Strategic Financial Concepts LLC Invests $1.24 Million in Pilgrim’s Pride Co. (NASDAQ:PPC)

Strategic Financial Concepts LLC acquired a new stake in Pilgrim’s Pride Co. (NASDAQ:PPC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,234 shares of the company’s stock, valued at approximately $1,236,000.

Several other large investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in Pilgrim’s Pride during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Pilgrim’s Pride during the third quarter worth $34,000. Quarry LP raised its stake in Pilgrim’s Pride by 295.8% during the third quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after buying an additional 707 shares during the last quarter. R Squared Ltd acquired a new position in Pilgrim’s Pride in the fourth quarter valued at $59,000. Finally, Castleview Partners LLC bought a new stake in Pilgrim’s Pride during the third quarter valued at $86,000. 16.64% of the stock is owned by institutional investors.

Pilgrim’s Pride Stock Down 3.2 %

PPC stock 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. Pilgrim’s Pride Co. has a fifty-two week low of $28.29 and a fifty-two week high of $57.16. The stock’s 50 day simple moving average is $47.63 and its 200 day simple moving average is $47.06. The company has a market cap of $12.37 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.20 and a beta of 0.82.

Analyst Ratings Changes

Several research firms have recently weighed in on PPC. BMO Capital Markets lifted their price objective 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 lifted 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. Finally, StockNews.com lowered Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Pilgrim’s Pride presently has an average rating of “Hold” and an average price target of $45.50.

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.