The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) is a huge mover today! About 331,013 shares traded hands. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 23.81% since April 26, 2016 and is downtrending. It has underperformed by 29.07% the S&P500.
The move comes after 6 months positive chart setup for the $4.50B company. It was reported on Nov, 29 by Barchart.com. We have $18.65 PT which if reached, will make NASDAQ:PPC worth $135.00 million more.
Analysts await Pilgrim’s Pride Corporation (NASDAQ:PPC) to report earnings on February, 8. They expect $0.39 EPS, up 50.00% or $0.13 from last year’s $0.26 per share. PPC’s profit will be $96.91 million for 11.61 P/E if the $0.39 EPS becomes a reality. After $0.39 actual EPS reported by Pilgrim’s Pride Corporation for the previous quarter, Wall Street now forecasts 0.00% 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 6 analyst reports since October 30, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, October 30 by BMO Capital Markets. The rating was downgraded by BMO Capital Markets to “Market Perform” on Monday, June 6. The rating was initiated by Jefferies on Wednesday, December 16 with “Hold”. BB&T Capital upgraded the shares of PPC in a report on Wednesday, November 4 to “Buy” rating. On Wednesday, October 12 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating by BB&T Capital given on Wednesday, May 25.
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 decreased to 0.81 in Q2 2016. Its down 0.34, from 1.15 in 2016Q1. The ratio is negative, 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.
Us Financial Bank De holds 0.01% or 61,093 shares in its portfolio. Dimensional Fund Advsr L P, a Texas-based fund reported 727,714 shares. Moreover, Pacad Invest Limited has 0.17% invested in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 48,831 shares. Balasa Dinverno And Foltz Lc has 0.06% invested in the company for 13,602 shares. Commonwealth Fincl Bank Of holds 180,304 shares or 0.05% of its portfolio. Blackrock Inc holds 0.03% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 858,837 shares. The United Kingdom-based Dynamic Capital has invested 0.28% in Pilgrim’s Pride Corporation (NASDAQ:PPC). First Quadrant Ltd Partnership Ca accumulated 75,905 shares or 0.04% of the stock. Moreover, Pinebridge Invests Limited Partnership has 0.1% invested in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 75,741 shares. American Grp Incorporated reported 1,906 shares or 0% of all its holdings. Gargoyle Advisor Limited Liability Company holds 0.57% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 60,256 shares. Rhumbline Advisers owns 49,410 shares or 0% of their US portfolio. The Connecticut-based Euclid Advsr Ltd Liability Co has invested 0.38% in Pilgrim’s Pride Corporation (NASDAQ:PPC). Panagora Asset Management accumulated 0.09% or 739,273 shares. First Midwest Fincl Bank Tru Division last reported 57,750 shares in the company.
More notable recent Pilgrim’s Pride Corporation (NASDAQ:PPC) news were published by: Streetinsider.com which released: “Pilgrim’s Pride (PPC) to Acquire GNP Company for $350M” on November 29, 2016, also Marketwatch.com with their article: “Pilgrim’s Pride buys chicken products producer GNP for $350 million” published on November 29, 2016, Prnewswire.com published: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Pilgrim’s Pride …” on October 31, 2016. More interesting news about Pilgrim’s Pride Corporation (NASDAQ:PPC) were released by: Seekingalpha.com and their article: “Pilgrim’s Pride, After The Fall” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “PPC LOSS ALERT: Rosen Law Firm Reminds Pilgrim’s Pride Corporation Investors …” with publication date: November 23, 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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