pride by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 982,369 shares of the company’s stock valued at $19,776,000 after acquiring an additional 18,800 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Pilgrim’s Pride by 91.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 968,700 shares of the company’s stock valued at $19,500,000 after acquiring an additional 461,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Pilgrim’s Pride by 127.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 907,277 shares of the company’s stock valued at $18,264,000 after acquiring an additional 509,048 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the company. BidaskClub raised Pilgrim’s Pride from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research lowered Pilgrim’s Pride from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. BMO Capital Markets lowered their price objective on Pilgrim’s Pride to $20.00 and set a “market perform” rating on the stock in a report on Friday, August 3rd. Mizuho set a $27.00 price objective on Pilgrim’s Pride and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Barclays assumed coverage on Pilgrim’s Pride in a report on Monday, July 16th. They set an “overweight” rating and a $27.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.67.

PPC opened at $19.02 on Tuesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 6.58 and a beta of 0.01. The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26. Pilgrim’s Pride Co. has a 12-month low of $16.30 and a 12-month high of $38.39.

Pilgrim’s Pride (NASDAQ:PPC) last released its earnings results on Wednesday, August 1st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.43). The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.74 billion. Pilgrim’s Pride had a net margin of 5.33% and a return on equity of 34.12%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. research analysts expect that Pilgrim’s Pride Co. will post 1.96 EPS for the current fiscal year.

In other Pilgrim’s Pride news, Director Michael L. Cooper bought 2,500 shares of the stock in a transaction on Thursday, August 9th. The shares were purchased at an average price of $17.36 per share, with a total value of $43,400.00. Following the acquisition, the director now directly owns 7,771 shares of the company’s stock, valued at approximately $134,904.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 78.81% of the company’s stock.

Pilgrim’s Pride Company Profile

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.

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

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