Yousif Capital Management LLC Sells 333 Shares of Pilgrim’s Pride Corporation $PPC

Yousif Capital Management LLC cut its holdings in Pilgrim’s Pride Corporation (NASDAQ:PPC) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,565 shares of the company’s stock after selling 333 shares during the quarter. Yousif Capital Management LLC’s holdings in Pilgrim’s Pride were worth $610,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its stake in Pilgrim’s Pride by 309.4% in the first quarter. Brooklyn Investment Group now owns 651 shares of the company’s stock valued at $35,000 after buying an additional 492 shares in the last quarter. Quarry LP acquired a new stake in shares of Pilgrim’s Pride during the first quarter valued at about $43,000. Ameritas Advisory Services LLC acquired a new stake in shares of Pilgrim’s Pride during the second quarter valued at about $45,000. Raleigh Capital Management Inc. acquired a new stake in shares of Pilgrim’s Pride during the first quarter valued at about $74,000. Finally, Parallel Advisors LLC boosted its stake in shares of Pilgrim’s Pride by 15.7% during the second quarter. Parallel Advisors LLC now owns 1,655 shares of the company’s stock valued at $74,000 after purchasing an additional 224 shares in the last quarter. 16.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on PPC shares. Wall Street Zen lowered Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pilgrim’s Pride in a research note on Wednesday, October 8th. Zacks Research lowered Pilgrim’s Pride from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group cut their price target on Pilgrim’s Pride from $54.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $47.67.

Pilgrim’s Pride Trading Up 1.0%

NASDAQ PPC opened at $38.14 on Thursday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 7.35 and a beta of 0.45. Pilgrim’s Pride Corporation has a 52 week low of $36.90 and a 52 week high of $57.16. The business has a 50 day moving average price of $42.14 and a 200-day moving average price of $46.13. The company has a quick ratio of 0.88, a current ratio of 1.63 and a debt-to-equity ratio of 0.83.

Pilgrim’s Pride (NASDAQ:PPC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.54 by $0.16. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.62 billion. Pilgrim’s Pride had a return on equity of 37.15% and a net margin of 6.81%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, equities analysts expect that Pilgrim’s Pride Corporation will post 5.13 earnings per share for the current fiscal year.

Pilgrim’s Pride Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Wednesday, August 20th.

Pilgrim’s Pride Profile

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.