Pilgrims Pride New (PPC) Holder Prudential Financial Has Decreased Its Position as Share Price Declined; As Philip Morris International (PM) Market Valuation Rose, Independent Investors Decreased Holding by $656,100

Philip Morris International Inc. (NYSE:PM) Logo

Independent Investors Inc decreased its stake in Philip Morris International (PM) by 76.42% based on its latest 2018Q3 regulatory filing with the SEC. Independent Investors Inc sold 8,100 shares as the company’s stock rose 7.45% while stock markets declined. The institutional investor held 2,500 shares of the farming and seeds and milling company at the end of 2018Q3, valued at $203,000, down from 10,600 at the end of the previous reported quarter. Independent Investors Inc who had been investing in Philip Morris International for a number of months, seems to be less bullish one the $124.33 billion market cap company. The stock increased 4.24% or $3.25 during the last trading session, reaching $79.98. About 12.07 million shares traded or 67.91% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 21.07% since February 9, 2018 and is downtrending. It has underperformed by 21.07% the S&P500. Some Historical PM News: 19/04/2018 – PHILIP MORRIS INTERNATIONAL INC – REMAIN ON TRACK TO DOUBLE WORLDWIDE IN-MARKET SALES OF HEATED TOBACCO UNITS COMPARED TO 2017; 19/04/2018 – Philip Morris Tops Profit Estimates But Revenue Falls Short — MarketWatch; 21/03/2018 – Philip Morris International Shifts Entire Capacity of Its Cigarette Factory in Greece to Smoke-Free Products; 19/04/2018 – Philip Morris 1Q East Asia & Australia Cigarette and Heated Tobacco Unit Volume Up 0.2%; 21/03/2018 – Philip Morris: Greece Factory Conversion Involved EUR300M Investment; 13/04/2018 – Philip Morris International Inc. to Host Webcast of 2018 First-Quarter Results; 18/04/2018 – Philip Morris Closes Below 50-Day Moving Average: Technicals; 16/05/2018 – Philip Morris CEO Says IQos Needs Cultural, Rural Spin for Japan; 19/04/2018 – Philip Morris Sees 2018 Operating Cash Flow Over $9 Billion; 09/05/2018 – Philip Morris International sells Marlboro cigarettes outside the U.S

Prudential Financial Inc decreased its stake in Pilgrims Pride Corp New (PPC) by 34.41% based on its latest 2018Q3 regulatory filing with the SEC. Prudential Financial Inc sold 285,744 shares as the company’s stock declined 11.23% with the market. The institutional investor held 544,756 shares of the meat and poultry and fish company at the end of 2018Q3, valued at $9.86M, down from 830,500 at the end of the previous reported quarter. Prudential Financial Inc who had been investing in Pilgrims Pride Corp New for a number of months, seems to be less bullish one the $5.04B market cap company. The stock increased 0.80% or $0.16 during the last trading session, reaching $20.24. About 1.08M shares traded or 7.72% up from the average. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 55.06% since February 9, 2018 and is downtrending. It has underperformed by 55.06% the S&P500. Some Historical PPC News: 24/04/2018 – JBS USA Names Lance Kotschwar Head of Ethics and Compliance; 17/04/2018 – PPC TO SELL SEVERAL LIGNITE-FIRED UNITS, DIVEST STAFF AND MINES TO ALLOW BUYERS TO COMPETE IN GREEK WHOLESALE ELECTRICITY MARKET; 11/05/2018 – PILGRIM’S HAS SUPPORT OF BOND HOLDERS FOR ACQUISITIONS: CFO; 13/03/2018 – CAFC: PPC BROADBAND, INC. v. CORNING OPTICAL COMMUNICATIONS [RULE 36 JUDGMENT] – Appeal #17-1347 – 2018-03-13; 26/04/2018 – Mesirow Financial Advises Pactech Packaging LLC On Its Sale To ProAmpac LLC, A Company Owned By PPC Partners; 12/03/2018 – Pilgrim’s Pride to Host Annual Meeting of Shareholders on May 10, 2018; 09/05/2018 – Decision Point and Harvard Pilgrim to Speak at Population Health Summit; 15/03/2018 – PPC LTD – PPC PHAKAMA TRANSACTION WILL RESULT IN PPC’S EQUITY SHAREHOLDING IN PPC SA BEING REDUCED FROM 100% TO 74.6%; 06/03/2018 – S&P ASSIGNS CHG PPC INTERMEDIATE Il LLC TO RATING ‘B’; 08/05/2018 – PPC ANNOUNCES SPIN OFF OF LIGNITE-FIRED GENERATION SEGMENT

Among 7 analysts covering Pilgrims Pride (NASDAQ:PPC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Pilgrims Pride had 24 analyst reports since October 30, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 9. As per Wednesday, March 28, the company rating was initiated by Mizuho. Jefferies maintained Pilgrim's Pride Corporation (NASDAQ:PPC) on Wednesday, October 12 with “Hold” rating. The firm has “Sector Weight” rating given on Monday, March 27 by KeyBanc Capital Markets. The company was initiated on Wednesday, December 16 by Jefferies. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Tuesday, January 2 by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Monday, June 26. The stock has “Hold” rating by BMO Capital Markets on Friday, August 25. The rating was upgraded by BB&T Capital on Wednesday, November 4 to “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $25 target in Tuesday, February 27 report.

Prudential Financial Inc, which manages about $67.89 billion US Long portfolio, upped its stake in Range Res Corp (NYSE:RRC) by 745,835 shares to 1.78M shares, valued at $30.18 million in 2018Q3, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 45,754 shares in the quarter, for a total of 1.35 million shares, and has risen its stake in Cadence Design System Inc (NASDAQ:CDNS).

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on February, 13. They expect $0.18 EPS, down 68.97% or $0.40 from last year’s $0.58 per share. PPC’s profit will be $44.81 million for 28.11 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Investors sentiment increased to 0.83 in Q3 2018. Its up 0.12, from 0.71 in 2018Q2. It increased, as 31 investors sold PPC shares while 62 reduced holdings. 27 funds opened positions while 50 raised stakes. 46.75 million shares or 5.44% less from 49.44 million shares in 2018Q2 were reported. Meeder Asset Inc reported 2,284 shares. State Of Alaska Department Of Revenue invested 0% in Pilgrim's Pride Corporation (NASDAQ:PPC). 3,952 are owned by Advsrs Preferred. Horrell Mngmt has 0.28% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 30,746 shares. 129,148 are owned by Indexiq Advisors Limited Liability Co. Us Savings Bank De reported 0% stake. State Of Wisconsin Invest Board stated it has 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Amer International Group Inc Inc Inc invested 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Nuveen Asset Mngmt Limited Co accumulated 12,426 shares or 0% of the stock. Toronto Dominion National Bank reported 229 shares. Savings Bank Of Nova Scotia reported 0.01% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). 21,500 are held by Arrowstreet Cap L P. Delphi Ma stated it has 1.07% in Pilgrim's Pride Corporation (NASDAQ:PPC). Blackrock has invested 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Moreover, First Tru Advsr Ltd Partnership has 0.04% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 1.22M shares.

More notable recent Pilgrim's Pride Corporation (NASDAQ:PPC) news were published by: Investorplace.com which released: “Is Tyson Foods Stock Ready to Serve Up Profits for Investors? – Investorplace.com” on September 14, 2018, also Globenewswire.com with their article: “Pilgrim’s Pride Corporation to Host Second Quarter 2018 Earnings Call on August 2, 2018 – GlobeNewswire” published on July 13, 2018, Zacks.com published: “Pilgrim’s Pride (PPC) Hit by High Costs, Down 25% in 6 Months – Zacks.com” on October 08, 2018. More interesting news about Pilgrim's Pride Corporation (NASDAQ:PPC) were released by: Nasdaq.com and their article: “Kellogg (K) to Post Q4 Earnings: Cost Woes Likely to Linger? – Nasdaq” published on February 01, 2019 as well as Bizwest.com‘s news article titled: “Pilgrim’s Pride faces lawsuit over advertising – BizWest” with publication date: February 07, 2019.

Among 23 analysts covering Philip Morris International (NYSE:PM), 15 have Buy rating, 2 Sell and 6 Hold. Therefore 65% are positive. Philip Morris International had 75 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, April 21 by Societe Generale. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Citigroup on Wednesday, February 28. The stock has “Buy” rating by CLSA on Monday, November 14. The rating was maintained by Piper Jaffray with “Buy” on Thursday, October 19. The rating was upgraded by Jefferies on Friday, January 19 to “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Friday, April 20. The rating was downgraded by JP Morgan to “Neutral” on Friday, July 20. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, January 8 report. The stock has “Buy” rating by Cowen & Co on Thursday, April 19. The rating was upgraded by Argus Research to “Buy” on Wednesday, July 25.

Independent Investors Inc, which manages about $239.99M and $283.68 million US Long portfolio, upped its stake in Cvs Health Corporation (NYSE:CVS) by 9,800 shares to 19,670 shares, valued at $1.55M in 2018Q3, according to the filing.

Since November 29, 2018, it had 0 buys, and 1 sale for $5.17 million activity.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 14. They expect $1.17 EPS, down 10.69% or $0.14 from last year’s $1.31 per share. PM’s profit will be $1.82 billion for 17.09 P/E if the $1.17 EPS becomes a reality. After $1.44 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.