Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating) has earned a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.00.
Several research firms have issued reports on PPC. TheStreet upgraded Pilgrim’s Pride from a “c” rating to a “b-” rating in a research report on Wednesday, April 27th. Barclays assumed coverage on shares of Pilgrim’s Pride in a research note on Monday, March 14th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, StockNews.com raised Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 3rd.
In other news, CEO Fabio Sandri sold 77,741 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $34.42, for a total transaction of $2,675,845.22. Following the transaction, the chief executive officer now owns 293,816 shares of the company’s stock, valued at approximately $10,113,146.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 80.54% of the company’s stock.
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Institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in shares of Pilgrim’s Pride by 1.8% during the first quarter. Comerica Bank now owns 22,745 shares of the company’s stock worth $633,000 after acquiring an additional 412 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Pilgrim’s Pride by 30.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,054 shares of the company’s stock valued at $52,000 after purchasing an additional 475 shares during the period. Yousif Capital Management LLC boosted its position in Pilgrim’s Pride by 1.9% during the first quarter. Yousif Capital Management LLC now owns 26,168 shares of the company’s stock worth $657,000 after purchasing an additional 480 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Pilgrim’s Pride by 5.4% during the 1st quarter. Teacher Retirement System of Texas now owns 10,042 shares of the company’s stock valued at $252,000 after buying an additional 517 shares in the last quarter. Finally, Camden Capital LLC boosted its holdings in Pilgrim’s Pride by 5.1% in the 4th quarter. Camden Capital LLC now owns 10,742 shares of the company’s stock worth $303,000 after buying an additional 520 shares during the last quarter. Institutional investors own 17.97% of the company’s stock.
Shares of PPC stock opened at $30.01 on Friday. Pilgrim’s Pride has a twelve month low of $20.23 and a twelve month high of $34.66. The stock’s fifty day simple moving average is $30.66 and its 200 day simple moving average is $27.82. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $7.21 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.55 and a beta of 0.93.
Pilgrim’s Pride (NASDAQ:PPC – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.53. The company had revenue of $4.24 billion during the quarter. Pilgrim’s Pride had a net margin of 1.34% and a return on equity of 28.00%. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, equities research analysts expect that Pilgrim’s Pride will post 3.72 EPS for the current fiscal year.
About Pilgrim’s Pride (Get Rating)
Pilgrim’s Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally.
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