2,569 Shares in Pilgrim’s Pride Co. (NASDAQ:PPC) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,569 shares of the company’s stock, valued at approximately $118,000.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Pilgrim’s Pride during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. bought a new stake in Pilgrim’s Pride during the third quarter valued at approximately $34,000. Quarry LP increased its holdings in Pilgrim’s Pride by 295.8% during the third quarter. Quarry LP now owns 946 shares of the company’s stock valued at $44,000 after buying an additional 707 shares during the last quarter. R Squared Ltd bought a new position in Pilgrim’s Pride in the fourth quarter worth approximately $59,000. Finally, Castleview Partners LLC purchased a new position in shares of Pilgrim’s Pride during the 3rd quarter worth $86,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barclays boosted their price objective on Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.50.

Pilgrim’s Pride Trading Up 3.5 %

Shares of PPC opened at $53.88 on Friday. The firm has a market cap of $12.78 billion, a P/E 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 current ratio of 1.95 and a quick ratio of 1.27. Pilgrim’s Pride Co. has a 1 year low of $27.99 and a 1 year high of $57.16. The company has a 50 day simple moving average of $47.45 and a two-hundred day simple moving average of $46.83.

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.