Pilgrim's Pride Corporation (PPC) Can’t Burn Your Long Portfolio. Has Another Strong Session

March 14, 2018 - By Migdalia James

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.45, from 0.92 in 2017Q2. It improved, as 19 investors sold Pilgrim's Pride Corporation shares while 68 reduced holdings. 52 funds opened positions while 67 raised stakes. 59.66 million shares or 0.04% more from 59.63 million shares in 2017Q2 were reported.
Schwab Charles Invest Management reported 383,553 shares. Point72 Asset Lp holds 22,400 shares or 0% of its portfolio. Qs Investors Limited Liability Corp has invested 0% in Pilgrim's Pride Corporation (NASDAQ:PPC). Hillsdale Mngmt invested 0.07% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Parametric Associate Lc holds 307,556 shares or 0.01% of its portfolio. Foundation, Arkansas-based fund reported 20,727 shares. Benjamin F Edwards Co owns 0% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 650 shares. Hutchin Hill Capital L P holds 0.01% or 11,900 shares. Voloridge Invest Ltd Liability holds 0.13% or 209,595 shares. Clearbridge Invests Ltd Liability Corporation reported 1,312 shares. Motco invested in 0% or 113 shares. Grp Inc One Trading Lp, a Illinois-based fund reported 19,552 shares. Lord Abbett & Limited Liability Company reported 0.01% in Pilgrim's Pride Corporation (NASDAQ:PPC). Prudential Financial Inc accumulated 0.04% or 759,645 shares. Prelude Cap Mngmt Ltd Liability Company invested 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC).

Since February 27, 2018, it had 0 insider purchases, and 1 insider sale for $2.54 million activity.

The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) is a huge mover today! The stock increased 5.14% or $1.26 during the last trading session, reaching $25.77. About 1.39 million shares traded or 7.99% up from the average. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 5.02% since March 14, 2017 and is downtrending. It has underperformed by 21.72% the S&P500.
The move comes after 7 months positive chart setup for the $6.41 billion company. It was reported on Mar, 14 by Barchart.com. We have $27.57 PT which if reached, will make NASDAQ:PPC worth $448.70M more.

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on May, 2. They expect $0.55 EPS, up 44.74 % or $0.17 from last year’s $0.38 per share. PPC’s profit will be $136.81M for 11.71 P/E if the $0.55 EPS becomes a reality. After $0.58 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -5.17 % negative EPS growth.

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

Among 6 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Pilgrims Pride had 21 analyst reports since October 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Market Perform” rating and $38 target in Thursday, November 9 report. The company was maintained on Friday, November 10 by Morgan Stanley. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Wednesday, May 25 by BB&T Capital. The company was maintained on Tuesday, January 2 by Jefferies. The stock has “Hold” rating by Jefferies on Tuesday, October 3. On Friday, June 9 the stock rating was maintained by Jefferies with “Hold”. BMO Capital Markets upgraded Pilgrim's Pride Corporation (NASDAQ:PPC) on Friday, October 30 to “Outperform” rating. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, March 27. The firm earned “Hold” rating on Monday, June 26 by BMO Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 27.

More important recent Pilgrim's Pride Corporation (NASDAQ:PPC) news were published by: Globenewswire.com which released: “Pilgrim’s Pride Closes $500.0 million Senior Unsecured Notes Offering” on March 07, 2018, also Globenewswire.com published article titled: “Pilgrim’s Pride Announces Offering of Senior Unsecured Notes”, Zacks.com published: “How Pilgrim’s Pride (PPC) Stock Stands Out in a Strong Industry March 12, 2018” on March 12, 2018. More interesting news about Pilgrim's Pride Corporation (NASDAQ:PPC) was released by: Globenewswire.com and their article: “Pilgrim’s Pride to Host Annual Meeting of Shareholders on May 10, 2018” with publication date: March 12, 2018.

PilgrimÂ’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. The company has market cap of $6.41 billion. It offers fresh chicken products comprising pre-marinated or non-marinated refrigerated whole chickens, prepackaged case-ready chicken, whole cut-up chickens, and selected chicken parts. It has a 9.24 P/E ratio. The firm also provides prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts.

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