Pilgrim's Pride Co. (NASDAQ:PPC - Get Free Report) announced a special dividend on Friday, March 14th, RTT News reports. Investors of record on Thursday, April 3rd will be paid a dividend of 6.30 per share on Thursday, April 24th. This is a 129.1% increase from Pilgrim's Pride's previous special dividend of $2.75.
Pilgrim's Pride Price Performance
PPC traded up $0.07 during trading on Tuesday, reaching $49.67. The stock had a trading volume of 1,616,806 shares, compared to its average volume of 994,748. The stock has a market cap of $11.78 billion, a PE ratio of 10.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 2.01. Pilgrim's Pride has a one year low of $33.25 and a one year high of $57.16. The business has a 50-day moving average of $49.76 and a 200-day moving average of $48.22.
Analyst Ratings Changes
A number of research analysts recently commented on PPC shares. Santander started coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They issued a "neutral" rating on the stock. BMO Capital Markets raised their price objective on Pilgrim's Pride from $47.00 to $48.00 and gave the company a "market perform" rating in a research note on Monday. Finally, StockNews.com cut Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Pilgrim's Pride currently has an average rating of "Hold" and an average target price of $46.33.
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About Pilgrim's Pride
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Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.
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