The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) is a huge mover today! About 597,374 shares traded hands. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 14.47% since March 4, 2016 and is downtrending. It has underperformed by 22.50% the S&P500.
The move comes after 7 months negative chart setup for the $5.18 billion company. It was reported on Oct, 7 by Barchart.com. We have $18.70 PT which if reached, will make NASDAQ:PPC worth $362.60 million less.
Analysts await Pilgrim’s Pride Corporation (NASDAQ:PPC) to report earnings on October, 26. They expect $0.53 EPS, 0.00% or $0.00 from last year’s $0.53 per share. PPC’s profit will be $136.52 million for 9.49 P/E if the $0.53 EPS becomes a reality. After $0.60 actual EPS 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. The company was initiated on Wednesday, December 16 by Jefferies. The stock has “Buy” rating given by BB&T Capital on Wednesday, November 4. The company was downgraded on Wednesday, May 25 by BB&T Capital. BMO Capital Markets downgraded Pilgrim’s Pride Corporation (NASDAQ:PPC) on Monday, June 6 to “Market Perform” rating. The rating was upgraded by BMO Capital Markets to “Outperform” on Friday, October 30.
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 Q2 2016. Its up 0.56, from 0.59 in 2016Q1. The ratio improved, 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.
Usa Fincl Portformulas Corp holds 0.13% or 18,787 shares in its portfolio. Dynamic Cap Limited accumulated 92,170 shares or 0.28% of the stock. Lsv Asset last reported 4.86M shares in the company. Trexquant Ltd Partnership accumulated 9,400 shares or 0.03% of the stock. First Tru Advisors L P last reported 0.33% of its portfolio in the stock. First Midwest National Bank Division, a Illinois-based fund reported 57,750 shares. The Pennsylvania-based Brandywine Glob Inv Mgmt Limited Co has invested 0.04% in Pilgrim’s Pride Corporation (NASDAQ:PPC). Ci Glob Invs Incorporated holds 650 shares or 0% of its portfolio. Balasa Dinverno Foltz Ltd Liability has invested 0.06% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC). Alpine Prtn Vi Limited Liability Corporation accumulated 8,809 shares or 0.1% of the stock. D E Shaw & Inc holds 0.07% or 1.57 million shares in its portfolio. Pinebridge Investments L P accumulated 0.1% or 75,741 shares. Quantbot Limited Partnership reported 3,524 shares or 0.01% of all its holdings. Hays Advisory Limited Liability Company accumulated 1.03% or 260,654 shares. Cibc Asset Mngmt has 8,079 shares for 0% of their US portfolio.
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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