Posted by admin on Aug 24th, 2022 
Aaron Wealth Advisors LLC bought a new stake in shares of Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating) in the 1st quarter, HoldingsChannel reports. The firm bought 7,178 shares of the company’s stock, valued at approximately $286,000.
Several other hedge funds have also bought and sold shares of PPC. Weiss Multi Strategy Advisers LLC lifted its position in Pilgrim’s Pride by 169.5% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 673,870 shares of the company’s stock valued at $19,003,000 after purchasing an additional 423,862 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Pilgrim’s Pride during the first quarter worth approximately $5,547,000. Bank of Nova Scotia raised its stake in shares of Pilgrim’s Pride by 59.5% during the first quarter. Bank of Nova Scotia now owns 571,000 shares of the company’s stock worth $14,332,000 after acquiring an additional 213,000 shares in the last quarter. Boussard & Gavaudan Investment Management LLP raised its stake in shares of Pilgrim’s Pride by 114.6% during the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 298,421 shares of the company’s stock worth $8,317,000 after acquiring an additional 159,370 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Pilgrim’s Pride by 280.9% during the fourth quarter. Qube Research & Technologies Ltd now owns 203,034 shares of the company’s stock worth $5,726,000 after acquiring an additional 149,734 shares in the last quarter. 17.97% of the stock is currently owned by institutional investors.
In other Pilgrim’s Pride news, CEO Fabio Sandri sold 33,471 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $30.06, for a total transaction of $1,006,138.26. Following the transaction, the chief executive officer now directly owns 260,345 shares of the company’s stock, valued at approximately $7,825,970.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 80.36% of the company’s stock.
Several research firms have commented on PPC. Stephens downgraded shares of Pilgrim’s Pride to an “equal weight” rating in a research note on Tuesday, August 9th. TheStreet raised shares of Pilgrim’s Pride from a “c” rating to a “b-” rating in a research note on Wednesday, April 27th. BMO Capital Markets lifted their target price on shares of Pilgrim’s Pride from $30.00 to $36.00 in a research note on Friday, July 29th. Finally, StockNews.com raised shares of Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 3rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.00.
Shares of Pilgrim’s Pride stock opened at $29.56 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $30.67 and its two-hundred day simple moving average is $28.44. The company has a market cap of $7.07 billion, a P/E ratio of 9.69, a PEG ratio of 0.43 and a beta of 0.88. Pilgrim’s Pride Co. has a 12-month low of $20.23 and a 12-month high of $34.66.
Pilgrim’s Pride (NASDAQ:PPC – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.42. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.39 billion. Pilgrim’s Pride had a net margin of 4.42% and a return on equity of 35.26%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. Research analysts anticipate that Pilgrim’s Pride Co. will post 4.14 EPS for the current year.
(Get Rating)
Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally.
Want to see what other hedge funds are holding PPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating).
Receive News & Ratings for Pilgrim’s Pride Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Pilgrim’s Pride and related companies with MarketBeat.com’s FREE daily email newsletter.
Aaron Wealth Advisors LLC Acquires New Holdings in F.N.B. Co. (NYSE:FNB)
31,488 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Aaron Wealth Advisors LLC
About Author
