Pilgrim’s Pride Corporation $PPC Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in Pilgrim’s Pride Corporation (NASDAQ:PPC) by 88.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,002 shares of the company’s stock after selling 22,807 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Pilgrim’s Pride were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CWA Asset Management Group LLC lifted its stake in Pilgrim’s Pride by 363.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 101,158 shares of the company’s stock valued at $4,119,000 after acquiring an additional 79,319 shares during the period. Allianz SE purchased a new position in shares of Pilgrim’s Pride during the second quarter worth $533,000. Inspire Investing LLC raised its holdings in shares of Pilgrim’s Pride by 56.5% during the second quarter. Inspire Investing LLC now owns 25,635 shares of the company’s stock worth $1,153,000 after purchasing an additional 9,256 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in Pilgrim’s Pride by 165.7% during the second quarter. Campbell & CO Investment Adviser LLC now owns 20,579 shares of the company’s stock valued at $926,000 after purchasing an additional 12,834 shares during the period. Finally, CWM LLC boosted its holdings in Pilgrim’s Pride by 289.0% in the third quarter. CWM LLC now owns 93,158 shares of the company’s stock valued at $3,793,000 after purchasing an additional 69,213 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Down 0.2%

NASDAQ:PPC opened at $43.37 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.78 and a debt-to-equity ratio of 0.87. The firm has a market cap of $10.30 billion, a PE ratio of 8.41 and a beta of 0.43. The stock has a fifty day moving average price of $40.45 and a 200 day moving average price of $41.46. Pilgrim’s Pride Corporation has a 12-month low of $35.73 and a 12-month high of $57.16.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pilgrim’s Pride in a research report on Monday, December 29th. Santander upgraded shares of Pilgrim’s Pride from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Pilgrim’s Pride from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Pilgrim’s Pride from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays decreased their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Pilgrim’s Pride currently has a consensus rating of “Hold” and an average price target of $46.33.

About Pilgrim’s Pride

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.