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 ($9.8m this quarter). Holder counts are more reliable. Shares outstanding: 237.1m as of 2024-10-30, 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 ≈ $45.89. Options: 13 managers hold calls ($20.5m notional), 16 hold puts ($74.6m).
Trends to Q3 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 |
| Q3 2024 | 347 |
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 |
| Q3 2024 | 205 | 133 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $154.7m | $12.9m | 0.08 |
| Q1 2024 | $99.6m | $27.1m | 0.27 |
| Q2 2024 | $10.5m | $11.9m | 1.13 |
| Q3 2024 | $20.5m | $74.6m | 3.65 |
Biggest buyers
| Pacer Advisors, Inc. | Added | +5.2m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +1.3m |
| ASSETMARK, INC | Added | +827.1k |
| Man Group plc | Added | +820.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +802.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +668.4k |
| VANGUARD GROUP INC | Added | +580.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +546.8k |
| JUPITER ASSET MANAGEMENT LTD | Added | +476.4k |
| NORGES BANK | Added | +344.8k |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -1.1m |
| Thrivent Financial for Lutherans | Reduced | -884.1k |
| ExodusPoint Capital Management, LP | Reduced | -536.8k |
| Balyasny Asset Management L.P. | Sold out | -360.6k |
| Verition Fund Management LLC | Reduced | -350.4k |
| Cubist Systematic Strategies, LLC | Sold out | -343.8k |
| MARSHALL WACE, LLP | Sold out | -318.7k |
| CITADEL ADVISORS LLC | Reduced | -230.3k |
| DEUTSCHE BANK AG\ | Reduced | -221.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -220.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $6.0m131.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.5m96.7k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m44.0k shares |
| Walleye Capital LLC | Reduced | $2.0m43.8k shares |
| Squarepoint Ops LLC | Added | $1.6m34.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $930.2k20.2k shares |
| IMC-Chicago, LLC | Added | $819.7k17.8k shares |
| JANE STREET GROUP, LLC | New | $819.7k17.8k shares |
| WOLVERINE TRADING, LLC | Added | $674.1k15.3k shares |
| Cubist Systematic Strategies, LLC | New | $492.7k10.7k shares |
Biggest puts
| Point72 Asset Management, L.P. | New | $37.3m811.0k shares |
| J. Goldman & Co LP | New | $13.8m298.6k shares |
| Walleye Capital LLC | Added | $5.6m122.4k shares |
| CITADEL ADVISORS LLC | Added | $5.1m111.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6m56.0k shares |
| Hudson Bay Capital Management LP | New | $2.3m50.0k shares |
| Squarepoint Ops LLC | Reduced | $2.2m47.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.6m35.2k shares |
| IMC-Chicago, LLC | New | $1.3m29.2k shares |
| Walleye Trading LLC | Added | $718.4k15.6k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 2 | $3.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-06 | Sandri Fabio President and CEO | Sold | $2.9m65.0k shares |
| 2024-08-06 | Galvanoni Matthew R Chief Financial Officer | Sold | $281.5k6.5k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Pacer Advisors, Inc. 0.51% of their portfolio | 5.2m $240.6m | Added +5.2m |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.1m $233.9m | Added +580.8k |
| BlackRock, Inc. 0.00% of their portfolio | 4.2m $195.2m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.9m $134.2m | Reduced -220.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.6m $73.7m | Added +268.4k |
| Man Group plc 0.20% of their portfolio | 1.5m $69.6m | Added +820.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.26% of their portfolio | 1.5m $67.0m | Added +1.3m |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 1.3m $57.6m | Added +668.4k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $57.8m | Reduced -9.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $56.7m | Added +109.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 1.2m $55.1m | Added +802.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 1.2m $54.4m | Added +546.8k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $46.3m | Added +232.9k |
| MORGAN STANLEY 0.00% of their portfolio | 936.7k $43.1m | Reduced -9.3k |
| Thrivent Financial for Lutherans 0.08% of their portfolio | 928.0k $42.7m | Reduced -884.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 881.9k $40.6m | Added +11.1k |
| ASSETMARK, INC 0.11% of their portfolio | 827.7k $38.1m | Added +827.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 557.1k $25.7m | Reduced -165.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 542.8k $25.0m | Added +136.4k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 538.7k $24.8m | Added +278.6k |
| JUPITER ASSET MANAGEMENT LTD 0.21% of their portfolio | 516.3k $23.8m | Added +476.4k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 433.9k $20.0m | Added +203.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 403.6k $18.6m | Added +81.8k |
| Amundi 0.01% of their portfolio | 392.0k $18.1m | Reduced -68.5k |
| NORGES BANK 0.00% of their portfolio | 373.2k $17.2m | Added +344.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 371.6k $17.1m | Reduced -22.7k |
| Trexquant Investment LP 0.20% of their portfolio | 350.6k $16.1m | Added +162.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 280.4k $12.9m | Reduced -9.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 261.1k $12.0m | Added +159.6k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 257.0k $11.8m | Added +202.5k |
| Squarepoint Ops LLC 0.04% of their portfolio | 254.5k $11.7m | New |
| MARTINGALE ASSET MANAGEMENT L P 0.25% of their portfolio | 238.2k $11.0m | Added +45.2k |
| EASTERLY INVESTMENT PARTNERS LLC 0.87% of their portfolio | 234.8k $10.8m | Reduced -47.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 233.6k $10.8m | Reduced -18.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 215.1k $9.9m | Added +173.6k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 213.5k $9.8m | Added +96.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 166.6k $7.7m | Added +101.7k |
| UBS Group AG 0.00% of their portfolio | 166.4k $7.7m | Added +21.4k |
| Artemis Investment Management LLP 0.12% of their portfolio | 165.3k $7.6m | Reduced -3.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 158.8k $7.3m | Added +81.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 157.5k $7.3m | Reduced -32.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 151.3k $7.0m | Added +32.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 150.1k $6.9m | Added +52.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 136.4k $6.3m | Added +22.6k |
| United Capital Management of KS, Inc. 1.37% of their portfolio | 136.3k $6.3m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 135.6k $6.2m | Added +26.8k |
| South Dakota Investment Council 0.12% of their portfolio | 132.9k $6.1m | Reduced -22.7k |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 132.5k $6.1m | Added +315 |
| BI Asset Management Fondsmaeglerselskab A/S 0.10% of their portfolio | 129.9k $6.0m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.2k $5.6m | Reduced -221.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 122.2k $5.6m | Reduced -9.6k |
| ALGERT GLOBAL LLC 0.15% of their portfolio | 121.9k $5.6m | Added +47.3k |
| Twin Tree Management, LP 0.12% of their portfolio | 115.4k $5.3m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 114.1k $5.3m | Reduced -230.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 110.9k $5.1m | Reduced -799 |
| Redwood Investment Management, LLC 0.43% of their portfolio | 108.8k $4.8m | Reduced -51.8k |
| ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio | 108.3k $5.0m | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.11% of their portfolio | 104.5k $4.8m | Added +84.0k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.65% of their portfolio | 103.8k $4.8m | Reduced -27.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 103.7k $4.6m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 103.6k $4.7m | Reduced -1.1m |
| Quantbot Technologies LP 0.18% of their portfolio | 96.7k $4.5m | Added +60.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 93.7k $4.3m | Reduced -40.9k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 93.2k $4.3m | Added +33.0k |
| Swiss National Bank 0.00% of their portfolio | 92.5k $4.3m | Reduced -800 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 87.9k $4.0m | Added +38.9k |
| Global IMC LLC 0.81% of their portfolio | 87.6k $4.0m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 87.2k $4.0m | Reduced -49.1k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 87.1k $4.0m | Added +19.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 86.7k $4.0m | Reduced -550 |
| Engineers Gate Manager LP 0.08% of their portfolio | 83.8k $3.9m | Added +59.9k |
| BARINGS LLC 0.09% of their portfolio | 79.1k $3.6m | Reduced -50.2k |
| BARCLAYS PLC 0.00% of their portfolio | 76.4k $3.5m | Added +59.2k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 74.7k $1.6k | Added +73.1k |
| Summit Global Investments 0.22% of their portfolio | 73.6k $3.4m | Reduced -2.1k |
| CoreCommodity Management, LLC 0.62% of their portfolio | 72.9k $3.4m | Reduced -62.3k |
| Informed Momentum Co LLC 0.48% of their portfolio | 69.3k $3.2m | Reduced -29.9k |
| Legal & General Group Plc 0.00% of their portfolio | 69.0k $3.2m | Added +4.8k |
| STRS OHIO 0.01% of their portfolio | 65.6k $3.0m | Added +5.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 65.1k $3.0m | Reduced -4.9k |
| Walnut Level Capital LLC 1.80% of their portfolio | 65.0k $3.0m | Unchanged |
| Brevan Howard Capital Management LP 0.14% of their portfolio | 62.1k $2.9m | Added +51.1k |
| NorthCoast Asset Management LLC 0.02% of their portfolio | 61.3k $2.8m | Added +598 |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 61.2k $2.8m | Added +43.2k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 60.7k $2.8m | New |
| Dean Capital Management 1.15% of their portfolio | 58.6k $2.7m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 58.0k $2.6m | Added +39.4k |
| Graham Capital Management, L.P. 0.09% of their portfolio | 57.4k $2.6m | Reduced -8.0k |
| Wolf Group Capital Advisors 0.58% of their portfolio | 57.1k $1.2m | New |
| Alaska Permanent Fund Corp 0.04% of their portfolio | 56.2k $2.6m | Unchanged |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 55.7k $2.6m | Reduced -11.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 55.1k $2.5m | Added +42.1k |
| Teza Capital Management LLC 0.27% of their portfolio | 54.3k $2.5m | Added +23.1k |
| FMR LLC 0.00% of their portfolio | 53.8k $2.5m | Reduced -4.6k |
| Monument Capital Management 0.68% of their portfolio | 53.3k $2.5m | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 51.8k $2.4m | New |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 51.2k $2.4m | Added +890 |
| PDT Partners, LLC 0.20% of their portfolio | 49.8k $2.3m | Unchanged |
| Retirement Systems of Alabama 0.01% of their portfolio | 49.0k $2.3m | Reduced -746 |
| Corebridge Financial, Inc. 0.01% of their portfolio | 47.7k $2.2m | Reduced -3.3k |