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

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$21.69 +0.24 (+1.12 %)
(As of 03/26/2019 06:48 AM ET)
Previous Close$21.45
Today's Range$21.22 - $21.77
52-Week Range$14.83 - $25.77
Volume508,892 shs
Average Volume946,490 shs
Market Capitalization$5.40 billion
P/E Ratio16.95
Dividend YieldN/A
Beta0.79
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.

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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$2.4235 per share
Book Value$8.11 per share

Profitability

Net Income$247.94 million

Miscellaneous

Employees52,100
Market Cap$5.40 billion
Next Earnings Date5/9/2019 (Estimated)
OptionableOptionable

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 repurchase program on Wednesday, October 31st 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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

Pilgrim's Pride Co. (NASDAQ:PPC) issued its quarterly earnings results on Wednesday, February, 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.09. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.60 billion. Pilgrim's Pride had a net margin of 2.27% and a return on equity of 16.52%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. 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 Thursday, May 9th 2019. View Earnings Estimates for Pilgrim's Pride.

What price target have analysts set for PPC?

5 equities research analysts have issued 1 year price targets for Pilgrim's Pride's shares. Their forecasts range from $19.00 to $27.00. On average, they anticipate Pilgrim's Pride's stock price to reach $22.55 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price. View Analyst Price Targets for Pilgrim's Pride.

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

5 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 3 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. 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)
  • 2. According to Zacks Investment Research, "Pilgrim’s Pride’s shares have declined in the past six months, thanks to a dismal bottom-line trend. In fact, the third quarter of 2018 marked the company’s third straight bottom-line miss. Lower revenues, higher interest expenses and dismal margins weighed upon the bottom line in the said period. Further, the company witnessed lower revenues from U.S. operations during the quarter, owing to a tough pricing scenario in commodity chicken. Further, adverse market conditions weighed on revenues from Mexican operations. Apart from these, the company continues to witness high cost of sales. Nevertheless, Pilgrim's Pride’s European business has been expanding steadily, on the back of a strong business model, robust customer relationships and better synergy capture. Further, the company’s focus on key customers has been aiding portfolio refinement and creation of competitive advantages." (1/7/2019)

Has Pilgrim's Pride been receiving favorable news coverage?

Media stories about PPC stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing 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 closest to five being the most favorable. Pilgrim's Pride earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

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 Micron Technology (MU), General Electric (GE), Applied Materials (AMAT), Alibaba Group (BABA), Starbucks (SBUX), AT&T (T), Citigroup (C), Transportadora de Gas del Sur (TGS), Petrobras Argentina (PZE) and NVIDIA (NVDA).

Who are Pilgrim's Pride's key executives?

Pilgrim's Pride's management team includes the folowing people:
  • Mr. William W. Lovette, Pres, CEO & Director (Age 59)
  • Mr. Fabio Sandri, Principal Accounting Officer (Age 47)
  • Flavio Malnarcic, Chief Financial Officer
  • James J. Miner Ph.D., Sr. VP of Technical Services (Age 89)
  • Mr. Dunham Winoto, Director of Investor Relations

Who are Pilgrim's Pride's major shareholders?

Pilgrim's Pride's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.25%), BlackRock Inc. (1.01%), Millennium Management LLC (0.69%), Dimensional Fund Advisors LP (0.56%), Dimensional Fund Advisors LP (0.56%) and Canada Pension Plan Investment Board (0.53%). Company insiders that own Pilgrim's Pride stock include 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 Two Sigma Investments LP, FMR LLC, Squarepoint Ops LLC, Mackay Shields LLC, Denali Advisors LLC, Two Sigma Advisers LP, New York State Common Retirement Fund and BlackRock Inc.. View Insider Buying and Selling 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 Norges Bank, Millennium Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, QS Investors LLC, Bank of Nova Scotia, Bank of New York Mellon Corp and Segall Bryant & Hamill 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, Scottrade, Fidelity and Charles Schwab.

What is Pilgrim's Pride's stock price today?

One share of PPC stock can currently be purchased for approximately $21.69.

How big of a company is Pilgrim's Pride?

Pilgrim's Pride has a market capitalization of $5.40 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.

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:  2.2 out of 5 (star star)
Outperform Votes:  234 (Vote Outperform)
Underperform Votes:  293 (Vote Underperform)
Total Votes:  527
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 3/26/2019 by MarketBeat.com Staff

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