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

Pilgrim's Pride's stock was trading at $18.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PPC stock has decreased by 9.4% and is now trading at $16.67. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pilgrim's Pride.

Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Pilgrim's Pride.

Pilgrim's Pride will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Pilgrim's Pride Co. (NASDAQ:PPC) announced its earnings results on Wednesday, April, 29th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company earned $3.07 billion during the quarter, compared to analysts' expectations of $2.98 billion. Pilgrim's Pride had a return on equity of 15.14% and a net margin of 3.73%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. View Pilgrim's Pride's earnings history.

Pilgrim's Pride declared that its Board of Directors has approved a share buyback plan on Wednesday, October 31st 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

7 brokerages have issued 12-month target prices for Pilgrim's Pride's stock. Their forecasts range from $19.00 to $34.00. On average, they anticipate Pilgrim's Pride's share price to reach $26.29 in the next year. This suggests a possible upside of 57.7% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

Media coverage about PPC stock has been trending extremely negative on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news about Pilgrim's Pride.

Pilgrim's Pride saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,670,000 shares, a drop of 8.9% from the June 15th total of 2,930,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 2.1 days. Currently, 5.3% of the shares of the company 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), MCCORMICK & CO /SH (MKC), Kellogg (K), Tyson Foods (TSN), 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). View all competitors.

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), OI (OIBR), Vedanta Resources (VED), General Electric (GE), Micron Technology (MU), Alibaba Group (BABA), Cisco Systems (CSCO) and NVIDIA (NVDA).

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

Pilgrim's Pride's stock is owned by a variety of institutional and retail investors. Top institutional investors include New England Research & 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 bought by a variety of institutional investors in the last quarter, including New England Research & Management Inc.. 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 $16.67.

Pilgrim's Pride has a market capitalization of $4.11 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.

The official website for Pilgrim's Pride is 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]