Pilgrim’s Pride Corp. (NASDAQ: PPC) is 61.17% higher on its value in year-to-date trading and has touched a low of $23.15 and a high of $49.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PPC stock was last observed hovering at around $44.77 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $44.58, the stock is 1.05% and 0.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -0.42% at the moment leaves the stock 22.15% off its SMA200. PPC registered 85.52% gain for a year compared to 6-month gain of 26.86%. The firm has a 50-day simple moving average (SMA 50) of $44.1692 and a 200-day simple moving average (SMA200) of $36.49545.
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The stock witnessed a 8.02% loss in the last 1 month and extending the period to 3 months gives it a 16.43%, and is -0.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.15% over the week and 3.85% over the month.
Pilgrim’s Pride Corp. (PPC) has around 61200 employees, a market worth around $10.57B and $17.80B in sales. Current P/E ratio is 14.00 and Fwd P/E is 11.27. Profit margin for the company is 4.25%. Distance from 52-week low is 92.57% and -9.15% from its 52-week high. The company has generated returns on investments over the last 12 months (10.62%).
with sales reaching $4.53B over the same period.The EPS is expected to grow by 173.64% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
Pilgrim’s Pride Corp. (PPC) Top Institutional Holders
411.0 institutions hold shares in Pilgrim’s Pride Corp. (PPC), with institutional investors hold 94.70% of the company’s shares. The shares outstanding are 236.79M, and float is at 41.27M with Short Float at 17.33%. Institutions hold 16.51% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.5 million shares valued at $173.17 million. The investor’s holdings represent 1.8996% of the PPC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.22 million shares valued at $162.54 million to account for 1.7829 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.13 million shares representing 1.3235% and valued at over $120.65 million, while THRIVENT FINANCIAL FOR LUTHERANS holds 0.7651 of the shares totaling 1.81 million with a market value of $69.75 million.
Pilgrim’s Pride Corp. (PPC) Insider Activity
The most recent transaction is an insider sale by Sandri Fabio, the company’s President and CEO. SEC filings show that Sandri Fabio sold 65,000 shares of the company’s common stock on Aug 06 ’24 at a price of $44.50 per share for a total of $2.89 million. Following the sale, the insider now owns 0.28 million shares.
Pilgrim’s Pride Corp. disclosed in a document filed with the SEC on Aug 06 ’24 that Galvanoni Matthew R (Chief Financial Officer) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $43.31 per share for $0.28 million. Following the transaction, the insider now directly holds 51750.0 shares of the PPC stock.
Still, SEC filings show that on Aug 06 ’24, Galvanoni Matthew R (Officer) Proposed Sale 6,500 shares at an average price of $43.31 for $0.28 million. The insider now directly holds shares of Pilgrim’s Pride Corp. (PPC).
