100,102 Shares in Pilgrim’s Pride Corporation $PPC Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in Pilgrim’s Pride Corporation (NASDAQ:PPC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,102 shares of the company’s stock, valued at approximately $4,076,000.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Pilgrim’s Pride by 59.3% in the second quarter. AQR Capital Management LLC now owns 3,776,178 shares of the company’s stock valued at $169,852,000 after purchasing an additional 1,405,251 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Pilgrim’s Pride by 654.6% during the 3rd quarter. Two Sigma Investments LP now owns 631,325 shares of the company’s stock worth $25,708,000 after purchasing an additional 547,663 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pilgrim’s Pride by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,672,728 shares of the company’s stock worth $230,993,000 after purchasing an additional 516,598 shares in the last quarter. Invesco Ltd. grew its stake in shares of Pilgrim’s Pride by 48.6% in the 2nd quarter. Invesco Ltd. now owns 1,459,203 shares of the company’s stock valued at $65,635,000 after buying an additional 477,216 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Pilgrim’s Pride by 18.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,676,194 shares of the company’s stock valued at $108,965,000 after buying an additional 423,690 shares during the period. Institutional investors and hedge funds own 16.64% of the company’s stock.

Pilgrim’s Pride Price Performance

PPC stock opened at $36.74 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.76 and a current ratio of 1.47. The business has a 50-day simple moving average of $41.36 and a two-hundred day simple moving average of $40.18. The company has a market capitalization of $8.73 billion, a P/E ratio of 8.09 and a beta of 0.41. Pilgrim’s Pride Corporation has a 52-week low of $35.73 and a 52-week high of $56.73.

Pilgrim’s Pride (NASDAQ:PPC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Pilgrim’s Pride had a return on equity of 35.15% and a net margin of 5.85%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. Research analysts expect that Pilgrim’s Pride Corporation will post 5.13 EPS for the current fiscal year.

Insider Transactions at Pilgrim’s Pride

In other Pilgrim’s Pride news, CFO Matthew R. Galvanoni sold 6,963 shares of Pilgrim’s Pride stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.52, for a total transaction of $303,029.76. Following the transaction, the chief financial officer directly owned 91,397 shares of the company’s stock, valued at $3,977,597.44. The trade was a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 82.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PPC shares. BMO Capital Markets upped their price target on Pilgrim’s Pride from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Santander raised Pilgrim’s Pride from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Wall Street Zen downgraded Pilgrim’s Pride from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Barclays lowered their target price on Pilgrim’s Pride from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Finally, Zacks Research cut Pilgrim’s Pride from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.33.

Pilgrim’s Pride Company Profile

Pilgrim’s Pride Corporation is a leading poultry producer in the United States and Mexico and a wholly owned subsidiary of JBS SA Headquartered in Greeley, Colorado, and Pittsburg, Texas, the company specializes in the production, processing and distribution of fresh, frozen and value-added chicken products. Pilgrim’s Pride serves a diverse customer base that includes retail grocery chains, foodservice distributors and restaurant operators across North America and in select international markets.

The company’s vertically integrated operations encompass breeding, hatching, feed milling, processing plants and cold storage facilities.