Pilgrim’s Pride (NASDAQ:PPC) Upgraded at StockNews.com

StockNews.com upgraded shares of Pilgrim’s Pride (NASDAQ:PPC) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

Other equities research analysts have also issued reports about the company. BMO Capital Markets increased their price target on Pilgrim’s Pride from $42.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Barclays increased their target price on Pilgrim’s Pride from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Stock Up 2.5 %

PPC opened at $53.13 on Friday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 11.65 and a beta of 0.82. Pilgrim’s Pride has a twelve month low of $28.49 and a twelve month high of $57.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The firm’s 50-day simple moving average is $47.80 and its 200-day simple moving average is $47.23.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Pilgrim’s Pride during the third quarter worth $27,000. Accredited Wealth Management LLC acquired a new stake in Pilgrim’s Pride in the fourth quarter worth about $41,000. Quarry LP raised its holdings in Pilgrim’s Pride by 295.8% during the 3rd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Pilgrim’s Pride during the 4th quarter valued at about $55,000. Finally, R Squared Ltd bought a new position in shares of Pilgrim’s Pride in the 4th quarter valued at about $59,000. 16.64% of the stock is currently owned by institutional investors.

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.