SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13G
(Rule
13d-102)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO
RULES
13d-1(b),(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT
TO RULE 13d-2(b)
(Amendment
No. 2)*
Pilgrims
Pride
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
721467108
(CUSIP
Number)
31
December 2007
(Date
of
Event Which Requires Filing of this Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule
is
filed:
x
Rule
13d-1(b)
o
Rule
13d-1(c)
o
Rule
13d-1(d)
1
The
remainder of this cover page shall be filled out for a reporting person's
initial
filing on this form with respect to the subject class of securities,
and
for
any subsequent amendment containing information which would alter the
disclosures
provided in a prior cover page.
The
information required in the remainder of this cover page shall not
be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934
(the "Act") or otherwise subject to the liabilities of that section
of the Act,
but shall be subject to all other provisions of the Act (however, see
the
Notes.)
(Continued
on following pages)
Page
1 of 6
| CUSIP No. 721467108 |
Schedule
13G
|
Page
2 of 6
Pages
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
M&G
Investment Management Limited
No
I.R.S Identification Number
|
||
|
2
|
CHECK
THE APPROPRIATE BOX IF THE MEMBER OF A GROUP*
(a)
o
(b)
o
|
||
|
3
|
SEC
USE ONLY
|
||
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
Kingdom, England
|
||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
0
|
|
|
6
|
SHARED
VOTING POWER
6,402,661
|
||
|
7
|
SOLE
DISPOSITIVE POWER
0
|
||
|
8
|
SHARED
DISPOSITIVE POWER
6,402,661
|
||
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,402,661
|
||
|
10
|
CHECK
BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
o
|
||
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.61%
|
||
|
12
|
TYPE
OF REPORTING PERSON
IA
|
||
Page
2 of 6
| CUSIP No. 721467108 |
Schedule
13G
|
Page 3
of 6
Pages
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|
1
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NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
M&G
Investment Funds 1
No
I.R.S Identification Number
|
||
|
2
|
CHECK
THE APPROPRIATE BOX IF THE MEMBER OF A GROUP*
(a)
o
(b)
o
|
||
|
3
|
SEC
USE ONLY
|
||
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
Kingdom, England
|
||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
0
|
|
|
6
|
SHARED
VOTING POWER
6,400,000
|
||
|
7
|
SOLE
DISPOSITIVE POWER
0
|
||
|
8
|
SHARED
DISPOSITIVE POWER
6,400,000
|
||
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,400,000
|
||
|
10
|
CHECK
BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
o
|
||
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.61%
|
||
|
12
|
TYPE
OF REPORTING PERSON
OO
|
||
Page
3 of 6
| CUSIP No. 721467108 |
Schedule
13G
|
Page 4
of 6
Pages
|
| Item 1(a). |
Name
of Issuer:
|
Pilgrims
Pride.
| Item 1(b). |
Address
of Issuer's Principal Executive
Offices:
|
110
South
Texas Street Pittsburg, TX 75686, United States
| Item 2(a). |
Name
of Person Filing:
|
| 1. |
M&G
Investment Management Limited
(MAGIM)
|
| 2. |
M&G
Investment Funds 1
|
| Item 2(b). |
Address
of Principal Business Office or, if None,
|
Residence:
Governor's
House, Laurence Pountney Hill, London, EC4R 0HH
| Item 2(c). |
Citizenship:
|
United
Kingdom, England
| Item 2(d). |
Title
of Class of Securities:
|
Common
Stock
| Item 2(e). |
CUSIP
Number:
|
721467108
| Item 3. |
Type
of Person:
|
(e)
MAGIM
is an investment advisor in accordance with
s.240.13d-1(b)(1)(ii)(E)
M&G
Investment Funds 1 is an open-ended investment company with variable
capital,
incorporated in England and Wales and authorized by the Financial Services
Authority. It is not registered with the Securities and Exchange Commission
under the investment company act of 1940.
All
of
the securities covered by this report are owned legally by MAGIM’s investment
advisory clients, and none are owned directly by MAGIM
| Item 4. |
Ownership.
|
Provide
the following information regarding the aggregate number and percentage
of the
class of securities of the issuer identified in Item 1.
| (a) |
Amount
Beneficially Owned: M&G, in its capacity as investment manager, may be
deemed to beneficially
own: 6,402,661 shares
|
| (b) |
Percent
of Class: 9.61%
|
| (c) |
Number
of shares as to which such person
has:
|
|
M&G
Investment Funds (1)
|
|||
|
(i)
|
sole
power to vote or to direct the vote
|
0
|
|
|
|
|||
|
(ii)
|
shared
power to vote or to direct the vote
|
6,400,000
|
|
|
|
|||
|
(iii)
|
sole
power to dispose or to direct the disposition of
|
0
|
|
|
|
|||
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(iv)
|
shared
power to dispose or to direct the disposition of
|
6,400,000
|
|
|
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|||
|
M&G
Investment Management Limited
|
|||
|
(i)
|
sole
power to vote or to direct the vote
|
0
|
|
|
|
|||
|
(ii)
|
shared
power to vote or to direct the vote
|
6,402,661
|
|
|
|
|||
|
(iii)
|
sole
power to dispose or to direct the disposition of
|
0
|
|
|
|
|||
|
(iv)
|
shared
power to dispose or to direct the disposition of
|
6,402,661
|
Page
4 of 6
| CUSIP No. 721467108 |
Schedule
13G
|
Page 5
of 6
Pages
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| Item 5. |
Ownership
of Five Percent or Less of Class.
|
If
this
statement is being filed to report the fact that as of the date hereof
the
reporting person has ceased to be the beneficial owner of more than
five percent
of the class of securities, check the following
Not
applicable.
| Item 6. |
Ownership
of More than Five Percent on Behalf of Another
Person.
|
Not
applicable.
| Item 7. |
Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported on by the Parent Holding
Company.
|
Not
applicable.
| Item 8. |
Identification
and Classification of Members of the
Group.
|
Not
applicable.
| Item 9. |
Notice
of Dissolution of Group.
|
Not
Applicable
Page
5 of 6
| CUSIP No. 721467108 |
Schedule
13G
|
Page 6
of 6
Pages
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| Item10. |
Certification.
|
(a)
The
following certification shall be included if the statement is filed
pursuant to
Rule 13d-1(b):
"By
signing below I certify that, to the best of my knowledge and belief,
the
securities referred to above were acquired and are held in the ordinary
course
of business and were not acquired and are not held for the purpose
of or with
the
effect
of changing or influencing the control of the issuer of the securities
and were
not acquired and are not held in connection with or as a participant
in any
transaction having that purpose or effect. "
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I
certify
that the information set forth in this statement is true, complete
and correct.
|
By:
|
--//Mark
Thomas//--
|
|
|
Name:
|
Mark
Thomas
|
|
|
Title:
|
Head
of Group Funds
|
|
|
Date:
|
February
13, 2008
|
Page
6 of 6
Exhibit
A
AGREEMENT
OF JOINT FILING
In
accordance with Rule 13d-1(k) under the Securities Exchanges Act of
1934, as
amended, the undersigned hereby agrees that the foregoing statement
on Schedule
13G/A, is filed on behalf of each of the undersigned without the necessity
of
filing additional joint acquisition statements. The undersigned acknowledge
that
each shall be responsible for the timely filing of such amendments,
and for the
completeness and accuracy of information concerning the others, except
to the
extent that he or it knows or has reason to believe that such information
is
inaccurate.
IN
WITNESS WHEREOF, the undersigned hereby execute this Agreement on the
13th
day of
February, 2008.
|
M&G
INVESTMENT MANAGEMENT LIMITED
|
|
|
By
/s/ Mark Thomas
|
|
|
Date:
February 13, 2008
|
Head
of Group Funds
|
|
M&G
Investment Funds 1
|
|
|
By
/s/ Mark Thomas
|
|
|
Date:
February 13, 2008
|
Head
of Group Funds
|