NASDAQ:PPC - Pilgrim's Pride Stock Price, Forecast & News

Pilgrim's Pride trades on the NASDAQ under the ticker symbol "PPC."

Pilgrim's Pride announced that its Board of Directors has initiated a share buyback program on Wednesday, October 31st 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Pilgrim's Pride Co. (NASDAQ:PPC) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The business earned $2.78 billion during the quarter, compared to the consensus estimate of $2.74 billion. Pilgrim's Pride had a net margin of 3.24% and a return on equity of 17.87%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. View Pilgrim's Pride's Earnings History.

Pilgrim's Pride is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Pilgrim's Pride.

7 analysts have issued 1-year price targets for Pilgrim's Pride's stock. Their forecasts range from $19.00 to $36.00. On average, they anticipate Pilgrim's Pride's stock price to reach $31.20 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets for Pilgrim's Pride.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pilgrim's Pride.

Media coverage about PPC stock has trended somewhat negative on Saturday, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pilgrim's Pride earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Pilgrim's Pride.

Pilgrim's Pride saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,620,000 shares, a decrease of 15.8% from the December 15th total of 4,300,000 shares. Based on an average daily trading volume, of 758,500 shares, the short-interest ratio is presently 4.8 days. Currently, 6.8% of the shares of the stock are short sold. View Pilgrim's Pride's Current Options Chain.

Some companies that are related to Pilgrim's Pride include Mondelez International (MDLZ), Tyson Foods (TSN), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), Kellogg (K), MCCORMICK & CO /SH (MKC), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Seaboard (SEB), Flowers Foods (FLO), Lancaster Colony (LANC) and J & J Snack Foods (JJSF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE), Transportadora de Gas del Sur (TGS), Pampa Energia (PAM), Vedanta Resources (VED), OI (OIBR), Micron Technology (MU), VEON (VEON), YPF (YPF), NVIDIA (NVDA) and General Electric (ge).

Pilgrim's Pride's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Hudson Capital Management LLC (0.03%), Assenagon Asset Management S.A. (0.01%), State of Alaska Department of Revenue (0.00%), FNY Investment Advisers LLC (0.00%), Nisa Investment Advisors LLC (0.00%) and IFP Advisors Inc (0.00%). Company insiders that own Pilgrim's Pride stock include Fabio Sandri, Jayson Penn, Michael L Cooper and William W Lovette. View Institutional Ownership Trends for Pilgrim's Pride.

PPC stock was sold by a variety of institutional investors in the last quarter, including IFP Advisors Inc and Hudson Capital Management LLC. Company insiders that have sold Pilgrim's Pride company stock in the last year include Fabio Sandri, Jayson Penn and William W Lovette. View Insider Buying and Selling for Pilgrim's Pride.

PPC stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., FNY Investment Advisers LLC, Nisa Investment Advisors LLC and State of Alaska Department of Revenue. View Insider Buying and Selling for Pilgrim's Pride.

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

One share of PPC stock can currently be purchased for approximately $29.50.

Pilgrim's Pride has a market capitalization of $7.36 billion and generates $10.94 billion in revenue each year. The company earns $247.94 million in net income (profit) each year or $1.28 on an earnings per share basis. Pilgrim's Pride employs 52,100 workers across the globe.View Additional Information About Pilgrim's Pride.

The official website for Pilgrim's Pride is http://www.pilgrims.com/.

Pilgrim's Pride's mailing address is 1770 PROMONTORY CIRCLE, GREELEY CO, 80634. The company can be reached via phone at 970-506-8000 or via email at [email protected]