Citadel Advisors LLC raised its stake in AdvancePierre Foods Holdings Inc (NASDAQ:APFH) by 5,035.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,094,334 shares of the company’s stock after buying an additional 1,073,024 shares during the period. Citadel Advisors LLC’s holdings in AdvancePierre Foods Holdings were worth $34,110,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in shares of AdvancePierre Foods Holdings by 131.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,100 shares of the company’s stock valued at $158,000 after buying an additional 2,900 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of AdvancePierre Foods Holdings during the first quarter valued at approximately $200,000. Diversified Trust Co bought a new stake in shares of AdvancePierre Foods Holdings during the first quarter valued at approximately $246,000. Laurion Capital Management LP bought a new stake in shares of AdvancePierre Foods Holdings during the first quarter valued at approximately $249,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of AdvancePierre Foods Holdings during the first quarter valued at approximately $256,000.
Shares of AdvancePierre Foods Holdings Inc (APFH) remained flat at $40.25 during midday trading on Monday. The company has a 50-day moving average of $39.80 and a 200-day moving average of $31.64. AdvancePierre Foods Holdings Inc has a 52 week low of $22.99 and a 52 week high of $40.79.
AdvancePierre Foods Holdings (NASDAQ:APFH) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $402.73 million for the quarter, compared to analysts’ expectations of $419.87 million. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Equities analysts anticipate that AdvancePierre Foods Holdings Inc will post $1.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, May 18th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.64 annualized dividend and a yield of 1.59%.
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APFH has been the subject of several research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price objective on shares of AdvancePierre Foods Holdings in a research note on Wednesday, April 12th. Barclays PLC reissued a “hold” rating and set a $33.00 price objective on shares of AdvancePierre Foods Holdings in a report on Tuesday, March 14th. Zacks Investment Research lowered AdvancePierre Foods Holdings from a “buy” rating to a “hold” rating in a report on Monday, March 13th. Finally, Wells Fargo & Company downgraded AdvancePierre Foods Holdings from an “outperform” rating to a “market perform” rating and set a $40.00 price objective for the company. in a research report on Tuesday, May 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.00.
In other AdvancePierre Foods Holdings news, insider James L. Clough sold 12,020 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $30.51, for a total value of $366,730.20. Following the completion of the sale, the insider now directly owns 511,046 shares of the company’s stock, valued at $15,592,013.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George F. Jr. Chappelle sold 24,865 shares of the business’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $30.08, for a total transaction of $747,939.20. Following the completion of the sale, the chief operating officer now directly owns 412,000 shares of the company’s stock, valued at $12,392,960. The disclosure for this sale can be found here. Insiders sold 64,010 shares of company stock valued at $1,942,005 over the last quarter.
AdvancePierre Foods Holdings Company Profile
AdvancePierre Foods Holdings, Inc is a producer and distributor of ready-to-eat sandwiches, sandwich components and other entrees and snacks. The Company operates through four segments. The Foodservice segment’s portfolio of products includes breakfast sandwiches, peanut butter and jelly sandwiches, Philly steaks, fully cooked hamburger-patties, country-fried steak, stuffed entrees and chicken tenders.
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