Robeco Institutional Asset Management B.V. Invests $4.93 Million in Pilgrim’s Pride Corporation (PPC)

Robeco Institutional Asset Management B.V. purchased a new position in Pilgrim’s Pride Corporation (NASDAQ:PPC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 173,566 shares of the company’s stock, valued at approximately $4,931,000. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Pilgrim’s Pride Corporation at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Seven Eight Capital LP purchased a new position in Pilgrim’s Pride Corporation during the second quarter worth about $134,000. The Manufacturers Life Insurance Company raised its stake in Pilgrim’s Pride Corporation by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock worth $201,000 after purchasing an additional 798 shares during the period. Amalgamated Bank purchased a new position in Pilgrim’s Pride Corporation during the second quarter worth about $219,000. Regentatlantic Capital LLC purchased a new position in Pilgrim’s Pride Corporation during the second quarter worth about $220,000. Finally, TrimTabs Asset Management LLC raised its stake in Pilgrim’s Pride Corporation by 105.0% during the second quarter. TrimTabs Asset Management LLC now owns 10,281 shares of the company’s stock worth $225,000 after purchasing an additional 5,265 shares during the period. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

PPC has been the topic of a number of analyst reports. BidaskClub raised shares of Pilgrim’s Pride Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $25.00 price target on shares of Pilgrim’s Pride Corporation in a research note on Friday, July 14th. Zacks Investment Research raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, August 2nd. ValuEngine raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Pilgrim’s Pride Corporation presently has an average rating of “Buy” and an average price target of $25.00.

Shares of Pilgrim’s Pride Corporation (PPC) opened at 31.21 on Monday. The stock has a 50 day moving average of $29.40 and a 200-day moving average of $25.84. Pilgrim’s Pride Corporation has a 1-year low of $17.15 and a 1-year high of $31.42. The stock has a market capitalization of $7.76 billion, a P/E ratio of 15.75 and a beta of 0.14.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.28 billion. Pilgrim’s Pride Corporation had a net margin of 6.05% and a return on equity of 49.65%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts predict that Pilgrim’s Pride Corporation will post $2.61 earnings per share for the current fiscal year.

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Pilgrim’s Pride Corporation 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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Institutional Ownership by Quarter for Pilgrim`s Pride Corporation (NASDAQ:PPC)

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