Meritage Portfolio Management Increased Pilgrims Pride (PPC) Stake By $2.04 Million; Harley …

May 15, 2017 – By Vivian Park

Meritage Portfolio Management increased Pilgrims Pride Corp (PPC) stake by 97.49% reported in 2016Q4 SEC filing. Meritage Portfolio Management acquired 113,077 shares as Pilgrims Pride Corp (PPC)’s stock declined 11.26%. The Meritage Portfolio Management holds 229,067 shares with $ 4.35M value, up from 115,990 last quarter. Pilgrims Pride Corp now has $ 6.04 billion valuation. The stock declined 2.49% or $ 0.62 reaching $ 24.25 on the news. About 243,395 shares traded. Pilgrim’s Pride Corporation (NASDAQ:PPC) has risen 17.81% since October 6, 2016 and is uptrending. It has outperformed by 7.16% the S&P500.

Among 22 analysts covering Harley-Davidson (NYSE:HOG), 4 have Buy rating, 0 Sell and 18 Hold. Therefore 18% are positive. Harley-Davidson had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, April 19. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Hold” rating by Jefferies on Friday, September 30. The firm earned “Hold” rating on Monday, August 24 by Vetr. On Wednesday, October 21 the stock rating was maintained by Deutsche Bank with “Hold”. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, October 13 report. Zacks upgraded it to “Hold” rating and $ 67 target in Thursday, August 20 report. The rating was downgraded by UBS on Wednesday, July 6 to “Neutral”. The stock of Harley-Davidson Inc (NYSE:HOG) has “Buy” rating given on Friday, April 21 by Tigress Financial. Wunderlich maintained the shares of HOG in report on Tuesday, October 20 with “Hold” rating. As per Wednesday, October 19, the company rating was maintained by Stifel Nicolaus. See Harley-Davidson Inc (NYSE:HOG) latest ratings:

24/04/2017 Broker: Barclays Capital Rating: Equal Weight Old Target: $ 53.00 New Target: $ 52.00 Target Down
24/04/2017 Broker: Bernstein Rating: Outperform Old Target: $ 68.00 New Target: $ 62.00 Target Down
21/04/2017 Broker: Deutsche Bank Rating: Hold Old Target: $ 52.00 New Target: $ 50.00 Target Down
21/04/2017 Broker: Tigress Financial Rating: Buy Maintain
19/04/2017 Broker: Goldman Sachs Rating: Neutral New Target: $ 54.00 Maintain
19/04/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $ 60.00 New Target: $ 57.00 Maintain
19/04/2017 Broker: Wedbush Rating: Neutral Old Target: $ 55.00 New Target: $ 53.00 Maintain
13/04/2017 Broker: DA Davidson Old Rating: Underperform New Rating: Market Perform Upgrade
12/04/2017 Broker: Raymond James Old Rating: Underperform New Rating: Market Perform Upgrade
07/04/2017 Broker: Jefferies Rating: Hold New Target: $ 49.00 Maintain

Since November 14, 2016, it had 0 insider purchases, and 5 insider sales for $ 6.19 million activity. $ 1.70M worth of stock was sold by HUND LAWRENCE G on Monday, November 14. Shares for $ 78,696 were sold by Rocker Tchernavia on Tuesday, February 14. Shares for $ 302,220 were sold by BISCHMANN JOANNE M. Kumbier Michelle had sold 3,049 shares worth $ 172,464. 100,000 shares were sold by JAMES DONALD A, worth $ 5.69M on Friday, February 10. $ 195,134 worth of Harley-Davidson Inc (NYSE:HOG) was sold by Jones Paul J.

Investors sentiment increased to 0.8 in 2016 Q4. Its up 0.01, from 0.79 in 2016Q3. It is positive, as 45 investors sold Harley-Davidson Inc shares while 176 reduced holdings. 56 funds opened positions while 121 raised stakes. 151.02 million shares or 4.85% less from 158.72 million shares in 2016Q3 were reported. Schroder Investment holds 0.09% or 793,194 shares. Moreover, Voya Invest Management Llc has 0.02% invested in Harley-Davidson Inc (NYSE:HOG). Ny State Common Retirement Fund reported 0.03% in Harley-Davidson Inc (NYSE:HOG). Commonwealth Equity Serv reported 0.02% stake. Caxton Assoc Ltd Partnership reported 130,000 shares or 0.34% of all its holdings. Aperio Group Lc invested 0.03% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Commonwealth Serv Limited Company owns 0% invested in Harley-Davidson Inc (NYSE:HOG) for 23 shares. Hsbc Holding Public Ltd holds 173,992 shares. Blackrock accumulated 352,660 shares or 0.03% of the stock. Caisse De Depot Et Placement Du Quebec reported 54,180 shares or 0.01% of all its holdings. Envestnet Asset Management has 0% invested in Harley-Davidson Inc (NYSE:HOG) for 9,544 shares. Pennsylvania-based Jfs Wealth Advsrs Ltd Liability has invested 0% in Harley-Davidson Inc (NYSE:HOG). Blackrock Advisors Ltd Liability Company invested 0.01% of its portfolio in Harley-Davidson Inc (NYSE:HOG). North Carolina-based Salem Invest Counselors has invested 0.01% in Harley-Davidson Inc (NYSE:HOG). Cibc World Incorporated invested in 0% or 10,243 shares.

About 737,317 shares traded. Harley-Davidson Inc (NYSE:HOG) has risen 10.07% since October 6, 2016 and is uptrending. It has underperformed by 0.58% the S&P500.

Harley-Davidson, Inc. is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services (HDFS). The company has market cap of $ 9.44 billion. The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. It has a 15.49 P/E ratio. The Motorcycles segment consists of HDMC, which designs, makes and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Investors sentiment increased to 0.85 in 2016 Q4. Its up 0.04, from 0.81 in 2016Q3. It improved, as 35 investors sold PPC shares while 69 reduced holdings. 25 funds opened positions while 63 raised stakes. 60.33 million shares or 0.38% less from 60.56 million shares in 2016Q3 were reported. 186,935 were accumulated by Blackrock Japan. Walleye Trading owns 7,703 shares. Financial Bank Of America Corp De stated it has 151,178 shares. Paloma Prtn Management holds 74,706 shares or 0.01% of its portfolio. Baring Asset Limited accumulated 154,820 shares or 0.2% of the stock. Hays Advisory Ltd Liability holds 0.73% or 173,258 shares in its portfolio. Tiaa Cref Inv Ltd Llc holds 0.01% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 884,619 shares. Stevens Management Limited Partnership, Pennsylvania-based fund reported 133,056 shares. 411,738 were accumulated by Price T Rowe Associates Md. Earnest Prns Limited Liability Corporation reported 53 shares. Kanaly Trust Communications invested 0% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC). Metropolitan Life Insur Company owns 2,035 shares for 0% of their portfolio. Vident Advisory Ltd holds 0.22% or 95,882 shares in its portfolio. Moreover, Panagora Asset Management has 0.01% invested in Pilgrim’s Pride Corporation (NASDAQ:PPC). Advsrs Asset Mngmt has 10,436 shares for 0% of their portfolio.

Among 4 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Pilgrims Pride had 8 analyst reports since October 30, 2015 according to SRatingsIntel. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, June 6 report. The company was upgraded on Friday, October 30 by BMO Capital Markets. The company was initiated on Wednesday, December 16 by Jefferies. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) earned “Hold” rating by Jefferies on Wednesday, October 12. The rating was downgraded by BB&T Capital on Wednesday, May 25 to “Hold”. KeyBanc Capital Markets downgraded the shares of PPC in report on Monday, March 27 to “Sector Weight” rating. KeyBanc Capital Markets initiated Pilgrim’s Pride Corporation (NASDAQ:PPC) on Friday, December 2 with “Overweight” rating. BB&T Capital upgraded it to “Buy” rating and $ 24 target in Wednesday, November 4 report.

Meritage Portfolio Management decreased Reinsurance Group Of America I (NYSE:RGA) stake by 2,731 shares to 60,957 valued at $ 7.67M in 2016Q4. It also reduced Ishares Russell 1000 Value (IWD) stake by 87,887 shares and now owns 135,234 shares. Ishares Russell 1000 Growth (IWF) was reduced too.

Since February 17, 2017, it had 0 insider buys, and 2 insider sales for $ 1.67 million activity. Lovette William W sold 48,310 shares worth $ 998,128. Another trade for 32,400 shares valued at $ 668,052 was sold by Sandri Fabio.

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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