NASDAQ:PPCPilgrim's Pride Stock Price, Forecast & News

Pilgrim's Pride's stock was trading at $18.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PPC shares have increased by 4.0% and is now trading at $19.13. View which stocks have been most impacted by Coronavirus.

8 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pilgrim's Pride.

Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Pilgrim's Pride.

Pilgrim's Pride Co. (NASDAQ:PPC) issued its quarterly earnings results on Thursday, February, 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.08. The business earned $3.06 billion during the quarter, compared to analyst estimates of $2.89 billion. Pilgrim's Pride had a net margin of 4.00% and a return on equity of 17.49%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. View Pilgrim's Pride's earnings history.

Pilgrim's Pride announced that its board has initiated a stock repurchase program on Wednesday, October 31st 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

8 brokerages have issued twelve-month price targets for Pilgrim's Pride's shares. Their forecasts range from $27.00 to $36.00. On average, they expect Pilgrim's Pride's stock price to reach $30.57 in the next year. This suggests a possible upside of 59.8% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

News coverage about PPC stock has been trending very negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPilgrim's Pride.

Pilgrim's Pride saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,484,700 shares, an increase of 13.5% from the February 27th total of 3,070,000 shares. Based on an average daily volume of 1,262,000 shares, the short-interest ratio is currently 2.8 days. Currently, 6.6% 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), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), Kellogg (K), Tyson Foods (TSN), MCCORMICK & CO /SH (MKC), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and Hain Celestial Group (HAIN).

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), NVIDIA (NVDA), General Electric (GE), Alibaba Group (BABA) and AT&T (T).

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

Pilgrim's Pride's stock is owned by a number of retail and institutional investors. Top institutional investors include Foundation Resource Management Inc. (0.01%). 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 Foundation Resource Management Inc.. Company insiders that have sold Pilgrim's Pride company stock in the last year include Fabio Sandri, and Jayson Penn. View insider buying and selling activity 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 $19.13.

Pilgrim's Pride has a market capitalization of $4.77 billion and generates $11.41 billion in revenue each year. The company earns $455.92 million in net income (profit) each year or $1.62 on an earnings per share basis. Pilgrim's Pride employs 31,900 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]