Pilgrim’s Pride Co. (NASDAQ:PPC) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its stake in Pilgrim’s Pride Co. (NASDAQ:PPC) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,011 shares of the company’s stock after selling 288 shares during the period. UMB Bank n.a.’s holdings in Pilgrim’s Pride were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in Pilgrim’s Pride in the third quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of Pilgrim’s Pride during the 3rd quarter worth about $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pilgrim’s Pride during the 2nd quarter worth about $32,000. Finally, Quarry LP lifted its stake in Pilgrim’s Pride by 295.8% during the third quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Stock Down 1.7 %

Shares of NASDAQ:PPC opened at $44.52 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.95 and a quick ratio of 1.27. The stock has a market cap of $10.56 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.20 and a beta of 0.84. Pilgrim’s Pride Co. has a 1-year low of $26.52 and a 1-year high of $55.50. The firm has a fifty day moving average price of $48.46 and a 200 day moving average price of $45.77.

Pilgrim’s Pride (NASDAQ:PPC) last announced its earnings results on Wednesday, October 30th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.36. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. Pilgrim’s Pride had a return on equity of 29.92% and a net margin of 5.46%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Sell-side analysts predict that Pilgrim’s Pride Co. will post 5.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PPC. Stephens started coverage on shares of Pilgrim’s Pride in a report on Thursday, October 3rd. They set an “equal weight” rating and a $43.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of Pilgrim’s Pride from $42.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Barclays boosted their price target on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.50.

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.