The Manufacturers Life Insurance Company Makes New Investment in Pilgrim’s Pride Corporation $PPC

Posted by on Sep 7th, 2026

The Manufacturers Life Insurance Company purchased a new stake in shares of Pilgrim’s Pride Corporation (NASDAQ:PPC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,380 shares of the company’s stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MCF Advisors LLC bought a new position in shares of Pilgrim’s Pride in the fourth quarter worth about $35,000. Kingdom Financial Group LLC. bought a new stake in Pilgrim’s Pride during the 4th quarter valued at approximately $37,000. Bessemer Group Inc. grew its holdings in Pilgrim’s Pride by 205.4% in the 1st quarter. Bessemer Group Inc. now owns 1,014 shares of the company’s stock valued at $39,000 after buying an additional 682 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Pilgrim’s Pride in the 2nd quarter worth approximately $30,000. Finally, Quarry LP increased its position in Pilgrim’s Pride by 30.5% in the 4th quarter. Quarry LP now owns 1,248 shares of the company’s stock worth $49,000 after buying an additional 292 shares during the period. 16.64% of the stock is owned by institutional investors and hedge funds.

Pilgrim’s Pride Price Performance

Shares of NASDAQ:PPC opened at $30.48 on Monday. The firm has a market capitalization of $7.26 billion, a PE ratio of 13.25 and a beta of 0.27. The company has a current ratio of 1.36, a quick ratio of 0.62 and a debt-to-equity ratio of 0.76. Pilgrim’s Pride Corporation has a 1-year low of $25.90 and a 1-year high of $44.87. The business’s 50 day moving average is $29.05 and its 200-day moving average is $31.98.

Pilgrim’s Pride (NASDAQ:PPC – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.70 billion. Pilgrim’s Pride had a net margin of 2.96% and a return on equity of 21.70%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. Sell-side analysts predict that Pilgrim’s Pride Corporation will post 2.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on Pilgrim’s Pride from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of Pilgrim’s Pride from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Finally, UBS Group decreased their price target on shares of Pilgrim’s Pride from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.50.

Read Our Latest Stock Report on PPC

Pilgrim’s Pride Profile

(Free Report)

Pilgrim’s Pride Corporation is a leading poultry producer in the United States and Mexico and a wholly owned subsidiary of JBS SA Headquartered in Greeley, Colorado, and Pittsburg, Texas, the company specializes in the production, processing and distribution of fresh, frozen and value-added chicken products. Pilgrim’s Pride serves a diverse customer base that includes retail grocery chains, foodservice distributors and restaurant operators across North America and in select international markets.

The company’s vertically integrated operations encompass breeding, hatching, feed milling, processing plants and cold storage facilities.

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Institutional Ownership by Quarter for Pilgrim's Pride (NASDAQ:PPC)

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