Dynamic Technology Lab Private Ltd Has $661,000 Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Dynamic Technology Lab Private Ltd cut its position in shares of Pilgrim’s Pride Co. (NASDAQ:PPC) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,575 shares of the company’s stock after selling 4,492 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pilgrim’s Pride were worth $661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Pilgrim’s Pride by 325.8% during the 3rd quarter. Franklin Resources Inc. now owns 55,071 shares of the company’s stock valued at $2,485,000 after purchasing an additional 42,136 shares during the last quarter. Ruffer LLP acquired a new stake in shares of Pilgrim’s Pride during the 4th quarter worth about $8,381,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Pilgrim’s Pride by 30.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 58,289 shares of the company’s stock worth $2,646,000 after buying an additional 13,459 shares during the period. Sigma Planning Corp grew its stake in Pilgrim’s Pride by 73.9% in the 4th quarter. Sigma Planning Corp now owns 28,587 shares of the company’s stock valued at $1,298,000 after buying an additional 12,149 shares during the last quarter. Finally, Norden Group LLC raised its holdings in Pilgrim’s Pride by 61.6% in the 4th quarter. Norden Group LLC now owns 15,211 shares of the company’s stock valued at $690,000 after acquiring an additional 5,798 shares during the period. 16.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Santander initiated coverage on Pilgrim’s Pride in a research report on Wednesday, March 5th. They issued a “neutral” rating on the stock. StockNews.com lowered Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, BMO Capital Markets lifted 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Pilgrim’s Pride currently has a consensus rating of “Hold” and an average target price of $46.33.

Pilgrim’s Pride Stock Performance

NASDAQ:PPC opened at $49.47 on Tuesday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 10.85 and a beta of 0.63. Pilgrim’s Pride Co. has a fifty-two week low of $33.67 and a fifty-two week high of $57.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. The stock has a fifty day moving average price of $51.65 and a 200-day moving average price of $49.09.

Pilgrim’s Pride Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $6.30 per share. This is an increase from Pilgrim’s Pride’s previous special dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 3rd.

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.