Cohen's SAC Capital Discloses 7.6% Stake in Pilgrims Pride (PPC)
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IN a 13G filing on Pilgrims Pride Corporation (NYSE: PPC), Steven Cohen's SAC Capital disclosed a 7.6% (5,033,200 shares) in the company. The firm did not show a stake in Pilgrims Pride at the quarter ended 3/31/08.
SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm has grown to over 800 employees with approximately $14 billion in assets.
Pilgrim's Pride Corporation produces poultry products in the United States, Mexico, and Puerto Rico.
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