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

EntryPoint Capital LLC lifted its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 98.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,747 shares of the company’s stock after buying an additional 6,809 shares during the period. EntryPoint Capital LLC’s holdings in Pilgrim’s Pride were worth $624,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Prudential Financial Inc. lifted its position in shares of Pilgrim’s Pride by 4.7% during the 4th quarter. Prudential Financial Inc. now owns 68,134 shares of the company’s stock worth $3,093,000 after buying an additional 3,052 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Pilgrim’s Pride by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,113,888 shares of the company’s stock worth $232,119,000 after acquiring an additional 33,965 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Pilgrim’s Pride in the 4th quarter valued at approximately $225,000. LPL Financial LLC grew its holdings in shares of Pilgrim’s Pride by 5.0% during the 4th quarter. LPL Financial LLC now owns 41,826 shares of the company’s stock valued at $1,898,000 after purchasing an additional 1,973 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Pilgrim’s Pride during the 4th quarter valued at approximately $440,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Santander assumed coverage on Pilgrim’s Pride in a report on Wednesday, March 5th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets upped their target price on Pilgrim’s Pride from $47.00 to $48.00 and gave the stock a “market perform” rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.33.

Pilgrim’s Pride Trading Up 3.1 %

Shares of PPC stock opened at $50.78 on Tuesday. The stock has a 50 day simple moving average of $50.22 and a two-hundred day simple moving average of $48.37. The company has a market cap of $12.04 billion, a P/E ratio of 11.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. Pilgrim’s Pride Co. has a fifty-two week low of $33.67 and a fifty-two week high of $57.16.

Pilgrim’s Pride Increases Dividend

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

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.