Pilgrim's Pride Stock Forecast, Price & 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 (WHO). Since then, PPC stock has decreased by 22.0% and is now trading at $14.3450.
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6 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Pilgrim's Pride.

Pilgrim's Pride Co. (NASDAQ:PPC) released its quarterly earnings data on Wednesday, July, 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.11 by $0.13. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.93 billion. Pilgrim's Pride had a return on equity of 7.89% and a net margin of 2.24%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS.
View Pilgrim's Pride's earnings history.

Pilgrim's Pride declared that its Board of Directors has initiated a share buyback program on Wednesday, October 31st 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

6 analysts have issued 1-year target prices for Pilgrim's Pride's shares. Their forecasts range from $19.00 to $32.00. On average, they anticipate Pilgrim's Pride's stock price to reach $25.00 in the next year. This suggests a possible upside of 74.3% from the stock's current price.
View analysts' price targets for Pilgrim's Pride.

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), Hain Celestial Group (HAIN) and Seaboard (SEB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE), Pampa Energia (PAM), Transportadora de Gas del Sur (TGS), Micron Technology (MU), OI (OIBR), Vedanta Resources (VED), General Electric (GE), Cisco Systems (CSCO), Intel (INTC) and NVIDIA (NVDA).

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

Pilgrim's Pride's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.11%), LSV Asset Management (1.91%), AQR Capital Management LLC (1.15%), Prudential Financial Inc. (1.04%), Personal Capital Advisors Corp (0.49%) and Pinnacle Wealth Planning Services Inc. (0.27%). Company insiders that own Pilgrim's Pride stock include Fabio Sandri, Jayson Penn 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 AQR Capital Management LLC, Goldman Sachs Group Inc., UBS Group AG, AJO LP, Mackay Shields LLC, Canada Pension Plan Investment Board, Vanguard Group Inc., and Bank of America Corp DE.
View insider buying and selling activity for Pilgrim's Pride.

PPC stock was acquired by a variety of institutional investors in the last quarter, including Pinnacle Wealth Planning Services Inc., Prudential Financial Inc., Bank of Nova Scotia, Personal Capital Advisors Corp, Bank of Montreal Can, Jacobs Levy Equity Management Inc., Nuveen Asset Management LLC, and Ensign Peak Advisors 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 $14.35.

Pilgrim's Pride has a market capitalization of $3.50 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]