2 weeks Ago By Defense World Staff
Bank of Montreal Can lowered its position in Pilgrim’s Pride Co. (NASDAQ:PPC – Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 9,298 shares of the company’s stock after selling 307 shares during the period. Bank of Montreal Can’s holdings in Pilgrim’s Pride were worth $422,000 at the end of the most recent reporting period. A number of other institutional investors have also made changes to their positions in the business.
Franklin Resources Inc. grew its holdings in Pilgrim’s Pride by 325.8% during the 3rd quarter.
Franklin Resources Inc. now owns 55,071 shares of the company’s stock worth $2,485,000 after acquiring an additional 42,136 shares during the period. Ruffer LLP bought a new stake in shares of Pilgrim’s Pride in the 4th quarter valued at about $8,381,000.
Illinois Municipal Retirement Fund lifted its holdings in Pilgrim’s Pride by 30.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 58,289 shares of the company’s stock valued at $2,646,000 after purchasing an additional 13,459 shares during the last quarter.
Sigma Planning Corp raised its holdings in Pilgrim’s Pride by 73.9% in the 4th quarter. Sigma Planning Corp now owns 28,587 shares of the company’s stock valued at $1,298,000 after acquiring an additional 12,149 shares during the period.
Finally, New Age Alpha Advisors LLC bought a new stake in shares of Pilgrim’s Pride in the fourth quarter valued at about $249,000. 16.64% of the stock is owned by institutional investors.
Pilgrim’s Pride Price PerformanceShares of NASDAQ:PPC opened at $54.52 on Wednesday. Pilgrim’s Pride Co.
has a 1-year low of $33.67 and a 1-year high of $57.16.
The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.
75. The stock has a market cap of $12.94 billion, a PE ratio of 11.
96 and a beta of 0.63. The stock’s fifty day simple moving average is $52.
50 and its two-hundred day simple moving average is $49.73. Pilgrim’s Pride Increases DividendThe firm also recently announced a special dividend, which will be paid on Thursday, April 24th.
Stockholders of record on Thursday, April 3rd will be paid a $6.30 dividend. The ex-dividend date is Thursday, April 3rd.
This is an increase from Pilgrim’s Pride’s previous special dividend of $2.75. Analyst Ratings ChangesA number of brokerages recently commented on PPC.
Santander began coverage on Pilgrim’s Pride in a research report on Wednesday, March 5th. They issued a “neutral” rating on the stock. StockNews.
com lowered shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, BMO Capital Markets boosted their price objective on Pilgrim’s Pride from $47.00 to $48.
00 and gave the company a “market perform” rating in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.
40.Check Out Our Latest Analysis on Pilgrim’s PridePilgrim’s Pride Company Profile (Free Report)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.
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