Great West Life Assurance Co. Can raised its stake in shares of AdvancePierre Foods Holdings Inc (NASDAQ:APFH) by 131.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the company’s stock after buying an additional 2,900 shares during the period. Great West Life Assurance Co. Can’s holdings in AdvancePierre Foods Holdings were worth $158,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new position in shares of AdvancePierre Foods Holdings during the first quarter valued at about $3,117,000. Wells Fargo & Company MN raised its position in AdvancePierre Foods Holdings by 26.9% in the first quarter. Wells Fargo & Company MN now owns 114,164 shares of the company’s stock worth $3,558,000 after buying an additional 24,171 shares in the last quarter. KAMES CAPITAL plc raised its position in AdvancePierre Foods Holdings by 26.6% in the first quarter. KAMES CAPITAL plc now owns 39,852 shares of the company’s stock worth $1,238,000 after buying an additional 8,365 shares in the last quarter. Nationwide Fund Advisors raised its position in AdvancePierre Foods Holdings by 304.6% in the first quarter. Nationwide Fund Advisors now owns 54,983 shares of the company’s stock worth $1,714,000 after buying an additional 41,394 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of AdvancePierre Foods Holdings during the first quarter worth approximately $246,000.
AdvancePierre Foods Holdings Inc (NASDAQ APFH) opened at 40.25 on Monday. The company has a 50-day moving average price of $39.80 and a 200 day moving average price 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 announced its earnings results on Wednesday, May 10th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $402.73 million for the quarter, compared to analysts’ expectations of $419.87 million. During the same period in the previous year, the company earned $0.34 earnings per share. AdvancePierre Foods Holdings’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that AdvancePierre Foods Holdings Inc will post $1.33 EPS for the current year.
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A number of analysts recently commented on the company. Zacks Investment Research raised AdvancePierre Foods Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Wells Fargo & Company lowered 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 note on Tuesday, May 9th. BMO Capital Markets lowered AdvancePierre Foods Holdings from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, April 26th. Finally, Barclays PLC reiterated a “hold” rating and issued a $33.00 price objective on shares of AdvancePierre Foods Holdings in a report on Tuesday, March 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.00.
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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