Pilgrim’s Pride Co. (NASDAQ:PPC) Shares Bought by Norden Group LLC

Norden Group LLC raised its stake in Pilgrim’s Pride Co. (NASDAQ:PPC) by 61.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,211 shares of the company’s stock after acquiring an additional 5,798 shares during the quarter. Norden Group LLC’s holdings in Pilgrim’s Pride were worth $690,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PPC. Nisa Investment Advisors LLC lifted its holdings in Pilgrim’s Pride by 97,511.8% in the third quarter. Nisa Investment Advisors LLC now owns 33,188 shares of the company’s stock valued at $1,528,000 after acquiring an additional 33,154 shares during the period. New York State Teachers Retirement System lifted its holdings in Pilgrim’s Pride by 12.9% in the third quarter. New York State Teachers Retirement System now owns 20,731 shares of the company’s stock valued at $955,000 after acquiring an additional 2,367 shares during the period. US Bancorp DE raised its stake in shares of Pilgrim’s Pride by 193.0% during the 3rd quarter. US Bancorp DE now owns 2,795 shares of the company’s stock worth $129,000 after buying an additional 1,841 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Pilgrim’s Pride by 61.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,285 shares of the company’s stock worth $1,349,000 after buying an additional 11,167 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Pilgrim’s Pride during the 3rd quarter worth approximately $27,000. 16.64% of the stock is owned by institutional investors and hedge funds.

Pilgrim’s Pride Stock Up 0.7 %

NASDAQ PPC opened at $54.76 on Tuesday. The business has a fifty day moving average price of $48.51 and a 200 day moving average price of $47.66. Pilgrim’s Pride Co. has a one year low of $31.60 and a one year high of $57.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The company has a market cap of $12.98 billion, a P/E ratio of 12.01 and a beta of 0.82.

Analyst Ratings Changes

Separately, StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Pilgrim’s Pride currently has an average rating of “Hold” and an average price target 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.