Carrhae Capital 13F: Exits Pilgrim's Pride (PPC) Stake

Carrhae Capital completely closed out its position in Pilgrim's Pride Corporation, unloading all 1,856,460 shares according to a Form 13F filing on October 20, 2026.

PPC Pilgrim's Pride Corporation

$28.22 ▼ -29.22% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Inside Carrhae Capital's Pilgrim's Pride Trade

Carrhae Capital sold out of the poultry producer entirely, reducing its holdings from 1,856,460 shares down to zero. The complete exit wiped out a stake that had previously been valued at approximately $52.4 million based on prior period reporting.

Other Institutional Activity in Pilgrim's Pride

Other large institutional investors made sizeable adjustments to their holdings in the chicken and pork processor. Shaw D.E. & Co., Inc. grew its holdings by 1,123,451 shares, ending with 4,702,462 shares worth about $132.7 million. AQR Capital Management, LLC cut its stake by 527,232 shares, or 19.6%, leaving it with 2,159,987 shares valued at roughly $61.0 million.

Pilgrim's Pride Corporation Stock Down 1.1%

Prolific market shifts have left the shares trading below key technical thresholds. The stock recently traded around $28.22 as of October 21, 2026, resting about 3.5% below its 50-day moving average of $29.26 and roughly 14.3% below its 200-day moving average of $32.91. Shares sit 37.1% below their 52-week high of $44.84 and 12.9% above their 52-week low of $25.00.

Recent Earnings

Pilgrim's Pride reported trailing twelve-month revenue of $18.4 billion alongside earnings of $2.29 per share. The company operates with a net profit margin of 3.0% and a return on equity of 14.5%. Investors look toward the company's next earnings report scheduled for October 28, 2026.

Insider Buying and Selling at Pilgrim's Pride Corporation

Company insiders also transacted in shares prior to the filing. Chief Executive Officer Fabio Sandri sold 70,000 shares on June 9, 2025, at an average price of $45.83 for a total value of about $3.2 million. Chief Financial Officer Matthew R. Galvanoni sold 6,963 shares on February 18, 2026, at an average price of $43.52 for a total value of roughly $303,016.

Analysts Set New Price Targets

Wall Street firms maintain mixed views on the packaged foods company ahead of its upcoming earnings update. On July 2, 2026, B of A Securities kept a Neutral rating on the stock while lowering its price target from $37.00 to $30.00. Later, on August 7, 2026, UBS maintained its Neutral rating and trimmed its price target from $30.00 to $28.00. Across the broader analyst community, the stock holds a consensus hold rating with a mean price target of $33.00 based on 7 analyst opinions.

About Pilgrim's Pride Corporation

Pilgrim's Pride Corporation operates as a major food company producing, processing, marketing, and distributing fresh, frozen, and value-added chicken and pork products. Serving retailers, distributors, and foodservice operators across the United States, Europe, and Mexico, the company plays a central role in the global protein supply chain.

Bottom Line

Institutional rotation in Pilgrim's Pride continues as funds react to shifting market conditions and sector valuations. Investors will watch the upcoming earnings release on October 28, 2026, for fresh signals on margins and consumer demand.