Pilgrim’s Pride (PPC) Rating Reiterated by Mizuho

Pilgrim’s Pride (NASDAQ:PPC)‘s stock had its “buy” rating reissued by equities research analysts at Mizuho in a research note issued to investors on Monday. They presently have a $28.00 price target on the stock. Mizuho’s price target suggests a potential upside of 23.46% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Pilgrim’s Pride from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, March 15th. Vertical Group raised Pilgrim’s Pride from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. ValuEngine downgraded Pilgrim’s Pride from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Morgan Stanley set a $25.00 price target on Pilgrim’s Pride and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets reduced their price target on Pilgrim’s Pride to $31.00 and set a “market perform” rating on the stock in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.60.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:PPC opened at $22.68 on Monday. The company has a market cap of $5,664.31, a P/E ratio of 7.85 and a beta of 0.19. Pilgrim’s Pride has a 1 year low of $20.28 and a 1 year high of $38.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.87 and a current ratio of 1.73.



Pilgrim’s Pride (NASDAQ:PPC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.56 billion. Pilgrim’s Pride had a return on equity of 49.74% and a net margin of 7.08%. analysts anticipate that Pilgrim’s Pride will post 3.03 EPS for the current fiscal year.

In other Pilgrim’s Pride news, CEO William W. Lovette sold 100,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.36, for a total transaction of $2,536,000.00. Following the completion of the sale, the chief executive officer now directly owns 578,653 shares in the company, valued at $14,674,640.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 78.81% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PPC. Legal & General Group Plc lifted its stake in Pilgrim’s Pride by 43.6% during the third quarter. Legal & General Group Plc now owns 26,953 shares of the company’s stock worth $766,000 after purchasing an additional 8,184 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Pilgrim’s Pride by 114.4% during the third quarter. Wells Fargo & Company MN now owns 252,786 shares of the company’s stock worth $7,182,000 after purchasing an additional 134,879 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Pilgrim’s Pride by 0.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 383,553 shares of the company’s stock worth $10,897,000 after purchasing an additional 1,676 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Pilgrim’s Pride by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 934,475 shares of the company’s stock valued at $26,548,000 after acquiring an additional 38,754 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Pilgrim’s Pride in the 3rd quarter valued at $715,000. Hedge funds and other institutional investors own 25.13% of the company’s stock.

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About Pilgrim’s Pride

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.

Analyst Recommendations for Pilgrim`s Pride (NASDAQ:PPC)

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