Pilgrim’s Pride Corporation $PPC Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) by 64.0% during the third quarter, Holdings Channel.com reports. The firm owned 13,487 shares of the company’s stock after selling 24,007 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Pilgrim’s Pride were worth $549,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PPC. True Wealth Design LLC raised its position in shares of Pilgrim’s Pride by 1,248.5% during the 3rd quarter. True Wealth Design LLC now owns 917 shares of the company’s stock valued at $37,000 after buying an additional 849 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Pilgrim’s Pride during the second quarter worth $45,000. Caitong International Asset Management Co. Ltd raised its position in shares of Pilgrim’s Pride by 117.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,231 shares of the company’s stock worth $55,000 after acquiring an additional 665 shares in the last quarter. Quent Capital LLC acquired a new stake in Pilgrim’s Pride during the 3rd quarter worth $55,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in Pilgrim’s Pride during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PPC. Zacks Research raised shares of Pilgrim’s Pride from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. The Goldman Sachs Group lowered their target price on shares of Pilgrim’s Pride from $54.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Santander upgraded shares of Pilgrim’s Pride from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Barclays decreased their target price on Pilgrim’s Pride from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pilgrim’s Pride in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Pilgrim’s Pride presently has an average rating of “Hold” and an average target price of $46.33.

Pilgrim’s Pride Trading Up 0.7%

NASDAQ:PPC opened at $43.69 on Tuesday. Pilgrim’s Pride Corporation has a 52 week low of $35.73 and a 52 week high of $57.16. The business’s 50 day moving average is $39.98 and its two-hundred day moving average is $41.46. The company has a quick ratio of 0.78, a current ratio of 1.51 and a debt-to-equity ratio of 0.87. The company has a market cap of $10.38 billion, a PE ratio of 8.47 and a beta of 0.43.

Pilgrim’s Pride Company Profile

Pilgrim’s Pride Corporation is a leading poultry producer in the United States and Mexico and a wholly owned subsidiary of JBS SA Headquartered in Greeley, Colorado, and Pittsburg, Texas, the company specializes in the production, processing and distribution of fresh, frozen and value-added chicken products. Pilgrim’s Pride serves a diverse customer base that includes retail grocery chains, foodservice distributors and restaurant operators across North America and in select international markets.

The company’s vertically integrated operations encompass breeding, hatching, feed milling, processing plants and cold storage facilities.