Stock of The Day: Pilgrim’s Pride Corporation Has Another Very Strong Trading Session

Stock of The Day: Pilgrim's Pride Corporation Has Another Very Strong Trading Session

The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) is a huge mover today! About 317,547 shares traded hands. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 15.90% since March 3, 2016 and is downtrending. It has underperformed by 24.24% the S&P500.
The move comes after 6 months positive chart setup for the $5.47B company. It was reported on Oct, 6 by Barchart.com. We have $30.99 PT which if reached, will make NASDAQ:PPC worth $2.57 billion more.

Analysts await Pilgrim’s Pride Corporation (NASDAQ:PPC) to report earnings on October, 26. They expect $0.53 earnings per share, 0.00% or $0.00 from last year’s $0.53 per share. PPC’s profit will be $137.53M for 9.94 P/E if the $0.53 EPS becomes a reality. After $0.60 actual earnings per share reported by Pilgrim’s Pride Corporation for the previous quarter, Wall Street now forecasts -11.67% negative EPS growth.

Pilgrim’s Pride Corporation (NASDAQ:PPC) Ratings Coverage

Out of 3 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Pilgrims Pride has been the topic of 5 analyst reports since October 30, 2015 according to StockzIntelligence Inc. BB&T Capital downgraded the shares of PPC in a report on Wednesday, May 25 to “Hold” rating. On Wednesday, December 16 the stock rating was initiated by Jefferies with “Hold”. The rating was upgraded by BB&T Capital to “Buy” on Wednesday, November 4. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) earned “Market Perform” rating by BMO Capital Markets on Monday, June 6. On Friday, October 30 the stock rating was upgraded by BMO Capital Markets to “Outperform”.

According to Zacks Investment Research, “Pilgrim’s Pride is one of the largest chicken companies in the US, Mexico and Puerto Rico. The company’s fresh chicken retail line is sold throughout the US, throughout Puerto Rico, and in the northern and central regions of Mexico. Its prepared chicken products meet the needs of some of the largest customers in the food service industry across the US. Additionally, the Company exports commodity chicken products to over 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The company operates feed mills, hatcheries, processing plants and distribution centers in US, Puerto Rico and Mexico.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.56, from 0.59 in 2016Q1. The ratio increased, as 28 funds sold all Pilgrim’s Pride Corporation shares owned while 70 reduced positions. 41 funds bought stakes while 72 increased positions. They now own 66.15 million shares or 3.48% less from 68.53 million shares in 2016Q1.
Quantbot Technology Lp has 3,524 shares for 0.01% of their US portfolio. The New York-based Midas Mngmt Corp has invested 0.07% in Pilgrim’s Pride Corporation (NASDAQ:PPC). Citigroup reported 16,923 shares or 0% of all its holdings. Springbok Capital Mgmt Lc accumulated 0% or 200 shares. Foundation Mngmt Inc has 20,727 shares for 0.1% of their US portfolio. Acadian Asset Management Ltd Liability Co last reported 0.53% of its portfolio in the stock. Mycio Wealth Ltd Liability Company holds 0% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 120 shares. Fmr Ltd Liability owns 399,491 shares or 0% of their US portfolio. Schwab Charles Investment Management has 0.01% invested in the company for 238,337 shares. Nuveen Asset Management reported 171,200 shares or 0.03% of all its holdings. Blackrock Institutional Na accumulated 2.29 million shares or 0.01% of the stock. Lpl Fincl Limited Liability reported 15,569 shares or 0% of all its holdings. Glenmede Trust Na has invested 0% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC). Ahl Prns Llp last reported 0.52% of its portfolio in the stock. Lsv Asset Mgmt, a Illinois-based fund reported 4.86 million shares.

Another recent and important Pilgrim’s Pride Corporation (NASDAQ:PPC) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Pilgrim’s Pride Corporation, 44.4% Follow-Through …” on July 28, 2016.

PPC Company Profile

Pilgrim’s Pride Corporation (Pilgrim’s), incorporated on September 11, 1986, is a retail food store. The Firm is a producer and seller of chicken products with activities in the United States, Mexico and Puerto Rico. The Firm is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Pilgrim’s offers a range of products to its clients through various distribution channels. Pilgrim’s fresh chicken products include refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company’s prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of, which are either breaded or non-breaded and either marinated or non-marinated.

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