NASDAQ:PPC

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

$22.47

+0.36 (+1.63%)

(As of 03/29/2023 12:00 AM ET)

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Today's Range: $22.21
▼
$22.73
50-Day Range: $21.34
▼
$26.17
52-Week Range: $20.85
▼
$34.66

Volume: 456,733 shs
Average Volume: 878,689 shs
Market Capitalization: $5.31 billion

P/E Ratio: 7.32
Dividend Yield: N/A
Price Target: $29.00

Institutional Ownership

Pilgrim's Pride MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 29.1% Upside
$29.00 Price Target
Short Interest: Bearish
8.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 5 Articles This Week
Insider Trading: Selling Shares
$366,350 Sold Last Quarter
Proj. Earnings Growth: 77.88%
From $1.13 to $2.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Consumer Staples Sector

29th out of 136 stocks

Poultry Slaughtering & Processing Industry

2nd out of 4 stocks

3.2

Analyst's Opinion

Consensus Rating
Pilgrim's Pride has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.00, Pilgrim's Pride has a forecasted upside of 29.1% from its current price of $22.47.
Amount of Analyst Coverage
Pilgrim's Pride has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.38% of the float of Pilgrim's Pride has been sold short.
Short Interest Ratio / Days to Cover
Pilgrim's Pride has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pilgrim's Pride has recently increased by 0.61%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Pilgrim's Pride does not currently pay a dividend.
Dividend Growth
Pilgrim's Pride does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PPC.

2.6

News and Social Media Coverage

News Sentiment
Pilgrim's Pride has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Pilgrim's Pride this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for PPC on MarketBeat in the last 30 days. This is a decrease of -91% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Pilgrim's Pride to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pilgrim's Pride insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $366,350.00 in company stock.
Percentage Held by Insiders
80.36% of the stock of Pilgrim's Pride is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.81% of the stock of Pilgrim's Pride is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Pilgrim's Pride are expected to grow by 77.88% in the coming year, from $1.13 to $2.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pilgrim's Pride is 7.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pilgrim's Pride is 7.32, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.96.
Price to Earnings Growth Ratio
Pilgrim's Pride has a PEG Ratio of 3.28. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Pilgrim's Pride has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Pilgrim's Pride (NASDAQ:PPC) Stock

Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A. Pilgrim and Aubrey Pilgrim on October 2, 1946, and is headquartered in Greeley, CO.

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PPC Stock News Headlines

March 27, 2023 | cnn.com

Florida Panthers’ Staal brothers are latest NHL stars to refuse Pride jerseys, citing ‘religious beliefs’

March 25, 2023 | latimes.com

Puritan's Pride Coupon March 2023

March 30, 2023 | Stansberry Research (Ad)

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March 23, 2023 | msn.com

Pilgrim's Pride files to sell mix of securities

March 22, 2023 | finance.yahoo.com

Pilgrim's Pride Corporation (PPC)

March 19, 2023 | travel.usnews.com

Carnival Pride

March 19, 2023 | thestreet.com

Why Hillshire Brands (HSH) Stock Hit a One-Year High Today (Update)

March 2, 2023 | benzinga.com

Grabar Law Office Investigates Claims on Behalf of Pilgrim's Pride Corp. (PPC) Shareholders

March 30, 2023 | Weiss Ratings (Ad)

Fed's Shocking New Plan to Control Your Money

The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 

February 16, 2023 | finance.yahoo.com

PILGRIM'S PRIDE CORPORATION ANNOUNCES EXPIRATION AND RESULTS OF ITS REGISTERED EXCHANGE OFFERS FOR ANY AND ALL OF ITS OUTSTANDING 4.250% SUSTAINABILITY-LINKED SENIOR NOTES DUE 2031 AND 3.500% SENIOR NOTES DUE 2032

February 10, 2023 | finanznachrichten.de

Pilgrim's Pride Corporation: Pilgrim's Pride Reports Fourth Quarter and Year-End 2022 Results

February 9, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: Pilgrim’s Pride (PPC) and DuPont de Nemours (DD)

February 9, 2023 | finance.yahoo.com

Pilgrim’s Pride Surges as Consumers Swap Beef for Cheap Chicken

February 9, 2023 | finance.yahoo.com

Pilgrim's Pride underestimated U.S. meat supplies, hurting earnings

February 8, 2023 | msn.com

Pilgrim's Pride Non-GAAP EPS of -$0.49 misses by $0.39, revenue of $4.13B beats by $100M

February 8, 2023 | finance.yahoo.com

Pilgrim’s Pride Reports Fourth Quarter and Year-End 2022 Results

January 28, 2023 | hk.finance.yahoo.com

Global Pork Market 2023 - 2028: Players Include JBS, Tyson Foods, Pilgrim's Pride and Danish Crown

January 17, 2023 | finance.yahoo.com

Pilgrim’s Pride Corporation to Host Year End 2022 Earnings Call on February 9, 2023

December 29, 2022 | finance.yahoo.com

Pilgrim's Pride (PPC) Poised on Solid Performance & Expansions

December 22, 2022 | seekingalpha.com

Pilgrim's Pride: Attractive Valuation In The Face Of A Tough 2023, Shares Nearing Support

December 22, 2022 | seekingalpha.com

Pilgrim's Pride: Positioned Well To Outperform Sector

December 20, 2022 | thestreet.com

Pilgrim's Pride (PPC) Stock Falls Today After Suspected Bird Flu Case in Arkansas

November 25, 2022 | finance.yahoo.com

Why Is Pilgrim's Pride (PPC) Up 12.7% Since Last Earnings Report?

November 15, 2022 | finanznachrichten.de

Pilgrim's Pride Corporation: Pilgrim's Pride Reports Third Quarter 2022 Results with $4.47 Billion in Net Sales and Operating Income Margin of 7.6%

November 8, 2022 | businesswire.com

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Pilgrim’s Pride Corporation’s Directors and Officers for Breach of Fiduciary Duties – PPC

November 5, 2022 | finance.yahoo.com

Justice Department Launches Probe Into Poultry Companies' Payment Practices: Report

October 27, 2022 | apnews.com

Pilgrim’s Pride: Q3 Earnings Snapshot

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30 days | 90 days | 365 days | Advanced Chart

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PPC Company Calendar

Last Earnings: 2/09/2023
Today: 3/29/2023
Next Earnings (Estimated): 4/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Poultry slaughtering & processing
Sub-Industry: Packaged Foods & Meats
Sector: Consumer Staples
Current Symbol: NASDAQ:PPC
CUSIP: 72147K10
CIK: 802481
Web: www.pilgrims.com
Phone: (970) 506-8000
Fax: 302-655-5049
Employees: 61,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $29.00
High Stock Price Forecast: $36.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +29.1%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.07
Trailing P/E Ratio: 7.32
Forward P/E Ratio: 19.88
P/E Growth: 3.28
Net Income: $745.93 million
Net Margins: 4.27%
Pretax Margin: 5.87%
Return on Equity: 28.55%
Return on Assets: 8.69%

Debt

Debt-to-Equity Ratio: 1.11
Current Ratio: 1.51
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $17.47 billion
Price / Sales: 0.30
Cash Flow: $5.24 per share
Price / Cash Flow: 4.29
Book Value: $12.07 per share
Price / Book: 1.86

Miscellaneous

Outstanding Shares: 236,470,000
Free Float: 46,443,000
Market Cap: $5.31 billion
Optionable: Optionable
Beta: 0.99

Key Executives

Fábio Sandri
President & Chief Executive Officer

Matthew Robert Galvanoni
Chief Financial Officer & Accounting Officer

Lisa Burdick
Head-Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PPC Stock - Frequently Asked Questions

Should I buy or sell Pilgrim's Pride stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
View PPC analyst ratings or view top-rated stocks.
What is Pilgrim's Pride's stock price forecast for 2023?: 3 Wall Street research analysts have issued 12-month price targets for Pilgrim's Pride's shares. Their PPC share price forecasts range from $23.00 to $36.00. On average, they anticipate the company's stock price to reach $29.00 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
View analysts price targets for PPC or view top-rated stocks among Wall Street analysts.
How have PPC shares performed in 2023?: Pilgrim's Pride's stock was trading at $23.73 at the start of the year. Since then, PPC stock has decreased by 5.3% and is now trading at $22.47.
View the best growth stocks for 2023 here.
When is Pilgrim's Pride's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PPC earnings forecast.
How were Pilgrim's Pride's earnings last quarter?: Pilgrim's Pride Co. (NASDAQ:PPC) issued its quarterly earnings results on Thursday, February, 9th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.56. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.03 billion. Pilgrim's Pride had a trailing twelve-month return on equity of 28.55% and a net margin of 4.27%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share.
What ETFs hold Pilgrim's Pride's stock?: ETFs with the largest weight of Pilgrim's Pride (NASDAQ:PPC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P MidCap 400 Pure Value ETF (RFV), Burney U.S. Factor Rotation ETF (BRNY), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco Zacks Mid-Cap ETF (CZA).
What is Fabio Sandri's approval rating as Pilgrim's Pride's CEO?: 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.

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), 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).
What is Pilgrim's Pride's stock symbol?: Pilgrim's Pride trades on the NASDAQ under the ticker symbol "PPC."
Who are Pilgrim's Pride's major shareholders?: Pilgrim's Pride's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.08%), AQR Capital Management LLC (0.87%), Allspring Global Investments Holdings LLC (0.47%), Atlas FRM LLC (0.44%), Appian Way Asset Management LP (0.41%) and First Trust Advisors LP (0.39%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni.
View institutional ownership trends.
How do I buy shares of Pilgrim's Pride?: 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.
Compare Top Brokerages Here.
What is Pilgrim's Pride's stock price today?: One share of PPC stock can currently be purchased for approximately $22.47.
How much money does Pilgrim's Pride make?: Pilgrim's Pride (NASDAQ:PPC) has a market capitalization of $5.31 billion and generates $17.47 billion in revenue each year. The company earns $745.93 million in net income (profit) each year or $3.07 on an earnings per share basis.
How many employees does Pilgrim's Pride have?: The company employs 61,500 workers across the globe.
How can I contact Pilgrim's Pride?: 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.

This page (NASDAQ:PPC) was last updated on 3/30/2023 by MarketBeat.com Staff

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

Pilgrim's Pride MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Pilgrim's Pride (NASDAQ:PPC) Stock

PPC Stock News Headlines

PPC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PPC Stock - Frequently Asked Questions

Overall MarketRank^™