EntryPoint Capital LLC Purchases 6,809 Shares of Pilgrim’s Pride Co. (NASDAQ:PPC)

EntryPoint Capital LLC raised its position in Pilgrim’s Pride Co. (NASDAQ:PPC) by 98.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,747 shares of the company’s stock after acquiring an additional 6,809 shares during the period. EntryPoint Capital LLC’s holdings in Pilgrim’s Pride were worth $624,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PPC. Vestcor Inc boosted its position in Pilgrim’s Pride by 1.1% during the third quarter. Vestcor Inc now owns 19,783 shares of the company’s stock valued at $911,000 after purchasing an additional 212 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Pilgrim’s Pride by 3.7% in the 4th quarter. Xponance Inc. now owns 6,307 shares of the company’s stock valued at $286,000 after buying an additional 225 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Pilgrim’s Pride by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 7,207 shares of the company’s stock valued at $327,000 after buying an additional 371 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Pilgrim’s Pride by 3.2% during the third quarter. Loomis Sayles & Co. L P now owns 13,079 shares of the company’s stock worth $602,000 after buying an additional 401 shares during the last quarter. Finally, Amalgamated Bank raised its position in Pilgrim’s Pride by 3.2% during the fourth quarter. Amalgamated Bank now owns 19,033 shares of the company’s stock worth $864,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 16.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PPC. BMO Capital Markets boosted their price objective on shares of Pilgrim’s Pride from $47.00 to $48.00 and gave the stock a “market perform” rating in a research note on Monday, March 17th. StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Finally, Santander initiated coverage on Pilgrim’s Pride in a research note on Wednesday, March 5th. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pilgrim’s Pride has an average rating of “Hold” and a consensus price target of $46.33.

Pilgrim’s Pride Stock Performance

PPC opened at $50.78 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. The business has a fifty day simple moving average of $50.22 and a 200 day simple moving average of $48.37. Pilgrim’s Pride Co. has a 1 year low of $33.67 and a 1 year high of $57.16. The company has a market capitalization of $12.04 billion, a PE ratio of 11.14 and a beta of 0.71.

Pilgrim’s Pride Increases Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $6.30 per share. This is a positive change from Pilgrim’s Pride’s previous special dividend of $2.75.

About Pilgrim’s Pride

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.