Horrell Capital Management Lowers stake in Pilgrim's Pride Corporation (PPC)

Pilgrim's Pride Corporation (PPC) : Horrell Capital Management reduced its stake in Pilgrim's Pride Corporation by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Pilgrim's Pride Corporation which is valued at $653,284 after selling 138 shares in Pilgrim's Pride Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Pilgrim's Pride Corporation makes up approximately 0.41% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , First Dallas Securities reduced its stake in PPC by selling 19,600 shares or 58.77% in the most recent quarter. The Hedge Fund company now holds 13,750 shares of PPC which is valued at $334,400. Pilgrim's Pride Corporation makes up approx 0.25% of First Dallas Securities’s portfolio. New York State Teachers Retirement System added PPC to its portfolio by purchasing 5,600 company shares during the most recent quarter which is valued at $141,064. Parkwood sold out all of its stake in PPC during the most recent quarter. The investment firm sold 32,534 shares of PPC which is valued $819,531.Nisa Investment Advisors boosted its stake in PPC in the latest quarter, The investment management firm added 51,400 additional shares and now holds a total of 56,000 shares of Pilgrim's Pride Corporation which is valued at $1,396,080. Pilgrim's Pride Corporation makes up approx 0.02% of Nisa Investment Advisors’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 closed down -0.49 points or -2.06% at $23.25 with 15,07,325 shares getting traded on Friday. Post opening the session at $23.8, the shares hit an intraday low of $23.19 and an intraday high of $23.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Pilgrim's Pride Corporation reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.64. The company had revenue of $2028.00 million for the quarter, compared to analysts expectations of $2036.27 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 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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