Pilgrim’s Pride Co. (NASDAQ:PPC) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,161 shares of the company’s stock after selling 5,225 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pilgrim’s Pride were worth $1,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Pilgrim’s Pride by 1,289.4% in the third quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company’s stock worth $240,621,000 after acquiring an additional 4,849,147 shares during the period. Jacobs Levy Equity Management Inc. grew its position in 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 purchasing an additional 1,310,530 shares during the period. Geode Capital Management LLC raised its stake in shares of Pilgrim’s Pride by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 881,900 shares of the company’s stock valued at $40,620,000 after buying an additional 11,128 shares during the last quarter. Assetmark Inc. lifted 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 valued at $38,116,000 after buying an additional 827,134 shares during the period. Finally, Martingale Asset Management L P boosted its stake in shares of Pilgrim’s Pride by 23.4% in the third quarter. Martingale Asset Management L P now owns 238,151 shares of the company’s stock worth $10,967,000 after buying an additional 45,172 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Up 1.6 %

Shares of Pilgrim’s Pride stock opened at $54.00 on Tuesday. Pilgrim’s Pride Co. has a twelve month low of $30.00 and a twelve month high of $57.16. The firm’s 50-day moving average price is $47.85 and its 200 day moving average price is $47.32. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $12.80 billion, a PE ratio of 11.84 and a beta of 0.82.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PPC shares. StockNews.com raised shares of Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays upped their price target on Pilgrim’s Pride from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on Pilgrim’s Pride from $42.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.50.

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.