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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPC, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 1 year target prices for Pilgrim's Pride's stock. Their PPC share price forecasts range from $28.00 to $36.00. On average, they predict the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 32.7% from the stock's current price.
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Pilgrim's Pride's stock was trading at $23.73 on January 1st, 2023. Since then, PPC shares have increased by 1.6% and is now trading at $24.12.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PPC earnings forecast.

Pilgrim's Pride will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7012131".

Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings results on Wednesday, October, 27th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by $0.02. The business earned $3.83 billion during the quarter, compared to the consensus estimate of $3.72 billion. Pilgrim's Pride had a trailing twelve-month return on equity of 38.44% and a net margin of 5.40%. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS.

25 employees have rated Pilgrim's Pride Chief Executive Officer Fabio Sandri on Glassdoor.com. Fabio Sandri has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE), Pampa Energía (PAM), Micron Technology (MU), Transportadora de Gas del Sur (TGS), Oi S.A. American Depositary Sha (OIBR), Vedanta Resources (VED), General Electric (GE), Intel (INTC), Cisco Systems (CSCO) and Walt Disney (DIS).

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 Allspring Global Investments Holdings LLC (0.47%), State of Alaska Department of Revenue (0.06%), Strs Ohio (0.03%), National Bank of Canada FI (0.03%), New York State Common Retirement Fund (0.03%) and Sequoia Financial Advisors LLC (0.01%). Insiders that own company stock include Fabio Sandri, Jayson Penn and Matthew R Galvanoni.
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Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PPC stock can currently be purchased for approximately $24.12.

Pilgrim's Pride (NASDAQ:PPC) has a market capitalization of $5.70 billion and generates $14.78 billion in revenue each year. The company earns $31 million in net income (profit) each year or $3.88 on an earnings per share basis.

The company employs 59,400 workers across the globe.

Pilgrim's Pride's mailing address is 1770 PROMONTORY CIRCLE, GREELEY CO, 80634. The official website for the company is www.pilgrims.com. The company can be reached via phone at (970) 506-8000, via email at irppc@pilgrims.com, or via fax at 302-655-5049.