Pilgrim’s Pride Co. (NASDAQ:PPC) Stock Holdings Boosted by Sigma Planning Corp

Sigma Planning Corp lifted its position in Pilgrim’s Pride Co. (NASDAQ:PPC) by 73.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,587 shares of the company’s stock after buying an additional 12,149 shares during the period. Sigma Planning Corp’s holdings in Pilgrim’s Pride were worth $1,298,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Pilgrim’s Pride by 1,289.4% during the third quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company’s stock worth $240,621,000 after buying an additional 4,849,147 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Pilgrim’s Pride by 903.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,455,513 shares of the company’s stock worth $67,026,000 after acquiring an additional 1,310,530 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Pilgrim’s Pride by 145,879.0% in the 3rd quarter. Assetmark Inc. now owns 827,701 shares of the company’s stock worth $38,116,000 after acquiring an additional 827,134 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Pilgrim’s Pride during the fourth quarter worth $8,601,000. Finally, United Capital Management of KS Inc. purchased a new stake in shares of Pilgrim’s Pride during the third quarter valued at $6,277,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

Pilgrim’s Pride Price Performance

NASDAQ PPC opened at $54.00 on Tuesday. The company has a 50 day simple moving average of $47.85 and a 200-day simple moving average of $47.32. Pilgrim’s Pride Co. has a 52-week low of $30.00 and a 52-week high of $57.16. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 11.84 and a beta of 0.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PPC shares. BMO Capital Markets lifted their price target on 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. Barclays lifted their target price on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating, one has assigned 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 “Hold” and a consensus target price 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.