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 ($2.3m this quarter). Holder counts are more reliable. Shares outstanding: 236.8m as of 2023-07-26, 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 ≈ $21.46. Options: 8 managers hold calls ($30.6m notional), 3 hold puts ($3.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 233 |
| Q4 2022 | 232 |
| Q1 2023 | 217 |
| Q2 2023 | 213 |
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 |
| Q2 2023 | 95 | 124 |
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 |
| Q2 2023 | $30.6m | $3.1m | 0.10 |
Biggest buyers
| DIMENSIONAL FUND ADVISORS LP | Added | +535.5k |
| Appian Way Asset Management LP | Added | +513.0k |
| JPMORGAN CHASE & CO | Added | +492.9k |
| Rheos Capital Works Inc. | New | +463.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +370.5k |
| MOORE CAPITAL MANAGEMENT, LP | New | +368.7k |
| CITADEL ADVISORS LLC | Added | +335.4k |
| EASTERLY INVESTMENT PARTNERS LLC | Added | +300.6k |
| COHEN & STEERS, INC. | Added | +265.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +204.7k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -734.4k |
| VANGUARD GROUP INC | Reduced | -695.1k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -676.0k |
| Herr Investment Group LLC | Sold out | -642.9k |
| Weiss Multi-Strategy Advisers LLC | Reduced | -550.5k |
| BlackRock Inc. | Reduced | -472.3k |
| Balyasny Asset Management L.P. | Reduced | -423.7k |
| LSV ASSET MANAGEMENT | Sold out | -332.4k |
| Brandywine Global Investment Management, LLC | Sold out | -271.6k |
| CoreCommodity Management, LLC | Reduced | -251.8k |
Biggest calls
| Appian Way Asset Management LP | New | $25.9m1.2m shares |
| Caption Management, LLC | New | $3.2m146.6k shares |
| CITADEL ADVISORS LLC | Reduced | $717.8k33.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $629.7k29.3k shares |
| Walleye Trading LLC | New | $154.7k7.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $27.0k1.3k shares |
| GROUP ONE TRADING LLC | Reduced | $4.3k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m58.5k shares |
| Private Capital Management, LLC | New | $1.1m50.0k shares |
| CITADEL ADVISORS LLC | Reduced | $782.2k36.4k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 4.4m $93.7m | Reduced -695.1k |
| BlackRock Inc. 0.00% of their portfolio | 4.1m $87.1m | Reduced -472.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.2m $69.5m | Added +535.5k |
| Appian Way Asset Management LP 18.57% of their portfolio | 2.1m $45.8m | Added +513.0k |
| Candlestick Capital Management LP 1.34% of their portfolio | 1.9m $39.8m | Reduced -50.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $27.8m | Reduced -26.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $27.0m | Added +61.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.2m $25.8m | Reduced -5.5k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.1m $23.7m | Reduced -676.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.1m $23.4m | Added +204.7k |
| Atlas FRM LLC 3.92% of their portfolio | 955.0k $20.5m | Reduced -95.0k |
| MORGAN STANLEY 0.00% of their portfolio | 946.2k $20.3m | Added +85.5k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 864.0k $18.6m | Reduced -116.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 841.1k $18.1m | Added +8.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 751.0k $16.1m | Added +11.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 694.5k $14.9m | Added +492.9k |
| Invesco Ltd. 0.00% of their portfolio | 590.2k $12.7m | Reduced -32.2k |
| EASTERLY INVESTMENT PARTNERS LLC 1.10% of their portfolio | 571.6k $12.3m | Added +300.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 522.4k $11.2m | Reduced -7.6k |
| Rheos Capital Works Inc. 0.54% of their portfolio | 463.5k $10.0m | New |
| NORGES BANK 0.00% of their portfolio | 444.3k $9.5m | Unchanged |
| Weiss Multi-Strategy Advisers LLC 0.19% of their portfolio | 414.5k $8.9m | Reduced -550.5k |
| J. Goldman & Co LP 0.50% of their portfolio | 407.4k $8.8m | Added +43.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 396.3k $8.5m | Added +370.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 378.3k $8.1m | Added +335.4k |
| MOORE CAPITAL MANAGEMENT, LP 0.19% of their portfolio | 368.7k $7.9m | New |
| COHEN & STEERS, INC. 0.02% of their portfolio | 342.0k $7.3m | Added +265.6k |
| Alberta Investment Management Corp 0.07% of their portfolio | 338.0k $7.3m | Added +150.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 324.9k $7.0m | Reduced -18.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 309.8k $6.7m | Reduced -76.2k |
| Redwood Investment Management, LLC 0.62% of their portfolio | 306.9k $6.0m | Reduced -21.9k |
| FMR LLC 0.00% of their portfolio | 297.5k $6.4m | Added +105.4k |
| TWINBEECH CAPITAL LP 0.08% of their portfolio | 197.7k $4.2m | Added +64.1k |
| Caption Management, LLC 0.65% of their portfolio | 170.3k $3.7m | New |
| South Dakota Investment Council 0.08% of their portfolio | 169.1k $3.6m | Reduced -2.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 168.5k $3.6m | Reduced -9.9k |
| AE Wealth Management LLC 0.02% of their portfolio | 164.3k $3.5m | New |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 163.9k $3.6m | Added +61.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 163.1k $3.5m | Reduced -14.5k |
| Polar Asset Management Partners Inc. 0.07% of their portfolio | 155.5k $3.3m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 140.1k $3.0m | Reduced -9.4k |
| Man Group plc 0.01% of their portfolio | 135.8k $2.9m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 134.3k $2.9m | Reduced -6.8k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 133.2k $2.9m | Reduced -617 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 122.7k $2.6m | Reduced -734.4k |
| MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio | 121.7k $2.6m | Reduced -112.3k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 118.6k $2.5m | Added +106.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 116.9k $2.5m | Added +84.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 115.2k $2.5m | Added +35.3k |
| SG Americas Securities, LLC 0.02% of their portfolio | 104.9k $2.3m | Added +73.6k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 104.8k $2.3m | Reduced -423.7k |
| Swiss National Bank 0.00% of their portfolio | 102.9k $2.2m | Added +800 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 101.4k $2.2m | Reduced -3.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 96.2k $2.1m | Added +23.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 93.0k $2.0m | Reduced -7.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 91.0k $2.0m | Reduced -146.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 88.6k $1.9m | Added +16.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 84.0k $1.8m | Added +73.5k |
| BURNEY CO/ 0.08% of their portfolio | 83.0k $1.8m | Reduced -136.7k |
| NATIXIS 0.02% of their portfolio | 82.3k $1.8m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 80.8k $1.7m | Reduced -195.3k |
| Legal & General Group Plc 0.00% of their portfolio | 76.1k $1.6m | Reduced -2.4k |
| Bridgewater Associates, LP 0.01% of their portfolio | 74.5k $1.6m | Reduced -6.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 68.2k $1.6m | Unchanged |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 67.8k $1.5m | Reduced -1.7k |
| Private Capital Management, LLC 0.17% of their portfolio | 67.0k $1.4m | Added +45.0k |
| Holocene Advisors, LP 0.01% of their portfolio | 64.5k $1.4m | Added +9.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 60.0k $1.3m | Reduced -72.4k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 58.7k $1.3m | Reduced -162.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 58.1k $1.2m | Added +40.8k |
| Retirement Systems of Alabama 0.01% of their portfolio | 58.0k $1.2m | Reduced -740 |
| Wolf Group Capital Advisors 0.63% of their portfolio | 57.2k $1.3m | Reduced -2.0k |
| Engineers Gate Manager LP 0.05% of their portfolio | 57.1k $1.2m | Added +14.3k |
| UBS Group AG 0.00% of their portfolio | 56.1k $1.2m | Reduced -30.6k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 55.5k $1.2m | Added +10.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.4k $1.2m | Reduced -3.6k |
| Trexquant Investment LP 0.03% of their portfolio | 54.6k $1.2m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 54.1k $1.2m | Reduced -7.0k |
| PAX Financial Group, LLC 0.24% of their portfolio | 49.3k $1.1m | Added +4.8k |
| DUALITY ADVISERS, LP 0.13% of their portfolio | 48.8k $1.0m | New |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 46.6k $1.0m | Unchanged |
| TOWLE & CO 0.13% of their portfolio | 45.7k $983.0k | Added +4.6k |
| Squarepoint Ops LLC 0.01% of their portfolio | 45.5k $978.4k | Added +35.0k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 45.0k $967.0k | Reduced -147.3k |
| Inspire Advisors, LLC 0.19% of their portfolio | 44.9k $964.0k | Added +6.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 43.2k $928.0k | Reduced -11.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 40.6k $872.1k | Reduced -10.6k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 39.6k $851.1k | Reduced -690 |
| HRT FINANCIAL LP 0.01% of their portfolio | 38.4k $825.0k | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 36.7k $788.0k | Reduced -166.6k |
| PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio | 36.0k $774.4k | Added +15.1k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 35.7k $767.8k | Added +3.8k |
| Empowered Funds, LLC 0.03% of their portfolio | 34.6k $743.8k | Reduced -233.8k |
| EA Series Trust 0.03% of their portfolio | 34.6k $743.8k | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 34.2k $738.0k | Added +5.1k |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 33.8k $725.6k | Reduced -76 |
| ISLAY CAPITAL MANAGEMENT, LLC 0.63% of their portfolio | 33.3k $716.0k | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 32.6k $701.5k | Reduced -3.6k |
| ELEMENT CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 31.7k $681.8k | New |
| Horrell Capital Management, Inc. 0.20% of their portfolio | 29.5k $634.0k | Added +4 |