PPC

Pilgrim's Pride (PPC) Price Target Increased by 9.95% to 37.57

The average one-year price target for Pilgrim's Pride (NasdaqGS:PPC) has been revised to 37.57 / share. This is an increase of 9.95% from the prior estimate of 34.17 dated March 28, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 34.34 to a high of 42.00 / share. The average price target represents an increase of 5.62% from the latest reported closing price of 35.57 / share.

What is the Fund Sentiment?

There are 541 funds or institutions reporting positions in Pilgrim's Pride. This is an increase of 38 owner(s) or 7.55% in the last quarter. Average portfolio weight of all funds dedicated to PPC is 0.15%, an increase of 5.47%. Total shares owned by institutions increased in the last three months by 0.83% to 45,726K shares. PPC / Pilgrim's Pride Corporation Put/Call Ratios The put/call ratio of PPC is 0.32, indicating a bullish outlook.

What are Other Shareholders Doing?

PPC / Pilgrim's Pride Corporation Shares Held by Institutions

Thrivent Financial For Lutherans holds 1,895K shares representing 0.80% ownership of the company. In it's prior filing, the firm reported owning 1,911K shares, representing a decrease of 0.80%. The firm decreased its portfolio allocation in PPC by 54.27% over the last quarter.

Van Eck Associates holds 1,299K shares representing 0.55% ownership of the company. In it's prior filing, the firm reported owning 971K shares, representing an increase of 25.29%. The firm increased its portfolio allocation in PPC by 34.47% over the last quarter.

Balyasny Asset Management holds 1,234K shares representing 0.52% ownership of the company. In it's prior filing, the firm reported owning 394K shares, representing an increase of 68.12%. The firm increased its portfolio allocation in PPC by 248.81% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 1,219K shares representing 0.51% ownership of the company. In it's prior filing, the firm reported owning 1,256K shares, representing a decrease of 3.05%. The firm increased its portfolio allocation in PPC by 8.65% over the last quarter.

Millennium Management holds 1,180K shares representing 0.50% ownership of the company. In it's prior filing, the firm reported owning 1,812K shares, representing a decrease of 53.53%. The firm decreased its portfolio allocation in PPC by 32.35% over the last quarter.

Pilgrim`s Pride Background Information
(This description is provided by the company.)

Pilgrim's employs approximately 55,400 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K, and continental Europe. The Company's primary distribution is through retailers and foodservice distributors.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.