Amalgamated Bank Grows Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Amalgamated Bank increased its holdings in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 19,033 shares of the company’s stock after buying an additional 585 shares during the period. Amalgamated Bank’s holdings in Pilgrim’s Pride were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Pilgrim’s Pride by 1,289.4% during the third quarter. Pacer Advisors Inc. now owns 5,225,216 shares of the company’s stock valued at $240,621,000 after acquiring an additional 4,849,147 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Pilgrim’s Pride by 903.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,455,513 shares of the company’s stock worth $67,026,000 after purchasing an additional 1,310,530 shares during the period. Assetmark Inc. increased its holdings in Pilgrim’s Pride by 145,879.0% in the 3rd quarter. Assetmark Inc. now owns 827,701 shares of the company’s stock valued at $38,116,000 after purchasing an additional 827,134 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Pilgrim’s Pride in the 4th quarter valued at approximately $8,601,000. Finally, United Capital Management of KS Inc. purchased a new stake in Pilgrim’s Pride in the third quarter valued at approximately $6,277,000. 16.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Pilgrim’s Pride Price Performance

Shares of PPC opened at $54.76 on Tuesday. The company has a market cap of $12.98 billion, a P/E ratio of 12.01 and a beta of 0.82. Pilgrim’s Pride Co. has a fifty-two week low of $31.60 and a fifty-two week high of $57.16. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average price is $48.51 and its 200 day moving average price is $47.66.

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.