Teachers Advisors LLC reduced its position in shares of Pilgrim's Pride Corporation (NASDAQ:PPC) by 20.2% during the third quarter, Holdings Channel reports. The institutional investor owned 167,989 shares of the company's stock after selling 42,530 shares during the period. Teachers Advisors LLC owned 0.07% of Pilgrim's Pride Corporation worth $3,548,000 as of its most recent filing with the SEC. LLC increased its stake in Pilgrim's Pride Corporation by 78.6% in the second quarter. LSV Asset Management now owns 5,659,066 shares of the company's stock worth $119,519,000 after buying an additional 800,444 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Pilgrim's Pride Corporation during the second quarter worth approximately $405,000. Sterling Capital Management LLC now owns 126,135 shares of the company's stock worth $2,765,000 after acquiring an additional 113,245 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Pilgrim's Pride Corporation by 9.5% during the 2nd quarter. The firm's quarterly revenue was up 11.0% compared to the same quarter past year. The deal was funded by a combination of cash, the use of existing credit facilities and debt.
Pilgrim's Pride Corporation (NASDAQ:PPC) traded up 0.69% on Wednesday, hitting $18.98. Shares of JBS reversed early losses and were adding 1.2 percent in late morning trading in São Paulo, arresting concern over revenue losses in a key market. Pilgrim's Pride Corporation has a 1-year low of $17.15 and a 1-year high of $29.86. The company has a 50-day moving average of $26.89 and a 200-day moving average of $23.88. The stock has a market cap of $4.77 billion, a P/E ratio of 11.16 and a beta of -0.01.
Pilgrim's Pride Corporation (NASDAQ:PPC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.11. Pilgrim's Pride Corporation had a net margin of 6.05% and a return on equity of 49.65%. Analysts anticipate that Pilgrim's Pride Corporation will post $2.49 earnings per share for the current fiscal year. During the same quarter in the previous year, the company earned $0.58 EPS.
A number of other analysts have also weighed in on PPC. TheStreet downgraded Pilgrim's Pride Corporation from a "buy" rating to a "hold" rating in a research report on Wednesday, October 26th. Jefferies Group LLC set a $25.00 target price on shares of Pilgrim's Pride Corporation and gave the stock a "hold" rating in a research note on Tuesday, August 15th. The company has an average rating of Buy and a consensus price target of $24.50. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. BMO Capital Markets now has a $24.00 target price on the stock.
Pilgrim's Pride Corporation (Pilgrim's) is a retail food store. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico.