Assetmark Inc. Purchases 21,575 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Assetmark Inc. increased its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 849,276 shares of the company’s stock after acquiring an additional 21,575 shares during the quarter. Assetmark Inc. owned about 0.36% of Pilgrim’s Pride worth $38,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System raised its holdings in Pilgrim’s Pride by 12.9% during the 3rd quarter. New York State Teachers Retirement System now owns 20,731 shares of the company’s stock worth $955,000 after buying an additional 2,367 shares during the period. US Bancorp DE raised its holdings in Pilgrim’s Pride by 193.0% during the 3rd quarter. US Bancorp DE now owns 2,795 shares of the company’s stock worth $129,000 after buying an additional 1,841 shares during the period. Janney Montgomery Scott LLC raised its holdings in Pilgrim’s Pride by 61.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,285 shares of the company’s stock worth $1,349,000 after buying an additional 11,167 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Pilgrim’s Pride during the 3rd quarter worth approximately $27,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Pilgrim’s Pride by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 87,070 shares of the company’s stock worth $4,010,000 after buying an additional 19,518 shares during the period. Institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Price Performance

NASDAQ PPC opened at $53.38 on Thursday. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. Pilgrim’s Pride Co. has a 12-month low of $31.73 and a 12-month high of $57.16. The company has a market capitalization of $12.66 billion, a PE ratio of 11.71 and a beta of 0.82. The firm’s 50 day moving average is $48.66 and its 200-day moving average is $47.74.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Pilgrim’s Pride currently has a consensus rating of “Hold” and a consensus price target of $45.50.

About Pilgrim’s Pride

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.