RHS Financial LLC Has $442,000 Stake in Pilgrim’s Pride Corporation $PPC

RHS Financial LLC trimmed its position in shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,824 shares of the company’s stock after selling 303 shares during the period. RHS Financial LLC’s holdings in Pilgrim’s Pride were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PPC. CWM LLC grew its holdings in shares of Pilgrim’s Pride by 553.0% during the second quarter. CWM LLC now owns 23,945 shares of the company’s stock valued at $1,077,000 after buying an additional 20,278 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Pilgrim’s Pride by 15.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,993 shares of the company’s stock worth $449,000 after acquiring an additional 1,306 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in Pilgrim’s Pride by 9.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 5,454 shares of the company’s stock valued at $245,000 after acquiring an additional 450 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Pilgrim’s Pride by 56.5% in the 2nd quarter. Inspire Investing LLC now owns 25,635 shares of the company’s stock valued at $1,153,000 after purchasing an additional 9,256 shares during the period. Finally, Monument Capital Management lifted its position in shares of Pilgrim’s Pride by 12.0% in the second quarter. Monument Capital Management now owns 64,773 shares of the company’s stock worth $2,913,000 after purchasing an additional 6,953 shares in the last quarter. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Stock Up 2.4%

Shares of Pilgrim’s Pride stock opened at $38.81 on Monday. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 7.48 and a beta of 0.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.63 and a quick ratio of 0.88. Pilgrim’s Pride Corporation has a 52-week low of $37.03 and a 52-week high of $57.16. The stock has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $46.90.

Pilgrim’s Pride (NASDAQ:PPC) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.16. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.62 billion. Pilgrim’s Pride had a return on equity of 37.15% and a net margin of 6.81%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. On average, equities research analysts expect that Pilgrim’s Pride Corporation will post 5.13 earnings per share for the current fiscal year.

Pilgrim’s Pride Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $2.10 per share. The ex-dividend date was Wednesday, August 20th.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Pilgrim’s Pride in a report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on shares of Pilgrim’s Pride in a research note on Monday, June 23rd. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Zacks Research cut Pilgrim’s Pride from a “hold” rating to a “strong sell” rating in a research report on Thursday. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $49.00.

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.