Truvestments Capital LLC Purchases 6,015 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Truvestments Capital LLC increased its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 1,972.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,320 shares of the company’s stock after buying an additional 6,015 shares during the period. Truvestments Capital LLC’s holdings in Pilgrim’s Pride were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Pilgrim’s Pride by 325.8% in the third quarter. Franklin Resources Inc. now owns 55,071 shares of the company’s stock valued at $2,485,000 after acquiring an additional 42,136 shares during the period. Ruffer LLP bought a new stake in Pilgrim’s Pride in the fourth quarter valued at $8,381,000. Illinois Municipal Retirement Fund grew its position in Pilgrim’s Pride by 30.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 58,289 shares of the company’s stock valued at $2,646,000 after acquiring an additional 13,459 shares during the period. Sigma Planning Corp grew its position in Pilgrim’s Pride by 73.9% in the fourth 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, Norden Group LLC grew its position in Pilgrim’s Pride by 61.6% in the fourth quarter. Norden Group LLC now owns 15,211 shares of the company’s stock valued at $690,000 after acquiring an additional 5,798 shares during the period. 16.64% of the stock is currently owned by institutional investors.

Pilgrim’s Pride Price Performance

Shares of PPC stock opened at $51.11 on Thursday. The stock’s fifty day moving average is $49.60 and its 200-day moving average is $48.11. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The stock has a market capitalization of $12.12 billion, a PE ratio of 11.21 and a beta of 0.71. Pilgrim’s Pride Co. has a 52 week low of $32.65 and a 52 week high of $57.16.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PPC shares. Santander started coverage on Pilgrim’s Pride in a research report on Wednesday, March 5th. They issued a “neutral” rating on the stock. StockNews.com cut Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently 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.