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: 237.1m as of 2024-07-31, 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 ≈ $38.49. Options: 10 managers hold calls ($10.5m notional), 10 hold puts ($11.9m).
Trends to Q2 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 |
| Q2 2024 | 294 |
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 |
| Q2 2024 | 157 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $49.7m | $5.5m | 0.11 |
| Q4 2023 | $154.7m | $12.9m | 0.08 |
| Q1 2024 | $99.6m | $27.1m | 0.27 |
| Q2 2024 | $10.5m | $11.9m | 1.13 |
Biggest buyers
| Man Group plc | Added | +569.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +501.8k |
| ExodusPoint Capital Management, LP | Added | +313.0k |
| VANGUARD GROUP INC | Added | +265.2k |
| BlackRock Inc. | Added | +249.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +235.8k |
| FIRST TRUST ADVISORS LP | Added | +234.3k |
| DEUTSCHE BANK AG\ | Added | +221.5k |
| BANK OF AMERICA CORP /DE/ | Added | +215.1k |
| Verition Fund Management LLC | Added | +201.5k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -806.5k |
| Caption Management, LLC | Sold out | -550.9k |
| CITADEL ADVISORS LLC | Reduced | -540.4k |
| Balyasny Asset Management L.P. | Reduced | -372.5k |
| PRUDENTIAL FINANCIAL INC | Reduced | -367.3k |
| Squarepoint Ops LLC | Sold out | -328.2k |
| EASTERLY INVESTMENT PARTNERS LLC | Reduced | -288.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -271.6k |
| WOLVERINE TRADING, LLC | Sold out | -258.4k |
Biggest calls
| Walleye Capital LLC | Added | $4.2m107.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m88.1k shares |
| Squarepoint Ops LLC | New | $1.0m26.0k shares |
| CITADEL ADVISORS LLC | Reduced | $681.3k17.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $473.4k12.3k shares |
| IMC-Chicago, LLC | Reduced | $392.6k10.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $319.0k8.3k shares |
| Walleye Trading LLC | Reduced | $84.7k2.2k shares |
| GROUP ONE TRADING LLC | Reduced | $11.5k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m107.9k shares |
| Walleye Capital LLC | Added | $2.5m63.7k shares |
| Squarepoint Ops LLC | New | $2.1m53.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m35.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0m26.1k shares |
| GTS SECURITIES LLC | New | $334.9k8.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $315.6k8.2k shares |
| Walleye Trading LLC | Reduced | $115.5k3.0k shares |
| GROUP ONE TRADING LLC | Reduced | $42.3k1.1k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 4.5m $173.2m | Added +265.2k |
| BlackRock Inc. 0.00% of their portfolio | 4.2m $162.5m | Added +249.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.1m $120.7m | Reduced -271.6k |
| Thrivent Financial for Lutherans 0.14% of their portfolio | 1.8m $69.7m | Reduced -75.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $51.3m | Added +215.1k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $48.7m | Added +18.3k |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 1.2m $46.1m | Reduced -56.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $43.1m | Reduced -148.0k |
| MORGAN STANLEY 0.00% of their portfolio | 946.0k $36.4m | Reduced -2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 870.8k $33.5m | Added +16.3k |
| Invesco Ltd. 0.01% of their portfolio | 772.9k $29.7m | Added +77.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 722.1k $27.8m | Reduced -14.2k |
| Man Group plc 0.07% of their portfolio | 690.6k $26.6m | Added +569.7k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 638.8k $24.3m | Added +501.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 635.2k $24.5m | Added +91.1k |
| ExodusPoint Capital Management, LP 0.23% of their portfolio | 555.1k $21.4m | Added +313.0k |
| Amundi 0.01% of their portfolio | 460.5k $17.8m | Added +84.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 406.4k $15.6m | Added +234.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 395.1k $15.2m | Added +235.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 394.3k $15.2m | Added +52.7k |
| Verition Fund Management LLC 0.11% of their portfolio | 362.4k $13.9m | Added +201.5k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 360.6k $13.9m | Reduced -372.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 344.4k $13.3m | Reduced -540.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 344.1k $13.2m | Added +221.5k |
| Cubist Systematic Strategies, LLC 0.23% of their portfolio | 343.8k $13.2m | Reduced -8.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 321.8k $12.4m | Added +113.9k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 318.7k $12.3m | Added +129.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 289.7k $11.2m | Added +33.8k |
| EASTERLY INVESTMENT PARTNERS LLC 0.95% of their portfolio | 282.1k $10.9m | Reduced -288.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 260.0k $10.0m | Added +172.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 252.0k $9.7m | Reduced -31.3k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 230.5k $8.9m | Reduced -8.2k |
| MARTINGALE ASSET MANAGEMENT L P 0.16% of their portfolio | 193.0k $7.4m | Added +117.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 189.7k $7.3m | Reduced -806.5k |
| Trexquant Investment LP 0.11% of their portfolio | 188.1k $7.2m | Added +75.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 185.0k $7.1m | Added +114.7k |
| Artemis Investment Management LLP 0.09% of their portfolio | 168.5k $6.5m | Reduced -52.8k |
| Redwood Investment Management, LLC 0.60% of their portfolio | 160.7k $7.0m | Reduced -45.6k |
| South Dakota Investment Council 0.12% of their portfolio | 155.6k $6.0m | Reduced -1.9k |
| Weiss Asset Management LP 0.29% of their portfolio | 154.6k $6.0m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 145.0k $5.6m | New |
| UBS Group AG 0.00% of their portfolio | 145.0k $5.6m | Added +21.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 136.4k $5.2m | New |
| CoreCommodity Management, LLC 2.01% of their portfolio | 135.1k $5.2m | Added +68.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 134.6k $5.2m | Reduced -17.1k |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 132.1k $5.1m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 131.7k $5.1m | Added +43.0k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.72% of their portfolio | 131.3k $5.1m | Added +12.2k |
| BARINGS LLC 0.12% of their portfolio | 129.3k $5.0m | Unchanged |
| Cinctive Capital Management LP 0.27% of their portfolio | 128.9k $5.0m | Added +23.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 118.5k $4.6m | Added +39.1k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 117.5k $4.5m | Added +79.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 113.8k $4.4m | Added +95.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 111.7k $4.3m | Reduced -2.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 108.8k $4.2m | Added +23.7k |
| CASTLEARK MANAGEMENT LLC 0.16% of their portfolio | 103.8k $4.0m | Reduced -46.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 101.5k $3.9m | Added +33.9k |
| Informed Momentum Co LLC 0.62% of their portfolio | 99.2k $3.8m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 97.7k $3.8m | Reduced -19.5k |
| Swiss National Bank 0.00% of their portfolio | 93.3k $3.6m | Unchanged |
| Jump Financial, LLC 0.07% of their portfolio | 88.0k $3.4m | Reduced -26.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 87.2k $3.4m | New |
| Neo Ivy Capital Management 0.63% of their portfolio | 82.9k $3.2m | First filing |
| Edgestream Partners, L.P. 0.15% of their portfolio | 81.8k $3.1m | Added +58.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 77.1k $3.0m | Added +44.6k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 76.9k $3.0m | Reduced -35.5k |
| Advisors Preferred, LLC 0.50% of their portfolio | 75.8k $2.9m | Reduced -113.0k |
| Summit Global Investments 0.20% of their portfolio | 75.7k $2.9m | New |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 74.7k $2.9m | Added +10.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 70.0k $2.7m | Reduced -367.3k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 67.6k $2.6m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 67.5k $2.6m | Added +4.0k |
| Graham Capital Management, L.P. 0.09% of their portfolio | 65.4k $2.5m | New |
| Walnut Level Capital LLC 1.70% of their portfolio | 65.0k $2.5m | Reduced -113.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 64.9k $2.5m | Added +8.1k |
| Legal & General Group Plc 0.00% of their portfolio | 64.2k $2.5m | Added +34 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 61.3k $2.4m | New |
| NorthCoast Asset Management LLC 0.02% of their portfolio | 60.7k $2.3m | New |
| STRS OHIO 0.01% of their portfolio | 60.3k $2.3m | Added +5.3k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 60.2k $2.3m | New |
| FMR LLC 0.00% of their portfolio | 58.4k $2.2m | Reduced -5.3k |
| Polar Asset Management Partners Inc. 0.06% of their portfolio | 58.0k $2.2m | Reduced -154.5k |
| Alaska Permanent Fund Corp 0.03% of their portfolio | 56.2k $2.3m | Added +10.9k |
| Bridgewater Associates, LP 0.01% of their portfolio | 54.7k $2.1m | Reduced -7.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 54.5k $2.1m | Reduced -11.9k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 51.0k $2.0m | First filing |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 50.4k $1.9m | Added +8.2k |
| PDT Partners, LLC 0.18% of their portfolio | 49.8k $1.9m | Unchanged |
| Retirement Systems of Alabama 0.01% of their portfolio | 49.7k $1.9m | Reduced -834 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 49.0k $1.9m | Reduced -3.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 46.0k $1.8m | Reduced -1.0k |
| SHERBROOKE PARK ADVISERS LLC 0.30% of their portfolio | 45.1k $1.7m | Added +36.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 43.3k $1.7m | Reduced -10.9k |
| Donoghue Forlines LLC 0.46% of their portfolio | 42.1k $1.6m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 41.6k $1.6m | Added +29.9k |
| AlphaQuest LLC 0.21% of their portfolio | 41.1k $1.6m | New |
| SG Americas Securities, LLC 0.01% of their portfolio | 41.1k $1.6m | New |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 39.9k $1.5m | New |
| ISLAY CAPITAL MANAGEMENT, LLC 1.07% of their portfolio | 38.6k $1.5m | New |
| Cerity Partners LLC 0.00% of their portfolio | 38.2k $1.5m | New |