As Pilgrims Pride Corp (PPC) Share Price Rose, Holder Denali Advisors LLC Trimmed Holding

March 16, 2018 - By Louis Casey

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.45, from 0.92 in 2017Q2. It is positive, as 19 investors sold PPC shares while 68 reduced holdings. 52 funds opened positions while 67 raised stakes. 59.66 million shares or 0.04% more from 59.63 million shares in 2017Q2 were reported. California Pub Employees Retirement System owns 187,230 shares or 0.01% of their US portfolio. Invesco Limited owns 490,823 shares for 0.01% of their portfolio. Baring Asset Management Ltd, a United Kingdom-based fund reported 9,715 shares. 20,444 are held by Dreman Value Mngmt L L C. Amalgamated Bancorp holds 9,977 shares or 0.01% of its portfolio. Robeco Institutional Asset Management Bv holds 0.03% or 173,566 shares in its portfolio. Principal Financial Grp holds 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC) for 11,811 shares. Fulton Commercial Bank Na invested 0.04% in Pilgrim's Pride Corporation (NASDAQ:PPC). Gsa Limited Liability Partnership holds 9,087 shares or 0.02% of its portfolio. Quantitative Mngmt Limited Liability reported 0.1% stake. Mirae Asset Glob Invests Ltd invested in 8,288 shares or 0% of the stock. Prelude Capital Management Limited Com reported 1,000 shares. Nuveen Asset Mngmt Limited Liability holds 0% in Pilgrim's Pride Corporation (NASDAQ:PPC) or 11,000 shares. Wellington Mgmt Gru Limited Liability Partnership has invested 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Centurylink Investment Mngmt Com holds 0.37% or 39,839 shares in its portfolio.

Since February 27, 2018, it had 0 buys, and 1 insider sale for $2.54 million activity.

Denali Advisors Llc decreased its stake in Pilgrims Pride Corp (PPC) by 17.14% based on its latest 2017Q3 regulatory filing with the SEC. Denali Advisors Llc sold 122,800 shares as the company’s stock rose 15.24% with the market. The institutional investor held 593,788 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $16.87M, down from 716,588 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Pilgrims Pride Corp for a number of months, seems to be less bullish one the $6.33 billion market cap company. The stock increased 2.33% or $0.58 during the last trading session, reaching $25.43. About 1.26M shares traded. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 5.02% since March 16, 2017 and is downtrending. It has underperformed by 21.72% the S&P500.

Denali Advisors Llc, which manages about $357.49 million and $604.52 million US Long portfolio, upped its stake in Viacom Inc Cl B (NASDAQ:VIAB) by 115,500 shares to 253,000 shares, valued at $7.04M in 2017Q3, according to the filing. It also increased its holding in Illinois Tool Works Inc. (NYSE:ITW) by 21,200 shares in the quarter, for a total of 85,213 shares, and has risen its stake in Ppl Corporation (NYSE:PPL).

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on May, 2. They expect $0.55 EPS, up 44.74 % or $0.17 from last year’s $0.38 per share. PPC’s profit will be $136.82M for 11.56 P/E if the $0.55 EPS becomes a reality. After $0.58 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -5.17 % negative EPS growth.

Pilgrim's Pride Corporation (NASDAQ:PPC) Ratings Coverage

Among 6 analysts covering Pilgrims Pride (NASDAQ:PPC), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Pilgrims Pride had 22 analyst reports since October 30, 2015 according to SRatingsIntel. Jefferies maintained Pilgrim's Pride Corporation (NASDAQ:PPC) rating on Wednesday, October 12. Jefferies has “Hold” rating and $21 target. As per Friday, August 25, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating given on Tuesday, September 5 by Vertical Group. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) earned “Hold” rating by BMO Capital Markets on Monday, June 26. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, March 27 report. The firm earned “Outperform” rating on Friday, October 30 by BMO Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, February 27. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) has “Buy” rating given on Wednesday, March 14 by Vertical Group. The company was maintained on Tuesday, August 15 by Jefferies. The stock has “Hold” rating by Jefferies on Wednesday, November 15.

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