Hays Advisory Lowers stake in Pilgrim's Pride Corporation (PPC)

Pilgrim's Pride Corporation (PPC) : Hays Advisory reduced its stake in Pilgrim's Pride Corporation by 14.12% during the most recent quarter end. The investment management company now holds a total of 260,654 shares of Pilgrim's Pride Corporation which is valued at $6,545,022 after selling 42,870 shares in Pilgrim's Pride Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Pilgrim's Pride Corporation makes up approximately 1.00% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in PPC by selling 1,055,169 shares or 20.51% in the most recent quarter. The Hedge Fund company now holds 4,088,292 shares of PPC which is valued at $102,657,012. Pilgrim's Pride Corporation makes up approx 0.51% of Acadian Asset Management’s portfolio.Denali Advisors boosted its stake in PPC in the latest quarter, The investment management firm added 81,900 additional shares and now holds a total of 569,400 shares of Pilgrim's Pride Corporation which is valued at $14,195,142. Pilgrim's Pride Corporation makes up approx 2.38% of Denali Advisors’s portfolio.Balasa Dinverno Foltz boosted its stake in PPC in the latest quarter, The investment management firm added 4,671 additional shares and now holds a total of 13,602 shares of Pilgrim's Pride Corporation which is valued at $339,098. Pilgrim's Pride Corporation makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio. Quotient Investors added PPC to its portfolio by purchasing 51,279 company shares during the most recent quarter which is valued at $1,289,667. Pilgrim's Pride Corporation makes up approx 0.59% of Quotient Investors’s portfolio.

Pilgrim's Pride Corporation opened for trading at $25.07 and hit $25.27 on the upside on Wednesday, eventually ending the session at $25.11, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 6,14,675 shares. Company has a market cap of $6,391 M.

On the company’s financial health, Pilgrim's Pride Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.38. The company had revenue of $1962.90 million for the quarter, compared to analysts expectations of $1975.79 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on Pilgrim's Pride Corporation. Pilgrim's Pride Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on May 25, 2016.

Pilgrim’s Pride Corporation (Pilgrim’s) is a producer of Chicken products. The Company is a producer and seller of chicken products with operations in the United States Mexico and Puerto Rico. The Company is engaged in the production processing marketing and distribution of fresh frozen and value-added chicken products to retailers distributors and foodservice operators. Its fresh chicken products include refrigerated (non-frozen) whole chickens whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. Its prepared chicken products include fully cooked ready-to-cook and individually frozen chicken parts strips nuggets and patties. The Company focuses on foodservice industry principally chain restaurants and food processors such as Chick-fil-A and Yum! Brands; distributors such as US Foods and Sysco and retail customers including grocery store chains and wholesale clubs such as Kroger Wal-Mart Costco Publix and Sam’s Club.

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