PILGRIMS PRIDE CORP PPC
COM · Common Stock · CUSIP 72147K108 · ISIN US72147K1088
Brazilian-owned, American food company
- SectorConsumer staples
- IndustryPoultry Slaughtering and Processing
- HeadquartersGreeley, CO
- Founded1946
- Websitepilgrims.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.5m this quarter). Holder counts are more reliable. Shares outstanding: 236.7m as of 2023-04-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $23.23. Options: 6 managers hold calls ($4.3m notional), 6 hold puts ($5.1m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 233 |
| Q4 2022 | 232 |
| Q1 2023 | 217 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 115 | 128 |
| Q1 2023 | 90 | 121 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.4m | $3.3m | 0.97 |
| Q4 2022 | $94.4m | $4.3m | 0.05 |
| Q1 2023 | $4.3m | $5.1m | 1.20 |
Biggest buyers
| Candlestick Capital Management LP | Added | +1.1m |
| Weiss Multi-Strategy Advisers LLC | Added | +723.1k |
| Appian Way Asset Management LP | Added | +654.8k |
| Balyasny Asset Management L.P. | Added | +523.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +346.5k |
| Herr Investment Group LLC | Added | +346.0k |
| Point72 Asset Management, L.P. | New | +276.1k |
| FIRST TRUST ADVISORS LP | Added | +275.8k |
| Cinctive Capital Management LP | New | +241.5k |
| BANK OF AMERICA CORP /DE/ | Added | +239.0k |
Biggest sellers
| PRUDENTIAL FINANCIAL INC | Reduced | -1.6m |
| VANGUARD GROUP INC | Reduced | -916.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -684.7k |
| Invesco Ltd. | Reduced | -530.1k |
| BlackRock Inc. | Reduced | -394.8k |
| LSV ASSET MANAGEMENT | Reduced | -350.4k |
| Centre Asset Management, LLC | Sold out | -287.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -254.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -245.2k |
| HRT FINANCIAL LP | Sold out | -169.5k |
Biggest calls
| Private Capital Management, LLC | New | $1.9m80.0k shares |
| CITADEL ADVISORS LLC | Reduced | $890.1k38.4k shares |
| GROUP ONE TRADING LLC | Reduced | $799.7k34.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $667.6k28.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $44.0k1.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | New | $2.1m90.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m54.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m47.5k shares |
| Walleye Trading LLC | Added | $484.5k20.9k shares |
| SIMPLEX TRADING, LLC | New | $180.0k7.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
JBS USA HOLDING LUX S.A R.L.
13D · may seek influence
filed 2026-08-18
Stated purposeItem 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. T… Full filing |
82.1% |
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $7.5m | — |
| Q3 2022 | 0 | — | 1 | $1.0m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $366.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-16 | Sandri Fabio President and CEO | Sold | $298.0k12.2k shares |
| 2023-02-16 | Galvanoni Matthew R Chief Financial Officer | Sold | $68.3k2.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 5.1m $117.2m | Reduced -916.6k |
| BlackRock Inc. 0.00% of their portfolio | 4.5m $104.9m | Reduced -394.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.7m $62.5m | Added +150.7k |
| Candlestick Capital Management LP 1.48% of their portfolio | 1.9m $44.0m | Added +1.1m |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 1.8m $41.2m | Reduced -245.2k |
| Appian Way Asset Management LP 12.89% of their portfolio | 1.6m $37.5m | Added +654.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $30.6m | Added +20.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.2m $27.9m | Added +275.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $27.7m | Reduced -684.7k |
| Atlas FRM LLC 4.85% of their portfolio | 1.1m $24.3m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 980.9k $22.7m | Reduced -133.8k |
| Weiss Multi-Strategy Advisers LLC 0.55% of their portfolio | 965.0k $22.4m | Added +723.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 883.6k $20.5m | Added +346.5k |
| MORGAN STANLEY 0.00% of their portfolio | 860.6k $19.9m | Added +112.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 857.1k $19.9m | Added +239.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 832.9k $19.3m | Added +22.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 739.4k $17.1m | Reduced -8.5k |
| Herr Investment Group LLC 3.70% of their portfolio | 642.9k $14.9m | Added +346.0k |
| Invesco Ltd. 0.00% of their portfolio | 622.4k $14.4m | Reduced -530.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 530.0k $12.3m | Reduced -50.7k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 528.4k $12.2m | Added +523.8k |
| NORGES BANK 0.00% of their portfolio | 444.3k $10.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 386.0k $8.9m | Reduced -28.1k |
| J. Goldman & Co LP 0.49% of their portfolio | 364.0k $8.4m | Reduced -22.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 343.0k $7.9m | Reduced -8.5k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 332.4k $7.7m | Reduced -350.4k |
| Redwood Investment Management, LLC 0.82% of their portfolio | 328.9k $7.6m | Added +34.2k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 276.1k $6.4m | New |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 271.6k $6.3m | Added +222.2k |
| EASTERLY INVESTMENT PARTNERS LLC 0.55% of their portfolio | 271.0k $6.3m | Added +190.2k |
| Empowered Funds, LLC 0.37% of their portfolio | 268.5k $6.2m | Added +47.6k |
| CoreCommodity Management, LLC 1.70% of their portfolio | 256.0k $5.9m | Added +164.2k |
| Cinctive Capital Management LP 0.21% of their portfolio | 241.5k $5.6m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 238.0k $5.5m | Added +155.4k |
| MARTINGALE ASSET MANAGEMENT L P 0.10% of their portfolio | 234.0k $5.4m | Added +26.6k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 221.3k $5.1m | Reduced -135.7k |
| BURNEY CO/ 0.25% of their portfolio | 219.7k $5.1m | Added +15.6k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 203.2k $4.7m | Added +185.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 201.6k $4.7m | Added +9.7k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 192.3k $4.5m | New |
| FMR LLC 0.00% of their portfolio | 192.1k $4.5m | Added +122.8k |
| Alberta Investment Management Corp 0.04% of their portfolio | 188.0k $4.4m | Unchanged |
| STRS OHIO 0.01% of their portfolio | 185.5k $4.3m | Added +113.6k |
| Alyeska Investment Group, L.P. 0.04% of their portfolio | 184.4k $4.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 178.4k $4.1m | Added +1.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 177.5k $4.1m | Added +4.8k |
| South Dakota Investment Council 0.08% of their portfolio | 171.6k $4.0m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 149.4k $3.5m | Reduced -13.6k |
| COMMERCE BANK 0.03% of their portfolio | 145.7k $3.4m | Added +7.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 141.1k $3.3m | Added +4.2k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 133.8k $3.1m | Reduced -95 |
| TWINBEECH CAPITAL LP 0.06% of their portfolio | 133.6k $3.1m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 132.4k $3.1m | Reduced -102.1k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 126.3k $2.9m | Reduced -64.9k |
| Man Group plc 0.01% of their portfolio | 126.1k $2.9m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 104.6k $2.4m | Reduced -3.4k |
| Swiss National Bank 0.00% of their portfolio | 102.1k $2.4m | Reduced -13.3k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 102.0k $2.4m | Added +37.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 100.4k $2.3m | Reduced -144.4k |
| UBS Group AG 0.00% of their portfolio | 86.7k $2.0m | Reduced -115.4k |
| Bridgewater Associates, LP 0.01% of their portfolio | 81.2k $1.9m | Reduced -1.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 80.0k $1.9m | Reduced -39.5k |
| Legal & General Group Plc 0.00% of their portfolio | 78.5k $1.8m | Added +1.6k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 76.4k $1.8m | Reduced -151.2k |
| HANCOCK WHITNEY CORP 0.07% of their portfolio | 73.3k $1.7m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 72.8k $1.7m | Reduced -14.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 71.7k $1.7m | Added +10.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 71.2k $1.6m | Reduced -254.2k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 69.5k $1.6m | Reduced -653 |
| GROUP ONE TRADING LLC 0.08% of their portfolio | 68.9k $1.6m | Reduced -154.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 68.2k $1.6m | Reduced -7.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 61.1k $1.4m | Reduced -1.9k |
| Wolf Group Capital Advisors 0.68% of their portfolio | 59.2k $1.4m | Reduced -670 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 59.0k $1.4m | Reduced -1.3k |
| Retirement Systems of Alabama 0.01% of their portfolio | 58.7k $1.4m | Reduced -513 |
| Holocene Advisors, LP 0.01% of their portfolio | 55.5k $1.3m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 54.4k $1.3m | Reduced -1.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 54.2k $1.3m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 51.2k $1.2m | Reduced -10.3k |
| Tidal Investments LLC 0.02% of their portfolio | 47.0k $1.1m | Added +31.9k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 46.6k $1.1m | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 46.2k $1.1m | Reduced -19.8k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 45.3k $1.0m | Added +14 |
| PAX Financial Group, LLC 0.25% of their portfolio | 44.5k $1.0m | Added +25.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 42.9k $994.4k | Added +978 |
| Engineers Gate Manager LP 0.04% of their portfolio | 42.9k $993.6k | New |
| TOWLE & CO 0.13% of their portfolio | 41.1k $952.9k | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 40.3k $934.0k | Added +10.1k |
| Inspire Advisors, LLC 0.20% of their portfolio | 38.6k $894.1k | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 37.0k $858.7k | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 36.2k $839.2k | Reduced -758 |
| Sequoia Financial Advisors, LLC 0.02% of their portfolio | 33.8k $784.4k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 32.8k $759.9k | Added +2.5k |
| AMALGAMATED BANK 0.01% of their portfolio | 32.4k $750.0k | Reduced -7.6k |
| CITIGROUP INC 0.00% of their portfolio | 32.2k $747.1k | Reduced -6.5k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 31.9k $739.3k | Added +9.8k |
| SG Americas Securities, LLC 0.01% of their portfolio | 31.3k $725.0k | Reduced -6.5k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 31.2k $723.0k | Reduced -703 |
| Horrell Capital Management, Inc. 0.21% of their portfolio | 29.5k $684.0k | Added +184 |
| HighTower Advisors, LLC 0.00% of their portfolio | 29.1k $680.0k | Added +3.5k |