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

Pilgrim's Pride's stock was trading at $18.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PPC shares have decreased by 9.9% and is now trading at $16.57. 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 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Pilgrim's Pride Co. (NASDAQ:PPC) released its quarterly earnings results on Wednesday, April, 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The company earned $3.07 billion during the quarter, compared to analysts' expectations of $2.98 billion. Pilgrim's Pride had a return on equity of 15.14% and a net margin of 3.73%. Pilgrim's Pride's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. View Pilgrim's Pride's earnings history.

Pilgrim's Pride announced that its board has initiated a stock buyback program 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 programs are usually an indication that the company's leadership believes its shares are undervalued.

7 brokers have issued 12-month price objectives for Pilgrim's Pride's stock. Their forecasts range from $19.00 to $34.00. On average, they anticipate Pilgrim's Pride's share price to reach $26.29 in the next year. This suggests a possible upside of 58.6% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

Headlines about PPC stock have been trending positive on Thursday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news 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 2.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news about Pilgrim's Pride.

Pilgrim's Pride saw a decline in short interest in June. As of June 30th, there was short interest totaling 2,670,000 shares, a decline of 8.9% from the June 15th total of 2,930,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 5.3% of the shares of the 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), Kellogg (K), Tyson Foods (TSN), 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 many different institutional and retail investors. Top institutional investors include New England Research & Management Inc. (0.01%) and Exchange Traded Concepts LLC (0.01%). 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 acquired by a variety of institutional investors in the last quarter, including New England Research & Management Inc., and Exchange Traded Concepts 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 $16.57.

Pilgrim's Pride has a market capitalization of $4.09 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]