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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. 1)*
Pilgrims Pride Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
721467108
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(CUSIP Number)
09/10/08
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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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 7 Pages
CUSIP No. 721467108 Schedule 13G Page 2 of 7 Pages
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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
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2. CHECK THE APPROPRIATE BOX IF THE MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom, England
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 7,513,690
EACH ------------------------------------------------------------
REPORTING 7. SOLE DISPOTIVE POWER
PERSON 0
WITH ------------------------------------------------------------
8. SHARED DISPOTIVE POWER
7,513,690
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,513,690
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10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.14%
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12. TYPE OF REPORTING PERSON
IA
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CUSIP No. 721467108 Schedule 13G Page 3 of 7 Pages
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1. 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) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom, England
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 7,500,000
EACH ------------------------------------------------------------
REPORTING 7. SOLE DISPOTIVE POWER
PERSON 0
WITH ------------------------------------------------------------
8. SHARED DISPOTIVE POWER
7,500,000
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,500,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.12%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
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CUSIP No. 721467108 Schedule 13G Page 4 of 7 Pages
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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:
M&G Investment Management Limited (MAGIM)
MAGIM is filing for and on behalf of M&G Investment Funds 1
Item 2(b). Address of Principal Business Office or, if None,
Residence (address for both filers):
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.
7,500,000 shares covered by this report are owned legally by M&G Investment
Funds 1,MAGIMs investment advisory client, 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: 7,513,690 shares
(b) Percent of Class: 10.14%
(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 7,500,000
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(iii) sole power to dispose or to direct the
disposition of 0
----------
CUSIP No. 721467108 Schedule 13G Page 5 of 7 Pages
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(iv) shared power to dispose or to direct the
disposition of 7.500.000
----------
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 7,513,690
----------
(iii) sole power to dispose or to direct the
disposition of 0
----------
(iv) shared power to dispose or to direct the
disposition of 7,513,690
----------
CUSIP No. 721467108 Schedule 13G Page 6 of 7 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.
M&G Investment Management Limited (MAGIM)
MAGIM is filing for and on behalf of M&G Investment Funds 1
Item 9. Notice of Dissolution of Group.
Not Applicable
CUSIP No. 721467108 Schedule 13G Page 7 of 7 Pages
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Exhibit A
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(k) under the Securities Exchange 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 and that all
subsequent
amendments to this statement on Schedule 13G, shall be 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 the
information concerning him or it contained therein, but shall not be
responsible 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 __20___ day of October, 2008.
By: --//Mark Thomas//--
--------------------------------------
Name: Mark Thomas
Title: Head of Group Funds
Date: October 20, 2008