Pilgrim’s Pride Corporation (PPC) Trades at 52-Week High


The company is up by 1.09 percent from yesterday’s close. Company chares are trading at $26.94 quite a bit above $23.25, the 50 day moving average and a great deal higher than the 200 day moving average of $22.64. The 50 day moving average went up $3.69 or +15.90% and the 200 day average went up $4.30 or +18.97%.

Pilgrim’s Pride Corporation, launched on September 11, 1986, is a retail feed store. The Company is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. The Company is involved in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. It offers a range of products to its customers through national and international distribution channels. The Business’s fresh chicken products consist of refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Business’s prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated..

These funds have also shifted positions in (PPC). Dimensional Fund Advisors Lp expanded its ownership by buying 102,981 shares an increase of 13.0% in the quarter. Dimensional Fund Advisors Lp claims 895,721 shares worth $19,634,000. The total value of its holdings increased 10.1%. Citadel Advisors LLC divested its holdings by shedding 125,609 shares a decrease of 20.3% as of 06/30/2017. Citadel Advisors LLC currently owns 494,476 shares with a value of $10,839,000. The value of the position overall is down by 22.3%.

As of the end of the quarter Renaissance Technologies LLC had sold 642,100 shares trimming its position 59.1%. The value of the investment in Pilgrim’s Pride Corporation decreased from $24,461,000 to $9,750,000 a change of $14,711,000 quarter over quarter. As of quarter end Quantitative Investment Management, LLC had acquired a total of 290,100 shares growing its holdings by 1,234.5%. The value of the company’s investment in Pilgrim’s Pride Corporation went from $598,000 to $6,874,000 a change of 1,049.5% quarter to quarter.

The most current P/E ratio is 13.59 and market cap is 6.70B. As of the last earnings report the EPS was $1.98 and is estimated to be $2.45 for the current year with 248,752,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.44 and the next full year EPS is anticipated to be $2.43.