Yousif Capital Management LLC Reduces Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Yousif Capital Management LLC lessened its stake in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,079 shares of the company’s stock after selling 772 shares during the quarter. Yousif Capital Management LLC’s holdings in Pilgrim’s Pride were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PPC. Harbor Capital Advisors Inc. purchased a new stake in Pilgrim’s Pride in the third quarter worth $27,000. Raleigh Capital Management Inc. purchased a new stake in Pilgrim’s Pride in the third quarter worth $34,000. Quarry LP raised its holdings in Pilgrim’s Pride by 295.8% in the third quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after purchasing an additional 707 shares in the last quarter. R Squared Ltd bought a new position in Pilgrim’s Pride in the fourth quarter worth $59,000. Finally, Castleview Partners LLC bought a new position in Pilgrim’s Pride in the third quarter worth $86,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Up 3.5 %

Shares of NASDAQ:PPC opened at $53.88 on Monday. Pilgrim’s Pride Co. has a 52-week low of $27.99 and a 52-week high of $57.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.95. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.20 and a beta of 0.82. The stock’s 50-day simple moving average is $47.45 and its two-hundred day simple moving average is $46.91.

Analysts Set New Price Targets

A number of research firms have issued reports on PPC. BMO Capital Markets increased their price objective 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. StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Barclays increased their price objective 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Pilgrim’s Pride presently has a consensus rating of “Hold” and a consensus target price 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.