Bfsg LLC Invests $691,000 in Pilgrim’s Pride Co. (NASDAQ:PPC)

Bfsg LLC bought a new position in Pilgrim’s Pride Co. (NASDAQ:PPC) during the fourth quarter, Holdings Channel reports. The fund bought 15,226 shares of the company’s stock, valued at approximately $691,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth about $34,000. Quarry LP grew its position in shares of Pilgrim’s Pride by 295.8% in the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after buying an additional 707 shares during the period. R Squared Ltd purchased a new stake in shares of Pilgrim’s Pride in the 4th quarter worth about $59,000. Finally, Castleview Partners LLC purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth about $86,000. 16.64% of the stock is owned by hedge funds and other institutional investors.

Pilgrim’s Pride Price Performance

PPC opened at $52.15 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.95. The stock has a market capitalization of $12.37 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.20 and a beta of 0.82. The company’s 50-day simple moving average is $47.63 and its two-hundred day simple moving average is $47.06. Pilgrim’s Pride Co. has a 52-week low of $28.29 and a 52-week high of $57.16.

Wall Street Analyst Weigh In

Several analysts recently commented on PPC shares. StockNews.com downgraded shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. Barclays increased their price objective on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of Pilgrim’s Pride from $42.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.50.

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.