Denali Advisors LLC Lowered Its Pilgrims Pride Corp (PPC) Holding by $3.44 Million; Stock Rose

March 16, 2018 - By Graig Alexander

Investors sentiment increased to 1.37 in 2017 Q3. 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. Stifel Fincl Corporation owns 19,109 shares or 0% of their US portfolio. Navellier And Assocs has invested 0.09% in Pilgrim's Pride Corporation (NASDAQ:PPC). Employees Retirement Association Of Colorado has 1,664 shares. C M Bidwell & Associate invested in 1.24% or 28,415 shares. United Kingdom-based Baring Asset Limited has invested 0.02% in Pilgrim's Pride Corporation (NASDAQ:PPC). Hsbc Hldgs Public Ltd invested in 0% or 81,714 shares. Paloma Prtn Communication accumulated 38,809 shares. Raymond James Fincl Advsrs Incorporated invested in 0% or 8,823 shares. Cap Advisers Limited Co reported 0.01% in Pilgrim's Pride Corporation (NASDAQ:PPC). Gotham Asset Llc holds 0.02% or 37,237 shares. State Street Corp invested in 785,513 shares. Aqr Cap Management Limited Liability accumulated 0.1% or 2.91 million shares. National Bank & Trust Of New York Mellon owns 571,413 shares. Legal & General Grp Incorporated Public Limited Co holds 0% in Pilgrim's Pride Corporation (NASDAQ:PPC) or 26,953 shares. 4.15M were accumulated by Jpmorgan Chase.

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 $16.87 million, 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 $6.33B 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 $357.49M and $604.52 million US Long portfolio, upped its stake in Epr Properties (NYSE:EPR) by 85,300 shares to 190,700 shares, valued at $13.30 million in 2017Q3, according to the filing. It also increased its holding in Ppl Corporation (NYSE:PPL) by 397,600 shares in the quarter, for a total of 426,348 shares, and has risen its stake in Illinois Tool Works Inc. (NYSE:ITW).

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on May, 2. They expect $0.55 earnings per share, 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 earnings per share 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. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 30. BMO Capital Markets maintained Pilgrim's Pride Corporation (NASDAQ:PPC) on Friday, August 25 with “Hold” rating. The rating was downgraded by BMO Capital Markets to “Market Perform” on Monday, June 6. On Tuesday, September 5 the stock rating was downgraded by Vertical Group to “Hold”. The firm has “Buy” rating by Vertical Group given on Wednesday, March 14. The firm has “Overweight” rating given on Friday, December 2 by KeyBanc Capital Markets. The rating was initiated by Jefferies on Wednesday, December 16 with “Hold”. The firm earned “Hold” rating on Wednesday, October 12 by Jefferies. The firm has “Hold” rating by Jefferies given on Tuesday, January 2. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, February 27.

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