Pilgrim's Pride Co. (PPC) Stake Decreased by Sei Investments Co.
Sei Investments Co. cut its position in shares of Pilgrim's Pride Co. (NASDAQ:PPC) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,637 shares of the company’s stock after selling 2,610 shares during the quarter. Sei Investments Co.’s holdings in Pilgrim's Pride were worth $5,176,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Pilgrim's Pride during the fourth quarter worth $1,181,000. KBC Group NV grew its holdings in Pilgrim's Pride by 178.2% in the fourth quarter. KBC Group NV now owns 183,900 shares of the company’s stock worth $5,712,000 after purchasing an additional 117,800 shares during the period. California Public Employees Retirement System grew its holdings in Pilgrim's Pride by 14.6% in the fourth quarter. California Public Employees Retirement System now owns 214,639 shares of the company’s stock worth $6,667,000 after purchasing an additional 27,409 shares during the period. Aperio Group LLC grew its holdings in Pilgrim's Pride by 41.2% in the fourth quarter. Aperio Group LLC now owns 105,372 shares of the company’s stock worth $3,273,000 after purchasing an additional 30,722 shares during the period. Finally, Parametrica Management Ltd grew its holdings in Pilgrim's Pride by 12.7% in the fourth quarter. Parametrica Management Ltd now owns 29,462 shares of the company’s stock worth $915,000 after purchasing an additional 3,315 shares during the period. Institutional investors own 25.09% of the company’s stock.
In other Pilgrim's Pride news, CEO William W. Lovette sold 100,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.36, for a total value of $2,536,000.00. Following the transaction, the chief executive officer now directly owns 578,653 shares of the company’s stock, valued at $14,674,640.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 78.81% of the company’s stock.
Shares of Pilgrim's Pride Co. (NASDAQ:PPC) opened at $25.11 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 1.42. The company has a market cap of $6,201.40, a price-to-earnings ratio of 8.66 and a beta of 0.16. Pilgrim's Pride Co. has a twelve month low of $20.26 and a twelve month high of $38.39.
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Pilgrim's Pride Company Profile
Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.
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