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

$26.22
-0.38 (-1.43 %)
(As of 02/17/2020 02:33 AM ET)
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Today's Range
$26.14
Now: $26.22
$26.62
50-Day Range
$26.05
MA: $29.21
$32.97
52-Week Range
$19.34
Now: $26.22
$33.67
Volume435,291 shs
Average VolumeN/A
Market CapitalizationN/A
P/E Ratio18.34
Dividend YieldN/A
BetaN/A
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 N/A
Sub-IndustryPackaged Foods & Meats
SectorN/A
Current SymbolNASDAQ:PPC
CUSIP72147K10
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees52,100
Next Earnings Date2/20/2020 (Confirmed)
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 declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 31st 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

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

Pilgrim's Pride Co. (NASDAQ:PPC) issued its earnings results on Wednesday, October, 30th. The company reported $0.45 EPS for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.02. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.74 billion. Pilgrim's Pride's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $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 Thursday, February 20th 2020. View Earnings Estimates for Pilgrim's Pride.

How can I listen to Pilgrim's Pride's earnings call?

Pilgrim's Pride will be holding an earnings conference call on Thursday, February 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for PPC?

7 Wall Street analysts have issued 12 month price objectives for Pilgrim's Pride's stock. Their forecasts range from $19.00 to $36.00. On average, they anticipate Pilgrim's Pride's share price to reach $31.20 in the next year. This suggests a possible upside of 19.0% 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?

News coverage about PPC stock has trended somewhat positive on Monday, according to InfoTrie. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pilgrim's Pride earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Pilgrim's Pride.

Are investors shorting Pilgrim's Pride?

Pilgrim's Pride saw a decline in short interest in January. As of January 31st, there was short interest totalling 3,380,000 shares, a decline of 6.6% from the January 15th total of 3,620,000 shares. Based on an average daily trading volume, of 748,700 shares, the days-to-cover ratio is presently 4.5 days. Currently, 6.4% of the company's shares are sold short. 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), NVIDIA (NVDA), General Electric (GE), VEON (VEON) and AT&T (T).

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 institutional and retail investors. Top institutional shareholders include LSV Asset Management (1.93%), Prudential Financial Inc. (1.17%), AQR Capital Management LLC (1.15%), State Street Corp (0.51%), Goldman Sachs Group Inc. (0.42%) and Personal Capital Advisors Corp (0.41%). 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 institutional investors are selling Pilgrim's Pride stock?

PPC stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, AJO LP, First Trust Advisors LP, Russell Investments Group Ltd., Bank of New York Mellon Corp, Guggenheim Capital LLC, Goldman Sachs Group Inc. and Martingale Asset Management L P. 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 institutional investors are buying Pilgrim's Pride stock?

PPC stock was purchased by a variety of institutional investors in the last quarter, including CI Investments Inc., Prudential Financial Inc., Renaissance Technologies LLC, AQR Capital Management LLC, Bank of Montreal Can, Bank of America Corp DE, Empire Life Investments Inc. and Retirement Systems of Alabama. 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 $26.22.


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

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  306 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  673
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 2/17/2020 by MarketBeat.com Staff

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