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 ($6.2m this quarter). Holder counts are more reliable. Shares outstanding: 236.9m as of 2024-05-01, 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 ≈ $34.30. Options: 15 managers hold calls ($99.6m notional), 10 hold puts ($27.1m).
Trends to Q1 2024
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 |
| Q1 2024 | 268 |
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 |
| Q1 2024 | 142 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $30.6m | $3.1m | 0.10 |
| Q3 2023 | $49.7m | $5.5m | 0.11 |
| Q4 2023 | $154.7m | $12.9m | 0.08 |
| Q1 2024 | $99.6m | $27.1m | 0.27 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +964.0k |
| MORGAN STANLEY | Added | +847.0k |
| CITADEL ADVISORS LLC | Added | +372.2k |
| Caption Management, LLC | Added | +368.6k |
| Squarepoint Ops LLC | Added | +312.4k |
| Cubist Systematic Strategies, LLC | Added | +290.6k |
| Amundi | Added | +260.4k |
| ExodusPoint Capital Management, LP | New | +242.1k |
| MOORE CAPITAL MANAGEMENT, LP | New | +240.9k |
| WOLVERINE TRADING, LLC | Added | +222.7k |
Biggest sellers
| Appian Way Asset Management LP | Reduced | -1.1m |
| Candlestick Capital Management LP | Sold out | -600.0k |
| Balyasny Asset Management L.P. | Reduced | -501.3k |
| Weiss Multi-Strategy Advisers LLC | Sold out | -468.3k |
| FIRST TRUST ADVISORS LP | Reduced | -340.9k |
| J. Goldman & Co LP | Sold out | -306.3k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -284.9k |
| Alberta Investment Management Corp | Sold out | -250.0k |
| NOMURA HOLDINGS INC | Sold out | -215.8k |
| Point72 Asset Management, L.P. | Reduced | -199.3k |
Biggest calls
| Appian Way Asset Management LP | Reduced | $64.4m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.5m247.6k shares |
| JANE STREET GROUP, LLC | New | $6.9m201.4k shares |
| GROUP ONE TRADING LLC | Added | $3.9m113.9k shares |
| Caption Management, LLC | Reduced | $3.8m111.4k shares |
| Walleye Trading LLC | New | $2.8m81.1k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m74.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m46.8k shares |
| IMC-Chicago, LLC | New | $1.5m42.4k shares |
| Walleye Capital LLC | Added | $1.3m38.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.0m291.7k shares |
| CITADEL ADVISORS LLC | Added | $5.5m160.9k shares |
| Caption Management, LLC | Added | $4.9m142.4k shares |
| WOLVERINE TRADING, LLC | New | $3.9m114.9k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m31.9k shares |
| Walleye Capital LLC | Added | $737.9k21.5k shares |
| TWO SIGMA SECURITIES, LLC | New | $511.4k14.9k shares |
| Walleye Trading LLC | New | $336.3k9.8k shares |
| GROUP ONE TRADING LLC | Added | $58.3k1.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $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 2024
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 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 | — | — |
| Q1 2024 | 0 | — | 1 | $1.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-14 | Sandri Fabio President and CEO | Sold | $1.3m40.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 4.2m $145.3m | Added +137.0k |
| BlackRock Inc. 0.00% of their portfolio | 4.0m $136.4m | Added +168.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.4m $116.9m | Reduced -284.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.1m $107.1m | Added +847.0k |
| Thrivent Financial for Lutherans 0.13% of their portfolio | 1.9m $64.8m | Reduced -8.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $43.5m | Added +91.2k |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 1.3m $43.1m | Reduced -44.7k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $42.8m | Added +13.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $38.3m | Added +964.0k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 996.2k $34.2m | Reduced -184.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 884.8k $30.4m | Added +372.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 854.5k $29.3m | Added +30.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 736.3k $25.3m | Added +1.7k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 733.2k $25.2m | Reduced -501.3k |
| Invesco Ltd. 0.01% of their portfolio | 695.1k $23.9m | Added +91.8k |
| EASTERLY INVESTMENT PARTNERS LLC 1.49% of their portfolio | 570.0k $19.6m | Reduced -62.8k |
| Caption Management, LLC 2.08% of their portfolio | 550.9k $18.9m | Added +368.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 544.1k $18.7m | Added +73.0k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 437.3k $15.0m | Reduced -147.7k |
| Amundi 0.01% of their portfolio | 375.8k $13.4m | Added +260.4k |
| Cubist Systematic Strategies, LLC 0.14% of their portfolio | 352.6k $12.1m | Added +290.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 341.6k $11.7m | Reduced -50.7k |
| Squarepoint Ops LLC 0.05% of their portfolio | 328.2k $11.3m | Added +312.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 283.4k $9.7m | Added +499 |
| WOLVERINE TRADING, LLC 0.09% of their portfolio | 258.4k $8.9m | Added +222.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 255.9k $8.8m | Reduced -37.7k |
| NORGES BANK 0.00% of their portfolio | 254.1k $8.7m | Reduced -29.9k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 242.1k $8.3m | New |
| MOORE CAPITAL MANAGEMENT, LP 0.17% of their portfolio | 240.9k $8.3m | New |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 238.6k $8.2m | Added +1.6k |
| Artemis Investment Management LLP 0.10% of their portfolio | 221.3k $7.6m | Added +35.9k |
| Polar Asset Management Partners Inc. 0.19% of their portfolio | 212.5k $7.3m | Added +10.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 207.9k $7.1m | Reduced -109.7k |
| Redwood Investment Management, LLC 0.67% of their portfolio | 206.2k $7.1m | Added +21.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 189.4k $6.5m | Reduced -19.0k |
| Advisors Preferred, LLC 1.10% of their portfolio | 188.8k $6.5m | New |
| WINTON GROUP Ltd 0.44% of their portfolio | 182.8k $6.3m | New |
| Walnut Level Capital LLC 5.15% of their portfolio | 178.7k $6.1m | Reduced -112.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 172.0k $5.9m | Reduced -340.9k |
| Verition Fund Management LLC 0.05% of their portfolio | 160.8k $5.5m | Reduced -20.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 159.3k $5.5m | New |
| South Dakota Investment Council 0.11% of their portfolio | 157.5k $5.4m | Reduced -8.3k |
| Walleye Capital LLC 0.06% of their portfolio | 157.4k $5.4m | Reduced -45.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 151.7k $5.2m | Added +3.6k |
| CASTLEARK MANAGEMENT LLC 0.21% of their portfolio | 150.6k $5.2m | Reduced -20.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 137.0k $4.7m | Reduced -17.9k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 132.1k $4.5m | Unchanged |
| BARINGS LLC 0.11% of their portfolio | 129.3k $4.4m | Reduced -17.6k |
| Susquehanna Portfolio Strategies, LLC 0.10% of their portfolio | 126.8k $4.4m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 123.5k $4.2m | Added +110.9k |
| Numerai GP LLC 1.83% of their portfolio | 123.4k $4.2m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.5k $4.2m | Reduced -70.2k |
| Man Group plc 0.01% of their portfolio | 121.0k $4.2m | Added +101.4k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.56% of their portfolio | 119.2k $4.1m | Reduced -132 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 117.1k $4.0m | Reduced -11.4k |
| Jump Financial, LLC 0.11% of their portfolio | 114.9k $3.9m | Added +68.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 114.3k $3.9m | Reduced -7.0k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 112.4k $3.9m | Reduced -132.6k |
| Trexquant Investment LP 0.08% of their portfolio | 112.3k $3.9m | Reduced -118.8k |
| Cinctive Capital Management LP 0.19% of their portfolio | 105.7k $3.6m | Added +57.4k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.57% of their portfolio | 94.4k $3.2m | Added +4.5k |
| Swiss National Bank 0.00% of their portfolio | 93.3k $3.2m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 88.8k $3.0m | Added +9.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 87.8k $3.0m | Added +87.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 85.1k $2.9m | Reduced -11.3k |
| Dean Capital Management 1.59% of their portfolio | 79.6k $2.7m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 79.5k $2.7m | Added +22.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio | 75.6k $2.6m | Reduced -32.6k |
| Appian Way Asset Management LP 0.83% of their portfolio | 73.7k $2.5m | Reduced -1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 70.3k $2.4m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 67.6k $2.3m | Added +629 |
| CoreCommodity Management, LLC 0.82% of their portfolio | 67.1k $2.3m | Added +19.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 66.4k $2.3m | New |
| Legal & General Group Plc 0.00% of their portfolio | 64.2k $2.2m | Reduced -4.0k |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 64.0k $2.2m | Added +24.1k |
| FMR LLC 0.00% of their portfolio | 63.7k $2.2m | Reduced -191.3k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 63.5k $2.2m | New |
| Bridgewater Associates, LP 0.01% of their portfolio | 62.4k $2.1m | Reduced -8.5k |
| Wolf Group Capital Advisors 0.58% of their portfolio | 57.1k $1.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 56.8k $1.9m | Reduced -1.7k |
| STRS OHIO 0.01% of their portfolio | 55.1k $1.9m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 54.2k $1.3m | Added +10.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 53.3k $1.8m | Reduced -1.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 52.8k $1.8m | Reduced -28.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 50.7k $1.7m | Reduced -23.8k |
| Retirement Systems of Alabama 0.01% of their portfolio | 50.5k $1.7m | Added +132 |
| PDT Partners, LLC 0.16% of their portfolio | 49.8k $1.7m | Added +1.2k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 48.6k $1.7m | Reduced -1.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 48.2k $1.7m | Reduced -199.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.0k $1.6m | Reduced -2.0k |
| BARCLAYS PLC 0.00% of their portfolio | 46.9k $1.6m | Reduced -64.3k |
| Alaska Permanent Fund Corp 0.02% of their portfolio | 45.3k $1.6m | Added +28.7k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 42.1k $1.4m | Added +33.4k |
| INCEPTIONR LLC 0.36% of their portfolio | 40.5k $1.4m | New |
| TOWLE & CO 0.15% of their portfolio | 38.1k $1.3m | Unchanged |
| Semanteon Capital Management, LP 0.83% of their portfolio | 37.9k $1.3m | New |
| Gotham Asset Management, LLC 0.02% of their portfolio | 37.5k $1.3m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 35.2k $1.2m | Added +456 |
| Creative Planning 0.00% of their portfolio | 35.0k $1.2m | Added +118 |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 33.8k $1.2m | Reduced -23 |