Ruffer LLP Takes $8.38 Million Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Ruffer LLP purchased a new stake in Pilgrim’s Pride Co. (NASDAQ:PPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 184,649 shares of the company’s stock, valued at approximately $8,381,000.

Several other institutional investors have also recently added to or reduced their stakes in PPC. Inceptionr LLC purchased a new stake in Pilgrim’s Pride in the 4th quarter valued at $491,000. Raymond James Financial Inc. purchased a new stake in shares of Pilgrim’s Pride during the 4th quarter worth $2,664,000. Proficio Capital Partners LLC purchased a new position in Pilgrim’s Pride in the fourth quarter valued at about $626,000. Assetmark Inc. grew its holdings in Pilgrim’s Pride by 2.6% in the fourth quarter. Assetmark Inc. now owns 849,276 shares of the company’s stock valued at $38,549,000 after purchasing an additional 21,575 shares during the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new stake in shares of Pilgrim’s Pride in the fourth quarter valued at about $2,301,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Pilgrim’s Pride Trading Up 3.8 %

NASDAQ PPC opened at $54.62 on Friday. The company’s 50 day moving average price is $49.12 and its 200 day moving average price is $47.92. 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 one year low of $32.06 and a one year high of $57.16. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 11.98 and a beta of 0.71.

Pilgrim’s Pride 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.