Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
The top investor data is provided from their latest 13F’s (dated 2018-6-30). This week we’ll take a look at:
Pilgrim’s Pride Corporation (NASDAQ: PPC)
Pilgrim’s Pride raises, processes, and distributes fresh, frozen, and value-added chicken to grocers, foodservice operators, and distributors. After its 2017 acquisition of Moy Park, about 69% of sales come from the United States, 19% from Europe, and 12% from Mexico. In addition to commodity sales and products under its namesake brand, Pilgrim’s Pride sells items under the Gold Kist, Country Post, Just BARE, Moy Park, Gold’n Plump, and Pierce labels. As of 2017, JBS S.A. owns 79% of Pilgrim’s outstanding stock.
A quick look at the price chart below for Pilgrim’s Pride shows us that the stock is down 44% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.58 which means that it remains undervalued.
(SOURCE: GOOGLE FINANCE)
Superinvestors who currently hold positions in Pilgrim’s Pride include:
Cliff Asness – 2,368,213 total shares
Ken Griffin – 385,018 total shares
Steve Cohen – 228,000 total shares
Jim Simons – 208,213 total shares
Scott Black – 93,520 total shares
Mario Gabelli – 15,000 total shares
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