Pilgrim's Pride Co. (NASDAQ:PPC - Get Free Report)'s share price was down 3.2% during trading on Wednesday . The company traded as low as $55.00 and last traded at $54.48. Approximately 74,688 shares changed hands during trading, a decline of 93% from the average daily volume of 1,077,155 shares. The stock had previously closed at $56.26.
Analyst Ratings Changes
PPC has been the subject of a number of research analyst reports. StockNews.com cut shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Santander began coverage on Pilgrim's Pride in a report on Wednesday, March 5th. They set a "neutral" rating on the stock. Finally, BMO Capital Markets upped their target price on Pilgrim's Pride from $47.00 to $48.00 and gave the stock a "market perform" rating in a report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pilgrim's Pride has a consensus rating of "Hold" and an average price target of $46.33.
Read Our Latest Stock Report on Pilgrim's Pride
Pilgrim's Pride Trading Down 0.9 %
The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The firm's 50-day simple moving average is $51.58 and its 200-day simple moving average is $49.04. The firm has a market capitalization of $11.74 billion, a PE ratio of 10.83 and a beta of 0.63.
Pilgrim's Pride Increases Dividend
The business also recently disclosed a special dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a dividend of $6.30 per share. This is an increase from Pilgrim's Pride's previous special dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 3rd.
Institutional Trading of Pilgrim's Pride
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Accredited Wealth Management LLC purchased a new stake in shares of Pilgrim's Pride during the fourth quarter valued at $41,000. Quarry LP grew its position in shares of Pilgrim's Pride by 295.8% during the third quarter. Quarry LP now owns 946 shares of the company's stock worth $44,000 after purchasing an additional 707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Pilgrim's Pride in the fourth quarter worth $55,000. R Squared Ltd purchased a new position in shares of Pilgrim's Pride during the fourth quarter valued at about $59,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Pilgrim's Pride by 132.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,344 shares of the company's stock valued at $61,000 after buying an additional 765 shares in the last quarter. 16.64% of the stock is owned by hedge funds and other institutional investors.
Pilgrim's Pride Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Pilgrim's Pride, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pilgrim's Pride wasn't on the list.
While Pilgrim's Pride currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
