Kestra Private Wealth Services LLC Takes $596,000 Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Kestra Private Wealth Services LLC purchased a new stake in Pilgrim’s Pride Co. (NASDAQ:PPC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,141 shares of the company’s stock, valued at approximately $596,000.

Several other large investors have also modified their holdings of the business. Harbor Capital Advisors Inc. bought a new position in shares of Pilgrim’s Pride during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in Pilgrim’s Pride during the 3rd quarter worth approximately $34,000. Quarry LP grew its position in Pilgrim’s Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after purchasing an additional 707 shares during the last quarter. R Squared Ltd purchased a new stake in Pilgrim’s Pride during the 4th quarter worth approximately $59,000. Finally, Castleview Partners LLC purchased a new stake in Pilgrim’s Pride during the 3rd quarter worth approximately $86,000. Institutional investors own 16.64% of the company’s stock.

Wall Street Analyst Weigh In

PPC has been the topic of several research analyst reports. StockNews.com downgraded shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Friday. BMO Capital Markets boosted their target price on shares of Pilgrim’s Pride from $42.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, Barclays boosted 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Pilgrim’s Pride currently has a consensus rating of “Hold” and a consensus price target of $45.50.

Pilgrim’s Pride Stock Performance

Shares of NASDAQ PPC opened at $53.88 on Friday. The company’s fifty day moving average price is $47.45 and its 200 day moving average price is $46.87. Pilgrim’s Pride Co. has a 1 year low of $27.99 and a 1 year high of $57.16. The company has a market capitalization of $12.78 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 0.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.95.

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.