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 reached pandemic status according to the World Health Organization (WHO). Since then, PPC shares have increased by 13.5% and is now trading at $20.88. View which stocks have been most impacted by Coronavirus.

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.

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.

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

Pilgrim's Pride announced that its board has initiated a stock 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 purchase up to 4.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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 stock price to reach $30.71 in the next year. This suggests a possible upside of 47.1% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

Headlines about PPC stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press 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 near future. View the latest news aboutPilgrim's Pride.

Pilgrim's Pride saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,450,000 shares, a decline 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 presently 2.2 days. Approximately 4.7% of the company's stock are sold short. 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), 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.

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 a number 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.

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.

PPC stock was acquired 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.

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 $20.88.

Pilgrim's Pride has a market capitalization of $5.15 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]