12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Pilgrim’s Pride Co. (NASDAQ:PPC) Given Average Recommendation of “Buy” by Brokerages – MarketBeat

Written by Amanda

Pilgrim’s Pride Co. (NASDAQ:PPC) Given Average Recommendation of “Buy” by Brokerages  MarketBeat

Pilgrim’s Pride Co. (NASDAQ:PPCGet 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.

(Ad)

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

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:PPCGet 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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Pilgrim’s Pride right now?

Before you consider Pilgrim’s Pride, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pilgrim’s Pride wasn’t on the list.

While Pilgrim’s Pride currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment