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

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

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.

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.

Pilgrim's Pride is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Pilgrim's Pride.

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.

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.

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.

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.

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.

Some companies that are related to Pilgrim's Pride include Seaboard (SEB), Dean Foods (DF), Annies (BNNY), B&G Foods (BGS), Calavo Growers (CVGW), Cal-Maine Foods (CALM), Campbell Soup (CPB), Conagra Brands (CAG), Farmer Bros (FARM), Flowers Foods (FLO), General Mills (GIS), Hain Celestial Group (HAIN), Hershey (HSY), Hormel Foods (HRL) and J & J Snack Foods (JJSF).

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).

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.

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.

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.

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 $26.22.