XTX Topco Ltd Lowers Stock Holdings in Pilgrim's Pride Corporation $PPC

XTX Topco Ltd reduced its position in Pilgrim's Pride Corporation (NASDAQ:PPC - Free Report) by 87.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,096 shares of the company's stock after selling 64,294 shares during the quarter. XTX Topco Ltd's holdings in Pilgrim's Pride were worth $409,000 at the end of the most recent quarter.Get Pilgrim's Pride alerts:Seize the Opportunity: Beyond Meat’s New Steak Could Spark GrowthA number of other large investors also recently modified their holdings of PPC. Dimensional Fund Advisors LP boosted its stake in Pilgrim's Pride by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,903,586 shares of the company's stock worth $158,261,000 after buying an additional 29,549 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Pilgrim's Pride by 25.9% in the 1st quarter. AQR Capital Management LLC now owns 2,370,927 shares of the company's stock worth $128,599,000 after acquiring an additional 487,219 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Pilgrim's Pride by 15.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,243,039 shares of the company's stock valued at $67,758,000 after purchasing an additional 166,967 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Pilgrim's Pride by 11.7% during the 2nd quarter. Assetmark Inc. now owns 1,196,423 shares of the company's stock valued at $53,815,000 after purchasing an additional 125,530 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Pilgrim's Pride by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 942,181 shares of the company's stock valued at $42,385,000 after purchasing an additional 6,873 shares during the last quarter. 16.64% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings ChangesSeveral research analysts have recently commented on PPC shares. Wall Street Zen raised Pilgrim's Pride from a "hold" rating to a "buy" rating in a research note on Friday, November 28th. Zacks Research upgraded shares of Pilgrim's Pride from a "strong sell" rating to a "hold" rating in a research note on Friday, November 7th. The Goldman Sachs Group dropped their price objective on shares of Pilgrim's Pride from $54.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pilgrim's Pride in a research note on Monday. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $47.00.Beyond Meat Forecast: Is There Any Hope Left for This Stock?Check Out Our Latest Stock Analysis on Pilgrim's PridePilgrim's Pride Stock PerformanceShares of Pilgrim's Pride stock opened at $39.74 on Friday. Pilgrim's Pride Corporation has a 1 year low of $35.73 and a 1 year high of $57.16. The firm's 50-day moving average is $38.20 and its 200 day moving average is $43.32. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 7.70 and a beta of 0.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.51 and a quick ratio of 0.78. Analysts Agree, This Could Be Tyson Stock’s Comeback YearPilgrim's Pride (NASDAQ:PPC - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.11. Pilgrim's Pride had a net margin of 6.70% and a return on equity of 38.17%. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.65 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Pilgrim's Pride Corporation will post 5.13 EPS for the current fiscal year. Pilgrim's Pride Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than Pilgrim's PrideWhat is Put Option Volume?Gates Foundation Sells MSFT Stock—Should Investors Be Worried?Upcoming IPO Stock Lockup Period, ExplainedMarketBeat Week in Review – 12/1 - 12/5There Are Different Types of Stock To Invest InRocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Pilgrim's Pride Right Now?Before you consider Pilgrim's Pride, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pilgrim's Pride wasn't on the list.While Pilgrim's Pride currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here