Cwm LLC Raises Stock Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Cwm LLC lifted its stake in Pilgrim’s Pride Co. (NASDAQ:PPC) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,086 shares of the company’s stock after purchasing an additional 334 shares during the period. Cwm LLC’s holdings in Pilgrim’s Pride were worth $96,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. ORG Partners LLC bought a new position in Pilgrim’s Pride in the second quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pilgrim’s Pride in the 2nd quarter worth about $32,000. Headlands Technologies LLC purchased a new position in Pilgrim’s Pride during the 1st quarter valued at about $38,000. GAMMA Investing LLC boosted its stake in Pilgrim’s Pride by 102.9% during the second quarter. GAMMA Investing LLC now owns 1,410 shares of the company’s stock worth $54,000 after acquiring an additional 715 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Pilgrim’s Pride during the second quarter worth about $62,000. Institutional investors own 16.64% of the company’s stock.

Insider Buying and Selling at Pilgrim’s Pride

In other Pilgrim’s Pride news, CFO Matthew R. Galvanoni sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $43.31, for a total value of $281,515.00. Following the completion of the transaction, the chief financial officer now directly owns 51,750 shares in the company, valued at $2,241,292.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Fabio Sandri sold 65,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total transaction of $2,892,500.00. Following the completion of the transaction, the chief executive officer now owns 279,565 shares in the company, valued at approximately $12,440,642.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew R. Galvanoni sold 6,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $43.31, for a total transaction of $281,515.00. Following the transaction, the chief financial officer now directly owns 51,750 shares of the company’s stock, valued at $2,241,292.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 82.63% of the stock is currently owned by corporate insiders.

Pilgrim’s Pride Trading Down 0.7 %

NASDAQ:PPC opened at $46.21 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.85. Pilgrim’s Pride Co. has a 12 month low of $23.97 and a 12 month high of $49.07. The company has a market cap of $10.95 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.23 and a beta of 0.82. The company has a 50 day simple moving average of $44.54 and a two-hundred day simple moving average of $40.21.

Pilgrim’s Pride (NASDAQ:PPC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.62 billion. Pilgrim’s Pride had a net margin of 4.25% and a return on equity of 25.06%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. Research analysts forecast that Pilgrim’s Pride Co. will post 4.79 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PPC shares. Argus lifted their target price on shares of Pilgrim’s Pride from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Stephens began coverage on Pilgrim’s Pride in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $43.00 target price on the stock. BMO Capital Markets restated a “market perform” rating and set a $46.00 price target on shares of Pilgrim’s Pride in a report on Monday, August 12th. Bank of America cut shares of Pilgrim’s Pride from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Thursday, August 15th. Finally, Barclays raised their price objective on shares of Pilgrim’s Pride from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.33.

About Pilgrim’s Pride

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.