Could Pilgrim's Pride Corporation (PPC) Change Direction After Today’s Big Increase?

March 14, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.45, from 0.92 in 2017Q2. It is positive, as 19 investors sold Pilgrim's Pride Corporation shares while 68 reduced holdings. 52 funds opened positions while 67 raised stakes. 59.66 million shares or 0.04% more from 59.63 million shares in 2017Q2 were reported.
Lazard Asset Management Limited Liability, New York-based fund reported 306,243 shares. Riverhead Llc invested in 0.13% or 99,220 shares. Old Comml Bank In holds 0.03% or 17,632 shares in its portfolio. Ahl Ltd Liability Partnership reported 0.02% stake. Stevens L P invested in 16,921 shares or 0.02% of the stock. Stifel Fincl accumulated 19,109 shares. Bancorporation Of America De owns 161,674 shares. Fny Managed Accounts has 928 shares for 0.03% of their portfolio. 9,115 are held by Advsr Asset Management. Wellington Mngmt Gru Llp has 375,985 shares. Aqr Cap Management Llc owns 2.91M shares. Moreover, Campbell & Invest Adviser has 0.22% invested in Pilgrim's Pride Corporation (NASDAQ:PPC). Shell Asset Mgmt holds 0.02% or 35,582 shares. Quantitative Invest Limited Company invested in 313,100 shares or 0.1% of the stock. Amp Limited has 0.01% invested in Pilgrim's Pride Corporation (NASDAQ:PPC).

Since February 27, 2018, it had 0 insider purchases, and 1 sale for $2.54 million activity.

The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) is a huge mover today! The stock increased 5.14% or $1.26 during the last trading session, reaching $25.77. About 1.39M shares traded or 7.99% up from the average. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 5.02% since March 14, 2017 and is downtrending. It has underperformed by 21.72% the S&P500.
The move comes after 7 months positive chart setup for the $6.41 billion company. It was reported on Mar, 14 by We have $27.57 PT which if reached, will make NASDAQ:PPC worth $448.70M more.

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on May, 2. They expect $0.55 EPS, up 44.74 % or $0.17 from last year’s $0.38 per share. PPC’s profit will be $136.81 million for 11.71 P/E if the $0.55 EPS becomes a reality. After $0.58 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -5.17 % negative EPS growth.

Pilgrim's Pride Corporation (NASDAQ:PPC) Ratings Coverage

Among 6 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Pilgrims Pride had 21 analyst reports since October 30, 2015 according to SRatingsIntel. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) earned “Hold” rating by Jefferies on Wednesday, November 15. Jefferies maintained the stock with “Hold” rating in Tuesday, October 3 report. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, November 9 report. The firm earned “Hold” rating on Wednesday, October 12 by Jefferies. On Wednesday, May 25 the stock rating was downgraded by BB&T Capital to “Hold”. As per Tuesday, February 27, the company rating was maintained by Morgan Stanley. BB&T Capital upgraded the stock to “Buy” rating in Wednesday, November 4 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, December 2. As per Monday, March 27, the company rating was downgraded by KeyBanc Capital Markets. The stock has “Hold” rating by Jefferies on Tuesday, January 2.

More important recent Pilgrim's Pride Corporation (NASDAQ:PPC) news were published by: which released: “How Pilgrim’s Pride (PPC) Stock Stands Out in a Strong Industry March 12, 2018” on March 12, 2018, also published article titled: “Pilgrim’s Pride to Host Annual Meeting of Shareholders on May 10, 2018”, published: “Pilgrim’s Pride Announces Offering of Senior Unsecured Notes” on February 21, 2018. More interesting news about Pilgrim's Pride Corporation (NASDAQ:PPC) was released by: and their article: “Pilgrim’s Pride Closes $500.0 million Senior Unsecured Notes Offering” with publication date: March 07, 2018.

PilgrimÂ’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. The company has market cap of $6.41 billion. It offers fresh chicken products comprising pre-marinated or non-marinated refrigerated whole chickens, prepackaged case-ready chicken, whole cut-up chickens, and selected chicken parts. It has a 9.24 P/E ratio. The firm also provides prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts.

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