Jackson Creek Investment Advisors LLC Has $909,000 Position in Pilgrim’s Pride Co. (NASDAQ:PPC)

Jackson Creek Investment Advisors LLC trimmed its position in Pilgrim’s Pride Co. (NASDAQ:PPC) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,036 shares of the company’s stock after selling 1,498 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Pilgrim’s Pride were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PPC. Harbor Capital Advisors Inc. bought a new position in shares of Pilgrim’s Pride during the third quarter worth approximately $27,000. Quarry LP increased its stake in Pilgrim’s Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock worth $44,000 after acquiring an additional 707 shares during the period. R Squared Ltd acquired a new position in Pilgrim’s Pride in the 4th quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pilgrim’s Pride during the 4th quarter valued at $118,000. Finally, GAMMA Investing LLC grew its holdings in shares of Pilgrim’s Pride by 31.9% during the 4th quarter. GAMMA Investing LLC now owns 2,688 shares of the company’s stock worth $122,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Up 3.8 %

Shares of PPC opened at $54.62 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. Pilgrim’s Pride Co. has a 52-week low of $32.06 and a 52-week high of $57.16. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 11.98 and a beta of 0.82. The business’s fifty day moving average is $48.94 and its 200-day moving average is $47.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Pilgrim’s Pride has an average rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Company 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.