December 1, 2016 - By Peter Erickson · 0 Comments
Pilgrims Pride Corp (NASDAQ:PPC) institutional sentiment decreased to 0.81 in Q2 2016. Its down -0.34, from 1.15 in 2016Q1. The ratio has dropped, as 113 investment professionals increased and started new stock positions, while 98 reduced and sold stock positions in Pilgrims Pride Corp. The investment professionals in our partner’s database now possess: 66.15 million shares, down from 68.53 million shares in 2016Q1. Also, the number of investment professionals holding Pilgrims Pride Corp in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 28 Reduced: 70 Increased: 72 New Position: 41.
Pilgrim’s Pride Corporation is a retail food store. The company has a market cap of $4.50 billion. The Firm is a producer and seller of chicken products with activities in the United States, Mexico and Puerto Rico. It has a 10.37 P/E ratio. The Firm is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.
The stock decreased 3.77% or $0.69 during the last trading session, hitting $17.61. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 33.30% since April 28, 2016 and is downtrending. It has underperformed by 39.22% the S&P500.
Analysts await Pilgrim’s Pride Corporation (NASDAQ:PPC) to report earnings on February, 8. They expect $0.39 earnings per share, up 50.00% or $0.13 from last year’s $0.26 per share. PPC’s profit will be $99.66M for 11.29 P/E if the $0.39 EPS becomes a reality. After $0.39 actual earnings per share reported by Pilgrim’s Pride Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Pilgrim’s Pride is one of the largest chicken companies in the US, Mexico and Puerto Rico. The company’s fresh chicken retail line is sold throughout the US, throughout Puerto Rico, and in the northern and central regions of Mexico. Its prepared chicken products meet the needs of some of the largest customers in the food service industry across the US. Additionally, the Company exports commodity chicken products to over 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The company operates feed mills, hatcheries, processing plants and distribution centers in US, Puerto Rico and Mexico.”
Denali Advisors Llc holds 2.5% of its portfolio in Pilgrim’s Pride Corporation for 569,400 shares. Hays Advisory Llc owns 260,654 shares or 1.03% of their US portfolio. Moreover, Zweig Advisers Llc has 0.97% invested in the company for 244,000 shares. The New York-based New Amsterdam Partners Llc Ny has invested 0.79% in the stock. U S Global Investors Inc, a Texas-based fund reported 46,400 shares.#img1#
Ratings analysis reveals 0 of Pilgrims Pride’s analysts are positive. Out of 3 Wall Street analysts rating Pilgrims Pride, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $21 while the high is $24. The stock’s average target of $22.67 is 28.73% above today’s ($17.61) share price. PPC was included in 6 notes of analysts from October 30, 2015. Jefferies maintained Pilgrim’s Pride Corporation (NASDAQ:PPC) rating on Wednesday, October 12. Jefferies has “Hold” rating and $21 price target. The firm has “Hold” rating by Jefferies given on Wednesday, December 16. On Friday, October 30 the stock rating was upgraded by BMO Capital Markets to “Outperform”. BB&T Capital upgraded Pilgrim’s Pride Corporation (NASDAQ:PPC) on Wednesday, November 4 to “Buy” rating. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Wednesday, May 25 by BB&T Capital. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) has “Market Perform” rating given on Monday, June 6 by BMO Capital Markets.
Pilgrim’s Pride Corporation (Pilgrim’s), incorporated on September 11, 1986, is a retail food store. The Firm is a producer and seller of chicken products with activities in the United States, Mexico and Puerto Rico. The Firm is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Pilgrim’s offers a range of products to its clients through various distribution channels. Pilgrim’s fresh chicken products include refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company’s prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of, which are either breaded or non-breaded and either marinated or non-marinated.
More notable recent Pilgrim’s Pride Corporation (NASDAQ:PPC) news were published by: Startribune.com which released: “Chicken deal: Pilgrim’s Pride buys St. Cloud-based Gold’n Plump for $350 million” on November 29, 2016, also Marketwatch.com with their article: “Pilgrim’s Pride buys chicken products producer GNP for $350 million” published on November 29, 2016, Prnewswire.com published: “PPC LOSS ALERT: Rosen Law Firm Reminds Pilgrim’s Pride Corporation Investors …” on November 23, 2016. More interesting news about Pilgrim’s Pride Corporation (NASDAQ:PPC) were released by: Seekingalpha.com and their article: “Pilgrim’s Pride, After The Fall” published on November 22, 2016 as well as Seekingalpha.com‘s news article titled: “Pilgrim’s Pride sees major benefits from GNP add-on” with publication date: November 29, 2016.
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By Peter Erickson