3,429 Shares in Pilgrim’s Pride Co. (NASDAQ:PPC) Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new stake in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) during the 3rd quarter, Holdings Channel reports. The firm bought 3,429 shares of the company’s stock, valued at approximately $158,000.

A number of other institutional investors also recently added to or reduced their stakes in PPC. CIBC Asset Management Inc raised its stake in shares of Pilgrim’s Pride by 3.3% during the third quarter. CIBC Asset Management Inc now owns 6,836 shares of the company’s stock valued at $315,000 after purchasing an additional 216 shares in the last quarter. Arizona State Retirement System raised its position in shares of Pilgrim’s Pride by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 13,259 shares of the company’s stock worth $510,000 after buying an additional 244 shares in the last quarter. Bayesian Capital Management LP lifted its stake in shares of Pilgrim’s Pride by 2.6% in the 1st quarter. Bayesian Capital Management LP now owns 11,382 shares of the company’s stock worth $391,000 after acquiring an additional 290 shares during the period. Norden Group LLC boosted its holdings in shares of Pilgrim’s Pride by 3.6% in the second quarter. Norden Group LLC now owns 9,290 shares of the company’s stock valued at $358,000 after acquiring an additional 322 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Pilgrim’s Pride by 19.1% during the third quarter. CWM LLC now owns 2,086 shares of the company’s stock valued at $96,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 16.64% of the company’s stock.

Analyst Ratings Changes

PPC has been the subject of a number of research analyst reports. Stephens started coverage on Pilgrim’s Pride in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $43.00 target price for the company. Argus raised their target price on Pilgrim’s Pride from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. 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. Barclays raised their price objective on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on shares of Pilgrim’s Pride from $42.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Pilgrim’s Pride has an average rating of “Hold” and a consensus target price of $45.50.

Pilgrim’s Pride Stock Performance

Pilgrim’s Pride stock opened at $50.48 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.95 and a quick ratio of 1.27. The company has a market cap of $11.97 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.21 and a beta of 0.81. Pilgrim’s Pride Co. has a fifty-two week low of $25.23 and a fifty-two week high of $55.50. The firm’s 50 day simple moving average is $47.65 and its 200-day simple moving average is $42.64.

Pilgrim’s Pride (NASDAQ:PPC) last announced its earnings results on Wednesday, October 30th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.36. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. Pilgrim’s Pride had a net margin of 5.46% and a return on equity of 29.92%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities research analysts predict that Pilgrim’s Pride Co. will post 4.91 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.