NASDAQ:PPCPilgrim's Pride Stock Price, Forecast & News

$21.44

+0.50 (+2.39 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$20.71

Now: $21.45▼

$21.47

50-Day Range

$17.96

MA: $20.19▼

$22.01

52-Week Range

$15.75

Now: $21.45▼

$33.67

Volume716,852 shs

Average Volume1.03 million shs

Market Capitalization$5.29 billion

P/E Ratio12.18

Dividend YieldN/A

Beta1.05

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. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. The company sells its products to the foodservice market that includes chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprises primarily grocery store chains, wholesale clubs, and other retail distributors. It also exports its products the Middle East, Asia, and other countries, as well as France, Puerto Rico, and the Netherlands. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation is a subsidiary of JBS S.A.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Pilgrim's Pride has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.71, Pilgrim's Pride has a potential upside of 43.2% from its current price of $21.45.
Amount of Analyst Coverage
Pilgrim's Pride has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Pilgrim's Pride has received 323 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Pilgrim's Pride has received 384 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Pilgrim's Pride has received 54.31% “underperform” votes from our community.

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.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pilgrim's Pride insiders have not sold or bought any company stock.
Percentage Held by Insiders
78.70% 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 19.09% 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 55.45% in the coming year, from $1.10 to $1.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pilgrim's Pride is 12.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pilgrim's Pride is 12.18, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.67.
Price to Earnings Growth Ratio
Pilgrim's Pride has a PEG Ratio of 2.82. 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 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.96 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Poultry slaughtering & processing

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNASDAQ:PPC

Previous Symbol

CUSIP72147K10

CIK802481

Webwww.pilgrims.com

Phone970-506-8000

Debt

Debt-to-Equity Ratio1.15

Current Ratio1.89

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio12.18

Forward P/E Ratio19.50

P/E Growth2.82

Sales & Book Value

Annual Sales$11.41 billion

Price / Sales0.46

Cash Flow$2.89 per share

Price / Cash Flow7.41

Book Value$10.04 per share

Price / Book2.14

Profitability

EPS (Most Recent Fiscal Year)$1.62

Net Income$455.92 million

Net Margins3.73%

Return on Equity15.14%

Return on Assets5.30%

Miscellaneous

Employees31,900

Outstanding Shares246,738,000

Market Cap$5.29 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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

How has Pilgrim's Pride's stock been impacted by COVID-19 (Coronavirus)?

Pilgrim's Pride's stock was trading at $18.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PPC shares have increased by 16.5% and is now trading at $21.4450. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pilgrim's Pride.

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

Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Pilgrim's Pride.

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

Pilgrim's Pride Co. (NASDAQ:PPC) issued its quarterly earnings data on Wednesday, April, 29th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.98 billion. Pilgrim's Pride had a net margin of 3.73% and a return on equity of 15.14%. Pilgrim's Pride's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. View Pilgrim's Pride's earnings history.

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

Pilgrim's Pride declared that its board has initiated a share buyback plan on Wednesday, October 31st 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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 $27.00 to $36.00. On average, they anticipate Pilgrim's Pride's share price to reach $30.71 in the next twelve months. This suggests a possible upside of 43.2% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

Has Pilgrim's Pride been receiving favorable news coverage?

News coverage about PPC stock has been trending somewhat positive recently, InfoTrie reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPilgrim's Pride.

Are investors shorting Pilgrim's Pride?

Pilgrim's Pride saw a decrease in short interest in April. As of April 30th, there was short interest totaling 2,450,000 shares, a decrease of 18.9% from the April 15th total of 3,020,000 shares. Based on an average daily volume of 1,112,100 shares, the short-interest ratio is currently 2.2 days. Currently, 4.7% of the shares of the company are short sold. View Pilgrim's Pride's Current Options Chain.

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

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), Tyson Foods (TSN), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and Hain Celestial Group (HAIN). View all 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), OI (OIBR), Vedanta Resources (VED), General Electric (GE), Micron Technology (MU), Alibaba Group (BABA), Cisco Systems (CSCO) and NVIDIA (NVDA).

Who are Pilgrim's Pride's key executives?

Pilgrim's Pride's management team includes the following 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)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.03%), AQR Capital Management LLC (1.36%), State Street Corp (0.53%), Personal Capital Advisors Corp (0.43%), Invesco Ltd. (0.36%) and Geode Capital Management LLC (0.32%). 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 APG Asset Management N.V., APG Asset Management N.V., AJO LP, JPMorgan Chase & Co., Russell Investments Group Ltd., Alliancebernstein L.P., Centenus Global Management LP, and BlackRock Inc.. Company insiders that have sold Pilgrim's Pride company stock in the last year include Fabio Sandri, and Jayson Penn. View insider buying and selling activity 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 Morgan Stanley, Morgan Stanley, AQR Capital Management LLC, Foundry Partners LLC, Wells Fargo & Company MN, UBS Group AG, Squarepoint Ops LLC, and Invesco Ltd.. View insider buying and selling activity 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 $21.45.

How big of a company is Pilgrim's Pride?

Pilgrim's Pride has a market capitalization of $5.29 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.

What is Pilgrim's Pride's official website?

The official website for Pilgrim's Pride is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff