Proficio Capital Partners LLC Invests $626,000 in Pilgrim’s Pride Co. (NASDAQ:PPC)

Proficio Capital Partners LLC acquired a new position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,799 shares of the company’s stock, valued at approximately $626,000.

Several other large investors also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of Pilgrim’s Pride by 1,289.4% during 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 in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Pilgrim’s Pride by 903.9% during the third 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 last quarter. Geode Capital Management LLC boosted its holdings in Pilgrim’s Pride by 1.3% during the third quarter. Geode Capital Management LLC now owns 881,900 shares of the company’s stock worth $40,620,000 after purchasing an additional 11,128 shares during the last quarter. Assetmark Inc. boosted its holdings in Pilgrim’s Pride by 145,879.0% during the third quarter. Assetmark Inc. now owns 827,701 shares of the company’s stock worth $38,116,000 after purchasing an additional 827,134 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Pilgrim’s Pride by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 429,440 shares of the company’s stock worth $19,492,000 after purchasing an additional 57,837 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Stock Performance

NASDAQ PPC opened at $54.62 on Monday. The firm has a 50-day moving average of $49.12 and a 200-day moving average of $47.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The stock has a market cap of $12.95 billion, a PE ratio of 11.98 and a beta of 0.71. Pilgrim’s Pride Co. has a 52-week low of $32.06 and a 52-week high of $57.16.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.