Caxton Associates LP acquired a new position in shares of Pilgrim's Pride Co. (NASDAQ:PPC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 20,411 shares of the company’s stock, valued at approximately $634,000.
Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in Pilgrim's Pride by 151.0% during the 3rd quarter. Prudential Financial Inc. now owns 759,645 shares of the company’s stock worth $21,582,000 after acquiring an additional 457,000 shares during the period. Ameriprise Financial Inc. lifted its position in Pilgrim's Pride by 58.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 789,349 shares of the company’s stock worth $22,427,000 after acquiring an additional 292,700 shares during the period. Sterling Capital Management LLC lifted its position in Pilgrim's Pride by 3.5% during the 3rd quarter. Sterling Capital Management LLC now owns 130,535 shares of the company’s stock worth $3,708,000 after acquiring an additional 4,400 shares during the period. Alps Advisors Inc. acquired a new stake in Pilgrim's Pride during the 3rd quarter worth approximately $461,000. Finally, OxFORD Asset Management LLP acquired a new stake in Pilgrim's Pride during the 3rd quarter worth approximately $715,000. 25.10% of the stock is owned by institutional investors.
Shares of Pilgrim's Pride Co. (NASDAQ PPC) opened at $24.10 on Tuesday. 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 capitalization of $5,990.00, a P/E ratio of 9.20 and a beta of 0.16. Pilgrim's Pride Co. has a 1-year low of $20.28 and a 1-year high of $38.39.
In other news, CEO William W. Lovette sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.36, for a total value of $2,536,000.00. Following the completion of the sale, the chief executive officer now directly owns 578,653 shares of the company’s stock, valued at approximately $14,674,640.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 78.81% of the stock is owned by company insiders.
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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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