Los Angeles Capital Management LLC Purchases 6,955 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

Los Angeles Capital Management LLC increased its position in Pilgrim’s Pride Co. (NASDAQ:PPC) by 40.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,189 shares of the company’s stock after acquiring an additional 6,955 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Pilgrim’s Pride were worth $1,098,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PPC. Harbor Capital Advisors Inc. bought a new position in shares of Pilgrim’s Pride in the third quarter valued at approximately $27,000. Quarry LP boosted its position in shares of Pilgrim’s Pride by 295.8% in the third quarter. Quarry LP now owns 946 shares of the company’s stock valued at $44,000 after acquiring an additional 707 shares during the period. R Squared Ltd bought a new position in shares of Pilgrim’s Pride in the fourth quarter valued at approximately $59,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pilgrim’s Pride in the fourth quarter valued at approximately $118,000. Finally, GAMMA Investing LLC grew its holdings in shares of Pilgrim’s Pride by 31.9% during the fourth quarter. GAMMA Investing LLC now owns 2,688 shares of the company’s stock worth $122,000 after purchasing an additional 650 shares in the last quarter. 16.64% of the stock is currently owned by institutional investors.

Pilgrim’s Pride Price Performance

Shares of Pilgrim’s Pride stock opened at $54.39 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $12.90 billion, a PE ratio of 11.93 and a beta of 0.82. The business’s 50-day moving average price is $48.33 and its 200-day moving average price is $47.57. Pilgrim’s Pride Co. has a 12 month low of $31.31 and a 12 month high of $57.16.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Company 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.