Pilgrim's Pride Stock Price, News & Analysis (NASDAQ:PPC)

$30.48
-0.55 (-1.77 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$30.13
Now: $30.48
$31.26
50-Day Range
$28.16
MA: $30.07
$31.53
52-Week Range
$14.83
Now: $30.48
$32.71
Volume2.63 million shs
Average Volume1.09 million shs
Market Capitalization$7.60 billion
P/E Ratio23.81
Dividend YieldN/A
Beta0.74
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 Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNASDAQ:PPC
CUSIP72147K10
Phone970-506-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.94 billion
Cash Flow$2.3410 per share
Book Value$8.11 per share

Profitability

Net Income$247.94 million

Miscellaneous

Employees52,100
Market Cap$7.60 billion
Next Earnings Date10/30/2019 (Estimated)
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 announced that its Board of Directors has initiated a stock buyback program 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 reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings data on Wednesday, July, 31st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm earned $2.84 billion during the quarter, compared to analysts' expectations of $2.86 billion. Pilgrim's Pride had a net margin of 2.53% and a return on equity of 15.58%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 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 Wednesday, October 30th 2019. View Earnings Estimates for Pilgrim's Pride.

What price target have analysts set for PPC?

6 analysts have issued 1-year price objectives for Pilgrim's Pride's shares. Their forecasts range from $19.00 to $36.00. On average, they expect Pilgrim's Pride's stock price to reach $31.00 in the next year. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for Pilgrim's Pride.

What is the consensus analysts' recommendation for Pilgrim's Pride?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 1 hold rating and 5 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 increased in the past three months. The company is gaining from a solid prepared foods business. Strong brands are boosting business in this category. It plans to continue making investments to strengthen the unit. Moreover, the company’s focus on key customers is a pathway for refining portfolio and creating competitive advantages over its peers. Apart from this, it resorts to frequent supply chain improvements to enhance efficiency and reduce costs. However, Pilgrim’s Pride’s bottom-line trend has been dismal for a while. In fact, the fourth quarter of 2018 marked the company’s fourth straight bottom-line miss. Lower revenues and dismal margins weighed upon the bottom line. Further, it witnessed lower revenues from U.S. operations during the quarter, thanks to a tough scenario in commodity chicken. Also, revenues from European operations declined, due to high feed costs." (4/16/2019)
  • 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?

Media stories about PPC stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pilgrim's Pride earned a news impact score of -2.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Pilgrim's Pride.

Are investors shorting Pilgrim's Pride?

Pilgrim's Pride saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 3,265,000 shares, an increase of 17.8% from the July 15th total of 2,772,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 6.2% of the company's shares are short sold. 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), Vedanta Resources (VED), OI (OIBR), Pampa Energia (PAM), Micron Technology (MU), VEON (VEON), YPF (YPF), General Electric (GE) and Teva Pharmaceutical Industries (TEVA).

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 retail and institutional investors. Top institutional investors include LSV Asset Management (3.02%), Vanguard Group Inc. (1.99%), AQR Capital Management LLC (1.19%), BlackRock Inc. (1.10%), Prudential Financial Inc. (0.89%) and Man Group plc (0.70%). 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, Price T Rowe Associates Inc. MD, First Trust Advisors LP, Charles Schwab Investment Management Inc., Point72 Asset Management L.P., Parametric Portfolio Associates LLC, Wells Fargo & Company MN and Canada Pension Plan Investment Board. 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 bought by a variety of institutional investors in the last quarter, including Man Group plc, APG Asset Management N.V., Prudential Financial Inc., BlackRock Inc., D. E. Shaw & Co. Inc., AQR Capital Management LLC, Russell Investments Group Ltd. and Nuveen Asset Management LLC. 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 $30.48.

How big of a company is Pilgrim's Pride?

Pilgrim's Pride has a market capitalization of $7.60 billion and generates $10.94 billion in revenue each year. The company earns $247.94 million in net income (profit) each year or $1.28 on an earnings per share basis. Pilgrim's Pride employs 52,100 workers across the globe.View Additional Information About Pilgrim's Pride.

What is Pilgrim's Pride's official website?

The official website for Pilgrim's Pride is http://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]


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

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  273 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  593
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 9/20/2019 by MarketBeat.com Staff

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