Pilgrim's Pride Co. (NASDAQ:PPC) Receives $45.50 Average Price Target from Analysts

Pilgrim's Pride Co. (NASDAQ:PPC - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $45.50.

A number of equities analysts have issued reports on PPC shares. Argus raised their target price on Pilgrim's Pride from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Stephens initiated coverage on shares of Pilgrim's Pride in a research report on Thursday, October 3rd. They issued an "equal weight" rating and a $43.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a report on Friday. Barclays increased their target price on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Bank of America lowered shares of Pilgrim's Pride from a "buy" rating to a "neutral" rating and set a $47.00 price target for the company. in a report on Thursday, August 15th.

Insider Activity at Pilgrim's Pride

In other news, CEO Fabio Sandri sold 65,000 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $44.50, for a total value of $2,892,500.00. Following the sale, the chief executive officer now directly owns 279,565 shares in the company, valued at $12,440,642.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Fabio Sandri sold 65,000 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total value of $2,892,500.00. Following the sale, the chief executive officer now owns 279,565 shares of the company's stock, valued at $12,440,642.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew R. Galvanoni sold 6,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $43.31, for a total transaction of $281,515.00. Following the transaction, the chief financial officer now owns 51,750 shares of the company's stock, valued at $2,241,292.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 82.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pilgrim's Pride

Several large investors have recently made changes to their positions in the stock. Norden Group LLC acquired a new position in shares of Pilgrim's Pride during the 1st quarter worth about $308,000. Capstone Investment Advisors LLC increased its position in Pilgrim's Pride by 14.1% during the first quarter. Capstone Investment Advisors LLC now owns 30,882 shares of the company's stock worth $1,060,000 after buying an additional 3,811 shares during the last quarter. GSA Capital Partners LLP raised its stake in Pilgrim's Pride by 44.2% in the first quarter. GSA Capital Partners LLP now owns 14,117 shares of the company's stock valued at $484,000 after buying an additional 4,329 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Pilgrim's Pride by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 35,230 shares of the company's stock valued at $1,209,000 after buying an additional 456 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Pilgrim's Pride in the first quarter valued at approximately $303,000. Institutional investors and hedge funds own 16.64% of the company's stock.

Pilgrim's Pride Trading Up 3.6 %

Shares of NASDAQ:PPC traded up $1.73 during trading on Friday, hitting $50.17. 1,827,521 shares of the company's stock were exchanged, compared to its average volume of 1,056,739. The firm has a 50-day moving average price of $44.98 and a two-hundred day moving average price of $40.69. Pilgrim's Pride has a 1-year low of $25.23 and a 1-year high of $51.21. The firm has a market cap of $11.90 billion, a P/E ratio of 12.12, a PEG ratio of 0.22 and a beta of 0.81. The company has a current ratio of 1.95, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.27 by $0.36. Pilgrim's Pride had a net margin of 5.46% and a return on equity of 29.92%. The company had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.69 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Pilgrim's Pride will post 5.21 earnings per share for the current year.

Pilgrim's Pride Company Profile

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.