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 ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 236.8m as of 2023-10-25, 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 ≈ $27.65. Options: 15 managers hold calls ($154.7m notional), 8 hold puts ($12.9m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 233 |
| Q4 2022 | 232 |
| Q1 2023 | 217 |
| Q2 2023 | 213 |
| Q3 2023 | 204 |
| Q4 2023 | 248 |
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 |
| Q3 2023 | 79 | 122 |
| Q4 2023 | 132 | 88 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $4.3m | $5.1m | 1.20 |
| Q2 2023 | $30.6m | $3.1m | 0.10 |
| Q3 2023 | $49.7m | $5.5m | 0.11 |
| Q4 2023 | $154.7m | $12.9m | 0.08 |
Biggest buyers
| MORGAN STANLEY | Added | +1.3m |
| Balyasny Asset Management L.P. | Added | +840.9k |
| PRUDENTIAL FINANCIAL INC | Added | +550.4k |
| VAN ECK ASSOCIATES CORP | Added | +328.7k |
| CITADEL ADVISORS LLC | Added | +221.2k |
| NOMURA HOLDINGS INC | Added | +190.8k |
| DEUTSCHE BANK AG\ | Added | +189.0k |
| Artemis Investment Management LLP | New | +185.5k |
| MARSHALL WACE, LLP | Added | +184.9k |
| Verition Fund Management LLC | New | +181.6k |
Biggest sellers
| Atlas FRM LLC | Sold out | -780.0k |
| FIRST TRUST ADVISORS LP | Reduced | -689.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -631.9k |
| Weiss Multi-Strategy Advisers LLC | Reduced | -599.3k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -367.5k |
| Appian Way Asset Management LP | Reduced | -351.1k |
| Itau Unibanco Holding S.A. | Sold out | -180.0k |
| Rheos Capital Works Inc. | Sold out | -171.5k |
| Cinctive Capital Management LP | Reduced | -147.9k |
| NATIONAL BANK OF CANADA /FI/ | Sold out | -143.1k |
Biggest calls
| Appian Way Asset Management LP | Added | $85.6m3.1m shares |
| CITADEL ADVISORS LLC | Added | $25.5m923.4k shares |
| Squarepoint Ops LLC | New | $11.4m411.3k shares |
| Quarry LP | New | $8.3m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m248.9k shares |
| WOLVERINE TRADING, LLC | New | $5.0m180.1k shares |
| Caption Management, LLC | Added | $3.7m132.4k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $2.8m100.0k shares |
| Weiss Multi-Strategy Advisers LLC | New | $2.8m100.0k shares |
| Walnut Level Capital LLC | First filing | $1.4m50.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.8m209.6k shares |
| CITADEL ADVISORS LLC | Added | $3.3m120.1k shares |
| Caption Management, LLC | Added | $1.8m66.0k shares |
| Squarepoint Ops LLC | New | $1.4m50.0k shares |
| Walleye Capital LLC | Reduced | $376.2k13.6k shares |
| SIMPLEX TRADING, LLC | New | $149.0k5.4k shares |
| GROUP ONE TRADING LLC | New | $22.1k800 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 4.1m $113.3m | Reduced -46.5k |
| BlackRock Inc. 0.00% of their portfolio | 3.8m $105.2m | Added +75.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.7m $102.1m | Added +72.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $62.9m | Added +1.3m |
| Thrivent Financial for Lutherans 0.11% of their portfolio | 1.9m $52.4m | Reduced -15.2k |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 1.3m $35.9m | Added +328.7k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 1.2m $34.1m | Added +840.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $34.1m | Added +19.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.2m $32.6m | Reduced -631.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $32.6m | Reduced -28.8k |
| Appian Way Asset Management LP 10.08% of their portfolio | 1.1m $31.1m | Reduced -351.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 824.1k $22.8m | Added +11.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 734.6k $20.3m | Added +8.2k |
| EASTERLY INVESTMENT PARTNERS LLC 1.87% of their portfolio | 632.8k $17.5m | Reduced -78.7k |
| Invesco Ltd. 0.00% of their portfolio | 603.3k $16.7m | Added +9.9k |
| Candlestick Capital Management LP 0.53% of their portfolio | 600.0k $16.6m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 585.0k $16.2m | Added +550.4k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 512.9k $14.2m | Reduced -689.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 512.6k $14.2m | Added +221.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 471.1k $13.0m | Added +56.3k |
| Weiss Multi-Strategy Advisers LLC 0.33% of their portfolio | 468.3k $13.0m | Reduced -599.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 392.3k $10.9m | Reduced -101.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 317.6k $8.8m | Added +33.6k |
| J. Goldman & Co LP 0.47% of their portfolio | 306.3k $8.5m | Added +159.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 293.6k $8.1m | Added +12.7k |
| Walnut Level Capital LLC 7.20% of their portfolio | 290.7k $8.0m | First filing |
| NORGES BANK 0.00% of their portfolio | 284.0k $7.9m | Reduced -124.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 282.9k $7.8m | Added +55 |
| FMR LLC 0.00% of their portfolio | 255.0k $7.1m | Reduced -45.4k |
| Alberta Investment Management Corp 0.07% of their portfolio | 250.0k $6.9m | Unchanged |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 247.5k $6.8m | Added +88.8k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 245.0k $6.8m | Reduced -68.3k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 237.0k $6.6m | Added +10.9k |
| Trexquant Investment LP 0.14% of their portfolio | 231.1k $6.4m | Added +102.2k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 215.8k $6.0m | Added +190.8k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 208.4k $5.8m | Added +184.9k |
| Walleye Capital LLC 0.08% of their portfolio | 203.1k $5.6m | Added +162.8k |
| Polar Asset Management Partners Inc. 0.15% of their portfolio | 202.5k $5.6m | Added +16.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 192.7k $5.3m | Added +189.0k |
| Artemis Investment Management LLP 0.08% of their portfolio | 185.5k $5.1m | New |
| Redwood Investment Management, LLC 0.47% of their portfolio | 184.9k $5.1m | Reduced -119.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 182.5k $5.0m | Reduced -96.6k |
| Caption Management, LLC 0.55% of their portfolio | 182.3k $5.0m | Added +41.0k |
| Verition Fund Management LLC 0.05% of their portfolio | 181.6k $5.0m | New |
| CASTLEARK MANAGEMENT LLC 0.21% of their portfolio | 170.9k $4.7m | New |
| Walleye Trading LLC 0.07% of their portfolio | 170.9k $4.7m | Added +160.8k |
| South Dakota Investment Council 0.10% of their portfolio | 165.8k $4.6m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 155.0k $4.3m | Reduced -367.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 152.5k $4.2m | Added +24.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 148.1k $4.1m | Reduced -277 |
| BARINGS LLC 0.13% of their portfolio | 146.9k $4.1m | New |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 133.2k $3.7m | Reduced -84.8k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 132.1k $3.7m | Reduced -265 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 128.5k $3.6m | Added +4.5k |
| GROUP ONE TRADING LLC 0.11% of their portfolio | 127.0k $3.5m | Added +111.0k |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 126.8k $3.5m | First filing |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 121.4k $3.4m | Reduced -3.3k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.47% of their portfolio | 119.3k $3.3m | Added +30.9k |
| Amundi 0.00% of their portfolio | 115.4k $3.3m | Added +55.2k |
| BARCLAYS PLC 0.00% of their portfolio | 111.2k $3.1m | Added +89.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 109.1k $3.0m | Reduced -136.5k |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 108.2k $3.0m | Reduced -5.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 96.4k $2.7m | Added +15.6k |
| Swiss National Bank 0.00% of their portfolio | 93.3k $2.6m | Reduced -10.7k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.34% of their portfolio | 89.9k $2.5m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 81.7k $2.3m | Reduced -4.2k |
| Dean Capital Management 1.36% of their portfolio | 79.6k $2.2m | Added +28.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 79.6k $2.2m | Added +13.9k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 78.7k $2.2m | Added +58.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 74.6k $2.1m | Added +50.5k |
| Bridgewater Associates, LP 0.01% of their portfolio | 70.9k $2.0m | Reduced -8.0k |
| GTS SECURITIES LLC 0.04% of their portfolio | 69.5k $1.9m | New |
| Legal & General Group Plc 0.00% of their portfolio | 68.1k $1.9m | Reduced -3.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 67.0k $1.9m | Reduced -6.4k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 62.0k $1.7m | Added +29.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 58.5k $1.6m | Added +13.0k |
| Wolf Group Capital Advisors 0.58% of their portfolio | 57.1k $1.2m | Added +3.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 56.7k $1.6m | Added +1.0k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 54.4k $1.5m | Reduced -2.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 52.8k $1.5m | Reduced -38.2k |
| Retirement Systems of Alabama 0.01% of their portfolio | 50.4k $1.4m | Added +156 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 50.0k $1.4m | Reduced -2.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 49.0k $1.4m | Reduced -1.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 49.0k $1.4m | Reduced -18.8k |
| PDT Partners, LLC 0.15% of their portfolio | 48.6k $1.3m | New |
| Cinctive Capital Management LP 0.09% of their portfolio | 48.2k $1.3m | Reduced -147.9k |
| CoreCommodity Management, LLC 0.39% of their portfolio | 47.3k $1.3m | New |
| Jump Financial, LLC 0.04% of their portfolio | 46.7k $1.3m | Added +33.5k |
| Nebula Research & Development LLC 0.39% of their portfolio | 46.6k $1.3m | New |
| BURNEY CO/ 0.05% of their portfolio | 45.2k $1.3m | Reduced -24.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 43.3k $1.2m | Added +39 |
| Campbell & CO Investment Adviser LLC 0.10% of their portfolio | 41.0k $1.1m | New |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 39.9k $1.1m | New |
| TWINBEECH CAPITAL LP 0.02% of their portfolio | 39.0k $1.1m | New |
| TOWLE & CO 0.12% of their portfolio | 38.1k $1.1m | Reduced -6.1k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.15% of their portfolio | 36.9k $1.0m | New |
| CHESAPEAKE CAPITAL CORP /IL/ 0.73% of their portfolio | 36.3k $1.0m | First filing |
| Access Investment Management LLC 0.37% of their portfolio | 36.2k $1.0m | First filing |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 35.8k $989.0k | Added +26.9k |
| Creative Planning 0.00% of their portfolio | 34.8k $963.6k | Reduced -6.9k |