Farther Finance Advisors LLC Sells 3,138 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Farther Finance Advisors LLC lowered its position in Pilgrim’s Pride Co. (NASDAQ:PPC) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the company’s stock after selling 3,138 shares during the quarter. Farther Finance Advisors LLC’s holdings in Pilgrim’s Pride were worth $120,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP lifted its position in shares of Pilgrim’s Pride by 295.8% in 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 period. R Squared Ltd bought a new stake in shares of Pilgrim’s Pride in the 4th quarter worth approximately $59,000. Harbor Capital Advisors Inc. lifted its position in shares of Pilgrim’s Pride by 132.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,344 shares of the company’s stock worth $61,000 after acquiring an additional 765 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pilgrim’s Pride in the 4th quarter worth approximately $118,000. Finally, GAMMA Investing LLC lifted its position in shares of Pilgrim’s Pride by 31.9% in the 4th quarter. GAMMA Investing LLC now owns 2,688 shares of the company’s stock worth $122,000 after acquiring an additional 650 shares during the period. Institutional investors own 16.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BMO Capital Markets raised their target price on Pilgrim’s Pride from $47.00 to $48.00 and gave the stock a “market perform” rating in a research report on Monday. Santander assumed coverage on Pilgrim’s Pride in a research report on Wednesday, March 5th. They set a “neutral” rating for the company. Finally, StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Pilgrim’s Pride presently has an average rating of “Hold” and an average price target of $46.33.

Pilgrim’s Pride Trading Up 2.9 %

PPC stock opened at $51.93 on Friday. The business has a fifty day moving average price of $50.05 and a 200 day moving average price of $48.28. Pilgrim’s Pride Co. has a fifty-two week low of $33.67 and a fifty-two week high of $57.16. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 11.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31.

Pilgrim’s Pride Increases Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $6.30 per share. This is a boost from Pilgrim’s Pride’s previous special dividend of $2.75.

Pilgrim’s Pride Profile

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.