Should I buy or sell Pilgrim's Pride stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPC shares. View PPC analyst ratings or view top-rated stocks .

What is Pilgrim's Pride's stock price target for 2024?

4 brokerages have issued 12-month price objectives for Pilgrim's Pride's shares. Their PPC share price targets range from $35.00 to $40.00. On average, they anticipate the company's stock price to reach $37.25 in the next year. This suggests a possible upside of 4.8% from the stock's current price. View analysts price targets for PPC or view top-rated stocks among Wall Street analysts .

How have PPC shares performed in 2024?

Pilgrim's Pride's stock was trading at $27.66 at the start of the year. Since then, PPC stock has increased by 28.5% and is now trading at $35.55. View the best growth stocks for 2024 here .

Are investors shorting Pilgrim's Pride?

Pilgrim's Pride saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,780,000 shares, a decrease of 18.0% from the March 15th total of 2,170,000 shares. Based on an average daily volume of 691,900 shares, the short-interest ratio is currently 2.6 days. Approximately 4.4% of the company's stock are short sold. View Pilgrim's Pride's Short Interest .

When is Pilgrim's Pride's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our PPC earnings forecast .

How can I listen to Pilgrim's Pride's earnings call?

Pilgrim's Pride will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4965140".

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

Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. The business earned $4.50 billion during the quarter, compared to analysts' expectations of $4.48 billion. Pilgrim's Pride had a net margin of 1.85% and a trailing twelve-month return on equity of 12.90%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) EPS.

What ETFs hold Pilgrim's Pride's stock?

ETFs with the largest weight of Pilgrim's Pride (NASDAQ:PPC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG) , LeaderShares AlphaFactor Tactical Focused ETF (LSAT) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Invesco S&P MidCap Value with Momentum ETF (XMVM) , LeaderShares AlphaFactor US Core Equity ETF (LSAF) , Invesco S&P MidCap 400 Revenue ETF (RWK) , VanEck Agribusiness ETF (MOO) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) .

What is Fabio Sandri's approval rating as Pilgrim's Pride's CEO?

25 employees have rated Pilgrim's Pride Chief Executive Officer Fabio Sandri on Glassdoor.com . Fabio Sandri has an approval rating of 69% among the company's employees.

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 Petrobras Argentina (PZE) , Pampa Energía (PAM) , Micron Technology (MU) , Transportadora de Gas del Sur (TGS) , Oi S.A. American Depositary Sha (OIBR) , Vedanta Resources (VED) , General Electric (GE) , Intel (INTC) , Cisco Systems (CSCO) and Walt Disney (DIS) .

Who are Pilgrim's Pride's major shareholders?

Pilgrim's Pride's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.10%), Artemis Investment Management LLP (0.09%), Alaska Permanent Fund Corp (0.02%), Wedmont Private Capital (0.01%) and Atlas Capital Advisors LLC (0.00%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni . View institutional ownership trends .

How do I buy shares of Pilgrim's Pride?

Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PPC

Pilgrim's Pride (PPC) Stock Price, News & Analysis

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$35.55

+0.27 (+0.77%)

(As of 04/18/2024 ET)

Compare

Today's Range: $35.25
▼
$35.84
50-Day Range: $27.31
▼
$36.00
52-Week Range: $19.96
▼
$36.15

Volume: 511,646 shs
Average Volume: 685,374 shs
Market Capitalization: $8.42 billion

P/E Ratio: 26.33
Dividend Yield: N/A
Price Target: $37.25

Get Pilgrim's Pride alerts:

Pilgrim's Pride MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 4.8% Upside
$37.25 Price Target
Short Interest: Healthy
4.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.11
Based on 15 Articles This Week
Insider Trading: Selling Shares
$1.33 M Sold Last Quarter
Proj. Earnings Growth: 2.66%
From $3.01 to $3.09 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.34 out of 5 stars

Consumer Staples Sector

95th out of 134 stocks

Poultry Slaughtering & Processing Industry

2nd out of 2 stocks

1.3

Analyst's Opinion

Consensus Rating
Pilgrim's Pride has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Pilgrim's Pride has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.35% of the float of Pilgrim's Pride has been sold short.
Short Interest Ratio / Days to Cover
Pilgrim's Pride has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pilgrim's Pride has recently decreased by 17.97%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Pilgrim's Pride does not currently pay a dividend.
Dividend Growth
Pilgrim's Pride does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PPC.

2.8

News and Social Media Coverage

News Sentiment
Pilgrim's Pride has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Pilgrim's Pride this week, compared to 3 articles on an average week.
Search Interest
Only 6 people have searched for PPC on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Pilgrim's Pride to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pilgrim's Pride insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,332,800.00 in company stock.
Percentage Held by Insiders
82.63% of the stock of Pilgrim's Pride is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.64% of the stock of Pilgrim's Pride is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Pilgrim's Pride are expected to grow by 2.66% in the coming year, from $3.01 to $3.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pilgrim's Pride is 26.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pilgrim's Pride is 26.33, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.61.
Price to Earnings Growth Ratio
Pilgrim's Pride has a PEG Ratio of 0.40. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Pilgrim's Pride has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Pilgrim's Pride Stock (NASDAQ:PPC)

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. It also provides plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim's Mexico, Savoro, To-Ricos, Del Dia, Moy Park, O'Kane, Richmond, Fridge Raiders, and Denny brands. It serves chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, such as grocery store chains, wholesale clubs, and other retail distributors. It operates in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation operates as a subsidiary of JBS S.A.

PPC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PPC Stock News Headlines

April 10, 2024 | marketbeat.com

Can Tyson Win from Repealing Its No-Antibiotic Chicken Pledge? (PPC)

The avian flu (H5n1) is making headlines again as it spreads through livestock, including cattle and hens, and even humans catching the disease.

March 20, 2024 | insidertrades.com

Fabio Sandri Sells 40,000 Shares of Pilgrim's Pride Co. (NASDAQ:PPC) Stock

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 18, 2024 | msn.com

Pilgrim's Pride (PPC) Price Target Increased by 9.95% to 37.57

April 17, 2024 | americanbankingnews.com

Pilgrim's Pride (NASDAQ:PPC) Receives "Equal Weight" Rating from Barclays

April 17, 2024 | americanbankingnews.com

Pilgrim's Pride Co. (NASDAQ:PPC) Given Average Rating of "Moderate Buy" by Brokerages

April 16, 2024 | msn.com

Barclays Downgrades Pilgrim's Pride (PPC)

April 16, 2024 | americanbankingnews.com

Pilgrim's Pride (NASDAQ:PPC) Price Target Increased to $40.00 by Analysts at Bank of America

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 16, 2024 | seekingalpha.com

Pilgrim's Pride: Soft Top-Line Growth Continues To Pressurise Earnings

April 15, 2024 | americanbankingnews.com

Pilgrim's Pride Co. (NASDAQ:PPC) Short Interest Update

April 13, 2024 | markets.businessinsider.com

Pilgrims Pride Corp hosts conference call for investors

April 10, 2024 | finance.yahoo.com

Pilgrim’s Pride Corporation to Host First Quarter Earnings Call on May 2, 2024

April 10, 2024 | globenewswire.com

Pilgrim's Pride Corporation to Host First Quarter Earnings Call on May 2, 2024

April 2, 2024 | finance.yahoo.com

Do Its Financials Have Any Role To Play In Driving Pilgrim's Pride Corporation's (NASDAQ:PPC) Stock Up Recently?

March 28, 2024 | msn.com

Supplementary Review: Pilgrim’s Pride (PPC), March 28, 2024

March 17, 2024 | finance.yahoo.com

Is There An Opportunity With Pilgrim's Pride Corporation's (NASDAQ:PPC) 36% Undervaluation?

March 17, 2024 | finance.yahoo.com

PPC Apr 2024 37.000 call

March 17, 2024 | finance.yahoo.com

PPC Apr 2024 32.000 put

March 16, 2024 | ca.finance.yahoo.com

PPC May 2024 32.000 put

February 28, 2024 | seekingalpha.com

Pilgrim's Pride Corporation (PPC) Q4 2023 Earnings Call Transcript

February 28, 2024 | finance.yahoo.com

Pilgrim’s Pride Corporation (NASDAQ:PPC) Q4 2023 Earnings Call Transcript

February 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Goods Companies: Kroger Company (KR) and Pilgrim’s Pride (PPC)

February 27, 2024 | finance.yahoo.com

Pilgrim's Pride Stock Breaks Out Amid 220% Earnings Surge

February 27, 2024 | finance.yahoo.com

Q4 2023 Pilgrims Pride Corp Earnings Call

February 26, 2024 | barrons.com

Pilgrim's Pride Corp.

February 26, 2024 | msn.com

Supplementary Review: Pilgrim’s Pride (PPC), February 26, 2024

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Poultry slaughtering & processing
Sub-Industry: Packaged Foods & Meats
Current Symbol: NASDAQ:PPC
CUSIP: 72147K10
CIK: 802481
Web: www.pilgrims.com
Phone: (970) 506-8000
Fax: 302-655-5049
Employees: 61,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $37.25
High Stock Price Target: $40.00
Low Stock Price Target: $35.00
Potential Upside/Downside: +4.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.35
Trailing P/E Ratio: 26.33
Forward P/E Ratio: 11.81
P/E Growth: 0.4
Net Income: $321.57 million
Net Margins: 1.85%
Pretax Margin: 2.10%
Return on Equity: 12.90%
Return on Assets: 4.12%

Debt

Debt-to-Equity Ratio: 1.00
Current Ratio: 1.68
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $17.36 billion
Price / Sales: 0.49
Cash Flow: $3.50 per share
Price / Cash Flow: 10.15
Book Value: $14.12 per share
Price / Book: 2.52

Miscellaneous

Outstanding Shares: 236,940,000
Free Float: 41,156,000
Market Cap: $8.42 billion
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Fabio Sandri (Age 52)
President & CEO
Comp: $1.96M
Mr. Matthew R. Galvanoni (Age 51)
VP, CFO & Chief Accounting Officer
Comp: $826.91k
Mr. James J. Miner (Age 94)
Senior Vice President of Technical Services
Mr. Andrew Rojeski
Head of Strategy, Investor Relations & Net-Zero Programs
Ms. Lisa Burdick
Head of Human Resources
Ms. Kendra Waldbusser
Head of Global Food Safety & Quality Assurance
Mr. Charles von der Heyde
President of Pilgrim's De Mexico
Mr. Chris Kirke
President of Moy Park
Mr. Ivan Siqueira
President of Pilgrim's Europe

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PPC Stock Analysis - Frequently Asked Questions

Should I buy or sell Pilgrim's Pride stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPC shares.
View PPC analyst ratings or view top-rated stocks.
What is Pilgrim's Pride's stock price target for 2024?: 4 brokerages have issued 12-month price objectives for Pilgrim's Pride's shares. Their PPC share price targets range from $35.00 to $40.00. On average, they anticipate the company's stock price to reach $37.25 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
View analysts price targets for PPC or view top-rated stocks among Wall Street analysts.
How have PPC shares performed in 2024?: Pilgrim's Pride's stock was trading at $27.66 at the start of the year. Since then, PPC stock has increased by 28.5% and is now trading at $35.55.
View the best growth stocks for 2024 here.
Are investors shorting Pilgrim's Pride?: Pilgrim's Pride saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,780,000 shares, a decrease of 18.0% from the March 15th total of 2,170,000 shares. Based on an average daily volume of 691,900 shares, the short-interest ratio is currently 2.6 days. Approximately 4.4% of the company's stock are short sold.
View Pilgrim's Pride's Short Interest.
When is Pilgrim's Pride's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PPC earnings forecast.
How can I listen to Pilgrim's Pride's earnings call?: Pilgrim's Pride will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4965140".

How were Pilgrim's Pride's earnings last quarter?: Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. The business earned $4.50 billion during the quarter, compared to analysts' expectations of $4.48 billion. Pilgrim's Pride had a net margin of 1.85% and a trailing twelve-month return on equity of 12.90%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) EPS.
What ETFs hold Pilgrim's Pride's stock?: ETFs with the largest weight of Pilgrim's Pride (NASDAQ:PPC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap Value with Momentum ETF (XMVM), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Invesco S&P MidCap 400 Revenue ETF (RWK), VanEck Agribusiness ETF (MOO) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).
What is Fabio Sandri's approval rating as Pilgrim's Pride's CEO?: 25 employees have rated Pilgrim's Pride Chief Executive Officer Fabio Sandri on Glassdoor.com. Fabio Sandri has an approval rating of 69% among the company's employees.
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 Petrobras Argentina (PZE), Pampa Energía (PAM), Micron Technology (MU), Transportadora de Gas del Sur (TGS), Oi S.A. American Depositary Sha (OIBR), Vedanta Resources (VED), General Electric (GE), Intel (INTC), Cisco Systems (CSCO) and Walt Disney (DIS).
Who are Pilgrim's Pride's major shareholders?: Pilgrim's Pride's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.10%), Artemis Investment Management LLP (0.09%), Alaska Permanent Fund Corp (0.02%), Wedmont Private Capital (0.01%) and Atlas Capital Advisors LLC (0.00%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni.
View institutional ownership trends.
How do I buy shares of Pilgrim's Pride?: Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PPC) was last updated on 4/19/2024 by MarketBeat.com Staff

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Pilgrim's Pride (PPC) Stock Price, News & Analysis

Pilgrim's Pride MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Pilgrim's Pride Stock (NASDAQ:PPC)

PPC Stock Price History

PPC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PPC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™