GAMMA Investing LLC Has $122,000 Stake in Pilgrim’s Pride Co. (NASDAQ:PPC)

GAMMA Investing LLC grew its holdings in Pilgrim’s Pride Co. (NASDAQ:PPC) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,688 shares of the company’s stock after acquiring an additional 650 shares during the quarter. GAMMA Investing LLC’s holdings in Pilgrim’s Pride were worth $122,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Pilgrim’s Pride in the 3rd quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in shares of Pilgrim’s Pride in the third quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pilgrim’s Pride during the second quarter worth $32,000. Raleigh Capital Management Inc. bought a new stake in Pilgrim’s Pride during the third quarter worth $34,000. Finally, Quarry LP lifted its stake in Pilgrim’s Pride by 295.8% in the third quarter. Quarry LP now owns 946 shares of the company’s stock valued at $44,000 after acquiring an additional 707 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. 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 report on Friday, November 1st. Barclays lifted their price objective 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, Stephens initiated coverage on shares of Pilgrim’s Pride in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $43.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pilgrim’s Pride presently has a consensus rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Price Performance

Shares of NASDAQ:PPC opened at $45.94 on Friday. The firm has a 50 day moving average of $49.60 and a 200-day moving average of $45.27. Pilgrim’s Pride Co. has a 12 month low of $26.52 and a 12 month high of $55.50. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10.89 billion, a PE ratio of 11.10, a PEG ratio of 0.20 and a beta of 0.84.

Pilgrim’s Pride (NASDAQ:PPC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.27 by $0.36. The business had revenue of $4.58 billion during 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 earnings per share. On average, equities research analysts predict that Pilgrim’s Pride Co. will post 5.12 EPS for the current fiscal 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.