Horrell Capital Management buys $646,650 stake in Pilgrim's Pride Corporation (PPC)

Pilgrim's Pride Corporation (PPC) : Horrell Capital Management scooped up 218 additional shares in Pilgrim's Pride Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,000 shares of Pilgrim's Pride Corporation which is valued at $646,650.Pilgrim's Pride Corporation makes up approximately 0.40% of Horrell Capital Management’s portfolio.

Pilgrim's Pride Corporation closed down -0.12 points or -0.51% at $23.48 with 20,87,476 shares getting traded on Wednesday. Post opening the session at $23.39, the shares hit an intraday low of $23.29 and an intraday high of $23.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network sold out all of its stake in PPC during the most recent quarter. The investment firm sold 63 shares of PPC which is valued $1,509.First Quadrant L Pca reduced its stake in PPC by selling 83,023 shares or 52.31% in the most recent quarter. The Hedge Fund company now holds 75,700 shares of PPC which is valued at $1,813,015. Pilgrim's Pride Corporation makes up approx 0.04% of First Quadrant L Pca’s portfolio.Acadian Asset Management boosted its stake in PPC in the latest quarter, The investment management firm added 231,257 additional shares and now holds a total of 5,143,461 shares of Pilgrim's Pride Corporation which is valued at $129,049,436. Pilgrim's Pride Corporation makes up approx 0.65% of Acadian Asset Management’s portfolio. Proficio Capital Partners added PPC to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $279.

On the company’s financial health, Pilgrim's Pride Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.38. The company had revenue of $1962.90 million for the quarter, compared to analysts expectations of $1975.79 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.82 EPS.

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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