Pilgrim’s Pride (NASDAQ:PPC) Stock Rating Lowered by StockNews.com

Posted by Defense World Staff on Mar 2nd, 2025

Pilgrim’s Pride (NASDAQ:PPC – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Pilgrim’s Pride Price Performance

PPC stock opened at $54.39 on Friday. The company has a 50 day simple moving average of $48.33 and a 200 day simple moving average of $47.57. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 11.93 and a beta of 0.82. Pilgrim’s Pride has a 1 year low of $31.31 and a 1 year high of $57.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31.

Hedge Funds Weigh In On Pilgrim’s Pride

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in Pilgrim’s Pride by 325.8% during the 3rd quarter. Franklin Resources Inc. now owns 55,071 shares of the company’s stock worth $2,485,000 after purchasing an additional 42,136 shares in the last quarter. Sigma Planning Corp increased its position in Pilgrim’s Pride by 73.9% during the 4th quarter. Sigma Planning Corp now owns 28,587 shares of the company’s stock worth $1,298,000 after purchasing an additional 12,149 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Pilgrim’s Pride by 30.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 58,289 shares of the company’s stock worth $2,646,000 after purchasing an additional 13,459 shares in the last quarter. World Investment Advisors LLC acquired a new position in Pilgrim’s Pride during the 3rd quarter worth approximately $808,000. Finally, Exchange Traded Concepts LLC grew its holdings in Pilgrim’s Pride by 8.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 113,549 shares of the company’s stock worth $5,154,000 after acquiring an additional 9,035 shares during the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Pilgrim’s Pride Company Profile

(Get Free Report)

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.