Sanctuary Advisors LLC Invests $1.86 Million in Pilgrim’s Pride Co. (NASDAQ:PPC)

Sanctuary Advisors LLC bought a new position in Pilgrim’s Pride Co. (NASDAQ:PPC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,386 shares of the company’s stock, valued at approximately $1,860,000.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in Pilgrim’s Pride in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Pilgrim’s Pride in the third quarter valued at $29,000. Raleigh Capital Management Inc. acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pilgrim’s Pride during the 2nd quarter worth about $32,000. Finally, Quarry LP grew its holdings in Pilgrim’s Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after acquiring an additional 707 shares during the last quarter. 16.64% of the stock is currently owned by institutional investors.

Pilgrim’s Pride Trading Down 1.3 %

PPC opened at $47.53 on Friday. Pilgrim’s Pride Co. has a fifty-two week low of $26.07 and a fifty-two week high of $55.50. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.20 and a beta of 0.82. 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 firm has a 50 day simple moving average of $49.60 and a 200 day simple moving average of $44.11.

Pilgrim’s Pride (NASDAQ:PPC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.36. Pilgrim’s Pride had a return on equity of 29.92% and a net margin of 5.46%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Pilgrim’s Pride Co. will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

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

Pilgrim’s Pride Company 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.