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

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. Since then, PPC stock has decreased by 17.0% and is now trading at $15.27.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Pilgrim's Pride.

Pilgrim's Pride Co. (NASDAQ:PPC) posted its quarterly earnings results on Wednesday, July, 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.13. The company earned $2.82 billion during the quarter, compared to the consensus estimate of $2.93 billion. Pilgrim's Pride had a net margin of 2.24% and a return on equity of 7.89%. The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share.
View Pilgrim's Pride's earnings history.

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

6 Wall Street analysts have issued 12-month price targets for Pilgrim's Pride's shares. Their forecasts range from $19.00 to $32.00. On average, they expect Pilgrim's Pride's stock price to reach $25.00 in the next year. This suggests a possible upside of 63.7% from the stock's current price.
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Media stories about PPC stock have trended positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Pilgrim's Pride.

Pilgrim's Pride saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,460,000 shares, an increase of 11.8% from the July 15th total of 2,200,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 4.9% of the company's shares are short sold.
View Pilgrim's Pride's Current Options Chain.

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), Kellogg (K), Tyson Foods (TSN), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Hain Celestial Group (HAIN) and Seaboard (SEB).
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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).

Pilgrim's Pride trades on the NASDAQ under the ticker symbol "PPC."

Pilgrim's Pride's stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (1.91%), Pinnacle Wealth Planning Services Inc. (0.27%), First Trust Advisors LP (0.20%), Foundry Partners LLC (0.15%), Mackay Shields LLC (0.09%) and Principal Financial Group Inc. (0.06%). 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.

PPC stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Mackay Shields LLC, NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Principal Financial Group Inc., Russell Investments Group Ltd., Vident Investment Advisory LLC, and Vident Investment Advisory LLC.
View insider buying and selling activity for Pilgrim's Pride.

PPC stock was acquired by a variety of institutional investors in the last quarter, including Pinnacle Wealth Planning Services Inc., First Trust Advisors LP, LSV Asset Management, Strs Ohio, Denali Advisors LLC, New England Research & Management Inc., SG Americas Securities LLC, and Foundry Partners LLC.
View insider buying and selling activity for 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.

One share of PPC stock can currently be purchased for approximately $15.27.

Pilgrim's Pride has a market capitalization of $3.73 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.

The official website for Pilgrim's Pride is www.pilgrims.com.

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]