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

$29.50
-0.42 (-1.40 %)
(As of 01/17/2020 04:00 PM ET)
Today's Range
$29.37
Now: $29.50
$30.11
50-Day Range
$29.50
MA: $32.00
$33.45
52-Week Range
$18.11
Now: $29.50
$33.67
Volume719,300 shs
Average Volume736,800 shs
Market Capitalization$7.36 billion
P/E Ratio23.05
Dividend YieldN/A
Beta0.74
Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts. Read More…

Industry, Sector and Symbol

Industry Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNASDAQ:PPC
CUSIP72147K10
Phone970-506-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.94 billion
Cash Flow$2.24 per share
Book Value$8.11 per share

Profitability

Net Income$247.94 million

Miscellaneous

Employees52,100
Market Cap$7.36 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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Pilgrim's Pride (NASDAQ:PPC) Frequently Asked Questions

What is Pilgrim's Pride's stock symbol?

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

How will Pilgrim's Pride's stock buyback program work?

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.

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

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.

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

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

What price target have analysts set for PPC?

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.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about Pilgrim's Pride stock?

Here are some recent quotes from research analysts about Pilgrim's Pride stock:
  • 1. According to Zacks Investment Research, "Pilgrim’s Pride’s shares have outpaced the industry in the last six months. The company is gaining from solid Prepared Foods business. Volumes in the segment grew double digits in the United States in the third quarter of 2019 on investments in R&D and marketing of new products. The company continues to gain from strategic acquisitions and expansion in the fresh foods space, courtesy of solid consumer response. Earnings and sales grew year over year, backed by improved U.S. and Mexican market conditions. Moreover, cost of sales dropped and aided the gross margin. However, soft sales from Europe and escalated input costs in the region were headwinds, though Key Customer strategy is helping the company mitigate the cost challenges. Stiff competition and rising demand for plant-based protein alternatives are also concerns." (1/3/2020)
  • 2. Jefferies Financial Group Inc analysts commented, "Although we had significantly lowered our 4Q18 estimates earlier in the week, EBIT missed our below-the-Street estimate by ~28% because of a challenging environment (oversupply) in the US and higher grain costs in Europe. US retail chicken demand has improved over the past month; however, we remain sceptical about its sustainability given the abundance of competing protein supplies. As such, we remain cautious on NT industry fundamentals. 4Q18 EBIT significantly missed our already below-consensus estimates. 4Q18 net sales came in at ~$18M (or 1%) below our estimates but were in line with consensus. Consolidated gross margin of 4.2% was 150bp below our estimate and 170bp below consensus, resulting in gross profit missing our estimate by ~27% and consensus by ~29%. This was partially offset by lower SG&A/sales, which came in 90bp below our estimate and 150bp below consensus." (2/17/2019)

Has Pilgrim's Pride been receiving favorable news coverage?

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.

Are investors shorting 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.

Who are some of Pilgrim's Pride's key competitors?

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), 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).

Who are Pilgrim's Pride's key executives?

Pilgrim's Pride's management team includes the folowing people:
  • Mr. Fabio Sandri, Principal Accounting Officer (Age 47)
  • Mr. William W. Lovette, Strategic Advisor (Age 59)
  • Mr. Jayson Penn, CEO & Pres
  • Flavio Malnarcic, Chief Financial Officer
  • James J. Miner Ph.D., Sr. VP of Technical Services (Age 89)

Who are Pilgrim's Pride's major shareholders?

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.

Which major investors are selling Pilgrim's Pride stock?

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.

Which major investors are buying Pilgrim's Pride stock?

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.

How do I buy shares of 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.

What is Pilgrim's Pride's stock price today?

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

How big of a company is Pilgrim's Pride?

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.

What is Pilgrim's Pride's official website?

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

How can I contact Pilgrim's Pride?

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]


MarketBeat Community Rating for Pilgrim's Pride (NASDAQ PPC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  649
MarketBeat's community ratings are surveys of what our community members think about Pilgrim's Pride and other stocks. Vote "Outperform" if you believe PPC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PPC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/18/2020 by MarketBeat.com Staff

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