Semanteon Capital Management LP Has $1.14 Million Holdings in Pilgrim’s Pride Co. (NASDAQ:PPC)

Semanteon Capital Management LP decreased its holdings in Pilgrim’s Pride Co. (NASDAQ:PPC) by 22.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,679 shares of the company’s stock after selling 7,039 shares during the period. Semanteon Capital Management LP’s holdings in Pilgrim’s Pride were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of Pilgrim’s Pride in the third quarter worth $29,000. Raleigh Capital Management Inc. bought a new stake in Pilgrim’s Pride during the third quarter valued at $34,000. ORG Partners LLC bought a new stake in Pilgrim’s Pride during the second quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pilgrim’s Pride during the second quarter valued at $32,000. Finally, Headlands Technologies LLC bought a new stake in Pilgrim’s Pride during the first quarter valued at $38,000. Institutional investors own 16.64% of the company’s stock.

Insider Buying and Selling at Pilgrim’s Pride

In other Pilgrim’s Pride news, CEO Fabio Sandri sold 65,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total value of $2,892,500.00. Following the completion of the sale, the chief executive officer now owns 279,565 shares in the company, valued at approximately $12,440,642.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew R. Galvanoni sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $43.31, for a total transaction of $281,515.00. Following the completion of the transaction, the chief financial officer now directly owns 51,750 shares of the company’s stock, valued at $2,241,292.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fabio Sandri sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total transaction of $2,892,500.00. Following the transaction, the chief executive officer now directly owns 279,565 shares of the company’s stock, valued at $12,440,642.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 82.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PPC. Barclays upped their price target on shares of Pilgrim’s Pride from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Stephens began coverage on shares of Pilgrim’s Pride in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $43.00 price target on the stock. Bank of America cut shares of Pilgrim’s Pride from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Thursday, August 15th. Argus increased their price objective on shares of Pilgrim’s Pride from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $46.00 price objective on shares of Pilgrim’s Pride in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pilgrim’s Pride presently has a consensus rating of “Hold” and an average target price of $45.33.

Pilgrim’s Pride Stock Up 1.0 %

Shares of PPC traded up $0.47 on Monday, reaching $46.68. The company’s stock had a trading volume of 27,266 shares, compared to its average volume of 884,857. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.85. Pilgrim’s Pride Co. has a twelve month low of $24.75 and a twelve month high of $49.07. The stock has a market capitalization of $11.06 billion, a PE ratio of 22.66, a PEG ratio of 0.23 and a beta of 0.82. The firm has a fifty day moving average of $44.54 and a 200-day moving average of $40.28.

Pilgrim’s Pride (NASDAQ:PPC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.62 billion. Pilgrim’s Pride had a net margin of 4.25% and a return on equity of 25.06%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities analysts predict that Pilgrim’s Pride Co. will post 4.79 EPS for the current year.

Pilgrim’s Pride Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.