Should I buy or sell Pilgrim's Pride stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PPC shares. View PPC analyst ratings or view top-rated stocks .

What is Pilgrim's Pride's stock price target for 2024?

3 brokerages have issued 12-month price targets for Pilgrim's Pride's shares. Their PPC share price targets range from $23.00 to $28.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests that the stock has a possible downside of 2.0%. View analysts price targets for PPC or view top-rated stocks among Wall Street analysts .

How have PPC shares performed in 2023?

Pilgrim's Pride's stock was trading at $23.73 at the start of the year. Since then, PPC shares have increased by 11.8% and is now trading at $26.52. View the best growth stocks for 2023 here .

Are investors shorting Pilgrim's Pride?

Pilgrim's Pride saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 2,480,000 shares, a drop of 26.0% from the October 31st total of 3,350,000 shares. Based on an average trading volume of 809,000 shares, the short-interest ratio is currently 3.1 days. Currently, 6.2% of the company's stock are short sold. View Pilgrim's Pride's Short Interest .

When is Pilgrim's Pride's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our PPC earnings forecast .

How were Pilgrim's Pride's earnings last quarter?

Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $4.36 billion for the quarter. Pilgrim's Pride had a net margin of 0.19% and a trailing twelve-month return on equity of 4.90%.

What ETFs hold Pilgrim's Pride's stock?

ETFs with the largest weight of Pilgrim's Pride (NASDAQ:PPC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG) , LeaderShares AlphaFactor Tactical Focused ETF (LSAT) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Invesco S&P MidCap 400 Revenue ETF (RWK) , WisdomTree U.S. MidCap Fund (EZM) and VanEck Agribusiness ETF (MOO) . iShares MSCI Agriculture Producers ETF (VEGI) .

What is Fabio Sandri's approval rating as Pilgrim's Pride's CEO?

25 employees have rated Pilgrim's Pride Chief Executive Officer Fabio Sandri on Glassdoor.com . Fabio Sandri has an approval rating of 69% among the company's employees.

What other stocks do shareholders of Pilgrim's Pride own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE) , Pampa Energía (PAM) , Micron Technology (MU) , Transportadora de Gas del Sur (TGS) , Oi S.A. American Depositary Sha (OIBR) , Vedanta Resources (VED) , General Electric (GE) , Intel (INTC) , Cisco Systems (CSCO) and Walt Disney (DIS) .

Who are Pilgrim's Pride's major shareholders?

Pilgrim's Pride's stock is owned by many different retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.41%), Morgan Stanley (0.41%), Atlas FRM LLC (0.33%), Charles Schwab Investment Management Inc. (0.31%), Invesco Ltd. (0.25%) and AQR Capital Management LLC (0.22%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni . View institutional ownership trends .

How do I buy shares of Pilgrim's Pride?

Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Pilgrim's Pride Stock Price, News & Analysis (NASDAQ:PPC)

$26.52

+0.31 (+1.18%)

(As of 12/5/2023 ET)

Compare

Today's Range: $25.96
▼
$26.52
50-Day Range: $22.57
▼
$26.60
52-Week Range: $19.96
▼
$26.66

Volume: 571,488 shs
Average Volume: 829,334 shs
Market Capitalization: $6.28 billion

P/E Ratio: 221.02
Dividend Yield: N/A
Price Target: $26.00

Pilgrim's Pride MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 2.0% Downside
$26.00 Price Target
Short Interest: Healthy
6.17% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.28
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 63.16%
From $1.52 to $2.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Consumer Staples Sector

91st out of 127 stocks

Poultry Slaughtering & Processing Industry

2nd out of 2 stocks

1.3

Analyst's Opinion

Consensus Rating
Pilgrim's Pride has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, Pilgrim's Pride has a forecasted downside of 2.0% from its current price of $26.52.
Amount of Analyst Coverage
Pilgrim's Pride has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
6.17% of the float of Pilgrim's Pride has been sold short.
Short Interest Ratio / Days to Cover
Pilgrim's Pride has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pilgrim's Pride has recently decreased by 25.97%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Pilgrim's Pride does not currently pay a dividend.
Dividend Growth
Pilgrim's Pride does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PPC.

3.5

News and Social Media Coverage

News Sentiment
Pilgrim's Pride has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Pilgrim's Pride this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for PPC on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.
MarketBeat Follows
5 people have added Pilgrim's Pride to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pilgrim's Pride insiders have not sold or bought any company stock.
Percentage Held by Insiders
80.36% of the stock of Pilgrim's Pride is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.43% of the stock of Pilgrim's Pride is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Pilgrim's Pride are expected to grow by 63.16% in the coming year, from $1.52 to $2.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pilgrim's Pride is 221.02, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 117.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pilgrim's Pride is 221.02, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.12.
Price to Book Value per Share Ratio
Pilgrim's Pride has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Pilgrim's Pride Stock (NASDAQ:PPC)

Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company offers fresh products, including pre-marinated or non-marinated chicken, frozen whole chickens, breast fillets, mini breast fillets and prepackaged case-ready chicken, primary pork cuts, and pork and pork ribs; and prepared products, which include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, bone-in chicken parts, processed sausages, bacon, slow cooked, smoked meat, and gammon joints, as well as variety of meat products, pre-packed meats, sandwich and deli counter meats, pulled pork balls, meatballs, and coated foods. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim's Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, O'Kane, Richmond, Fridge Raiders, and Denny brands. Pilgrim's Pride Corporation sells its products to the foodservice market principally consists of chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprise primarily grocery store chains, wholesale clubs, and other retail distributors. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation is a subsidiary of JBS S.A.

PPC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PPC Stock News Headlines

December 6, 2023 | americanbankingnews.com

Stock Traders Purchase Large Volume of Pilgrim's Pride Call Options (NASDAQ:PPC)

December 5, 2023 | seekingalpha.com

Pilgrim's Pride: Gaining Momentum But Heavy Overhead Resistance Ahead

December 6, 2023 | Edge On The Street (Ad)

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The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.

November 24, 2023 | finance.yahoo.com

Why Is Pilgrim's Pride (PPC) Up 6.7% Since Last Earnings Report?

November 14, 2023 | finance.yahoo.com

Bull of the Day: Pilgrims Pride (PPC)

November 7, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Pilgrim's Pride and Beyond Meat

October 28, 2023 | finanznachrichten.de

Pilgrim's Pride Corporation: Pilgrim's Pride Reports Third Quarter 2023 Results with $4.4 Billion in Net Sales and Operating Income of $206.4 Million

October 27, 2023 | finance.yahoo.com

Pilgrim’s Pride Corporation (NASDAQ:PPC) Q3 2023 Earnings Call Transcript

December 6, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

October 26, 2023 | msn.com

Supplementary Review: Pilgrim’s Pride (PPC), October 26, 2023

October 26, 2023 | finance.yahoo.com

Pilgrim's Pride Stock Adds To Its Rising Relative Price Strength Rating; Q3 Beats Estimates

October 26, 2023 | seekingalpha.com

Pilgrim's Pride Corporation 2023 Q3 - Results - Earnings Call Presentation

October 26, 2023 | finance.yahoo.com

Pilgrims Pride Corp (PPC) Reports Q3 2023 Earnings with $4.4 Billion in Net Sales

October 25, 2023 | marketwatch.com

Pilgrim's Pride 3Q Profit, Revenue Fall but Top Estimates

October 25, 2023 | finance.yahoo.com

Pilgrim’s Pride Reports Third Quarter 2023 Results with $4.4 Billion in Net Sales and Operating Income of $206.4 Million

October 24, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Pilgrims Pride's earnings report

October 24, 2023 | benzinga.com

Pilgrims Pride's Earnings: A Preview

October 10, 2023 | finance.yahoo.com

Should You Be Concerned About Pilgrim's Pride Corporation's (NASDAQ:PPC) ROE?

October 10, 2023 | finance.yahoo.com

Pilgrim’s Pride Corporation to Host Third Quarter Earnings Call on October 26, 2023

September 28, 2023 | money.usnews.com

Pilgrim`s Pride Corp.

September 27, 2023 | finance.yahoo.com

PILGRIM'S PRIDE ANNOUNCES PRICING OF SENIOR NOTES DUE 2034

September 24, 2023 | finance.yahoo.com

Should You Investigate Pilgrim's Pride Corporation (NASDAQ:PPC) At US$22.81?

September 20, 2023 | finance.yahoo.com

Pilgrim's Releases 2022 Sustainability Report

September 18, 2023 | seekingalpha.com

Pilgrim's Pride: Transformation And Negotiation With Clients May Imply Undervaluation

September 8, 2023 | msn.com

How to unlock the Pilgrim’s room in Starfield

September 3, 2023 | finance.yahoo.com

The Returns On Capital At Pilgrim's Pride (NASDAQ:PPC) Don't Inspire Confidence

August 25, 2023 | finance.yahoo.com

Why Is Pilgrim's Pride (PPC) Up 1.9% Since Last Earnings Report?

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Poultry slaughtering & processing
Sub-Industry: Packaged Foods & Meats
Sector: Consumer Staples
Current Symbol: NASDAQ:PPC
CUSIP: 72147K10
CIK: 802481
Web: www.pilgrims.com
Phone: (970) 506-8000
Fax: 302-655-5049
Employees: 61,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $26.00
High Stock Price Target: $28.00
Low Stock Price Target: $23.00
Potential Upside/Downside: -2.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.12
Trailing P/E Ratio: 221.02
Forward P/E Ratio: 17.45
P/E Growth: N/A
Net Income: $745.93 million
Net Margins: 0.19%
Pretax Margin: 0.46%
Return on Equity: 4.90%
Return on Assets: 1.52%

Debt

Debt-to-Equity Ratio: 1.20
Current Ratio: 1.75
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $17.47 billion
Price / Sales: 0.36
Cash Flow: $5.31 per share
Price / Cash Flow: 4.99
Book Value: $12.07 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 236,790,000
Free Float: 46,506,000
Market Cap: $6.28 billion
Optionable: Optionable
Beta: 0.95

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Key Executives

Mr. Fabio Sandri (Age 51)
President & CEO
Comp: $2.28M
Mr. Matthew R. Galvanoni (Age 50)
VP, CFO & Chief Accounting Officer
Comp: $1.2M
Mr. James J. Miner (Age 93)
Senior Vice President of Technical Services
Mr. Andrew Rojeski
Head of Strategy, Investor Relations & Net-Zero Programs
Ms. Lisa Burdick
Head of Human Resources
Ms. Kendra Waldbusser
Head of Global Food Safety & Quality Assurance
Mr. Charles von der Heyde
President of Pilgrim's De Mexico
Mr. Chris Kirke
President of Moy Park
Mr. Ivan Siqueira
President of Pilgrim's UK
Mr. Nick Robinson
Chief Executive Officer of Pilgrim's Food Masters

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PPC Stock Analysis - Frequently Asked Questions

Should I buy or sell Pilgrim's Pride stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PPC shares.
View PPC analyst ratings or view top-rated stocks.
What is Pilgrim's Pride's stock price target for 2024?: 3 brokerages have issued 12-month price targets for Pilgrim's Pride's shares. Their PPC share price targets range from $23.00 to $28.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests that the stock has a possible downside of 2.0%.
View analysts price targets for PPC or view top-rated stocks among Wall Street analysts.
How have PPC shares performed in 2023?: Pilgrim's Pride's stock was trading at $23.73 at the start of the year. Since then, PPC shares have increased by 11.8% and is now trading at $26.52.
View the best growth stocks for 2023 here.
Are investors shorting Pilgrim's Pride?: Pilgrim's Pride saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 2,480,000 shares, a drop of 26.0% from the October 31st total of 3,350,000 shares. Based on an average trading volume of 809,000 shares, the short-interest ratio is currently 3.1 days. Currently, 6.2% of the company's stock are short sold.
View Pilgrim's Pride's Short Interest.
When is Pilgrim's Pride's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our PPC earnings forecast.
How were Pilgrim's Pride's earnings last quarter?: Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $4.36 billion for the quarter. Pilgrim's Pride had a net margin of 0.19% and a trailing twelve-month return on equity of 4.90%.

What ETFs hold Pilgrim's Pride's stock?: ETFs with the largest weight of Pilgrim's Pride (NASDAQ:PPC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), WisdomTree U.S. MidCap Fund (EZM) and VanEck Agribusiness ETF (MOO).iShares MSCI Agriculture Producers ETF (VEGI).
What is Fabio Sandri's approval rating as Pilgrim's Pride's CEO?: 25 employees have rated Pilgrim's Pride Chief Executive Officer Fabio Sandri on Glassdoor.com. Fabio Sandri has an approval rating of 69% among the company's employees.
What other stocks do shareholders of Pilgrim's Pride own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE), Pampa Energía (PAM), Micron Technology (MU), Transportadora de Gas del Sur (TGS), Oi S.A. American Depositary Sha (OIBR), Vedanta Resources (VED), General Electric (GE), Intel (INTC), Cisco Systems (CSCO) and Walt Disney (DIS).
Who are Pilgrim's Pride's major shareholders?: Pilgrim's Pride's stock is owned by many different retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.41%), Morgan Stanley (0.41%), Atlas FRM LLC (0.33%), Charles Schwab Investment Management Inc. (0.31%), Invesco Ltd. (0.25%) and AQR Capital Management LLC (0.22%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni.
View institutional ownership trends.
How do I buy shares of Pilgrim's Pride?: Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:PPC) was last updated on 12/6/2023 by MarketBeat.com Staff

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