Pilgrim’s Pride Co. (NASDAQ:PPC) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,642 shares of the company’s stock after buying an additional 593 shares during the period. Smartleaf Asset Management LLC’s holdings in Pilgrim’s Pride were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Pilgrim’s Pride in the 3rd quarter valued at $27,000. Quarry LP increased its holdings in Pilgrim’s Pride by 295.8% in the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock valued at $44,000 after purchasing an additional 707 shares in the last quarter. R Squared Ltd acquired a new stake in Pilgrim’s Pride in the 4th quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pilgrim’s Pride in the 4th quarter valued at $118,000. Finally, GAMMA Investing LLC increased its holdings in Pilgrim’s Pride by 31.9% in the 4th quarter. GAMMA Investing LLC now owns 2,688 shares of the company’s stock valued at $122,000 after purchasing an additional 650 shares in the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Pilgrim’s Pride Stock Down 1.5 %

Shares of Pilgrim’s Pride stock opened at $52.60 on Friday. The business has a 50-day moving average of $48.80 and a 200-day moving average of $47.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. The company has a market capitalization of $12.47 billion, a PE ratio of 11.54 and a beta of 0.82. Pilgrim’s Pride Co. has a 1-year low of $31.77 and a 1-year high of $57.16.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Pilgrim’s Pride has an average rating of “Hold” and an average target price 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.