Is Pilgrim’s Pride Corporation’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Pilgrim's Pride Corporation's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Pilgrim’s Pride Corporation (PPC) registered an unusually high (4,805) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PPC increase. With 4,805 contracts traded and 1734 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PPC161021C00021000 closed last at: $0.55 or 10% up. About 291,041 shares traded hands. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 14.24% since March 14, 2016 and is downtrending. It has underperformed by 19.85% the S&P500.

Analysts await Pilgrim’s Pride Corporation (NASDAQ:PPC) to report earnings on October, 26. They expect $0.53 earnings per share, 0.00% or $0.00 from last year’s $0.53 per share. PPC’s profit will be $133.64M for 9.88 P/E if the $0.53 EPS becomes a reality. After $0.60 actual earnings per share reported by Pilgrim’s Pride Corporation for the previous quarter, Wall Street now forecasts -11.67% negative EPS growth.

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

Out of 3 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Pilgrims Pride has been the topic of 6 analyst reports since October 30, 2015 according to StockzIntelligence Inc. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Wednesday, May 25 by BB&T Capital. Jefferies maintained the stock with “Hold” rating in Wednesday, October 12 report. The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Wednesday, December 16 by Jefferies. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 30. On Monday, June 6 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm has “Buy” rating given on Wednesday, November 4 by BB&T Capital.

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.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.56, from 0.59 in 2016Q1. The ratio increased, as 28 funds sold all Pilgrim’s Pride Corporation shares owned while 70 reduced positions. 41 funds bought stakes while 72 increased positions. They now own 66.15 million shares or 3.48% less from 68.53 million shares in 2016Q1.
Schroder Mgmt Group Incorporated holds 38,900 shares or 0% of its portfolio. Midas Management Corp holds 0.07% or 5,000 shares in its portfolio. Fort L P owns 29,725 shares or 0.31% of their US portfolio. Moreover, Ci has 0% invested in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 650 shares. Asset accumulated 35,713 shares or 0.01% of the stock. Van Eck holds 201,936 shares or 0.03% of its portfolio. Ladenburg Thalmann Svcs holds 0% or 2,812 shares in its portfolio. C M Bidwell And Associates Limited has 0.39% invested in the company for 62,220 shares. Convergence Inv Prtnrs Lc reported 147,827 shares or 0.52% of all its holdings. Tower Ltd Com (Trc) reported 1,291 shares or 0% of all its holdings. Prudential Financial has 0.04% invested in the company for 1.02 million shares. The Switzerland-based Credit Suisse Ag has invested 0.01% in Pilgrim’s Pride Corporation (NASDAQ:PPC). Lazard Asset Ltd Liability Company reported 40,210 shares or 0% of all its holdings. Highbridge Capital Management Limited Liability Corp owns 10,786 shares or 0% of their US portfolio. Royal Savings Bank Of Canada holds 0% or 114,870 shares in its portfolio.

Pilgrim’s Pride Corporation is a retail food store. The company has a market cap of $5.28 billion. The Firm is a producer and seller of chicken products with activities in the United States, Mexico and Puerto Rico. It has a 11.39 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.

PPC Company Profile

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 important recent Pilgrim’s Pride Corporation (NASDAQ:PPC) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on October 07, 2016, also Nasdaq.com published article titled: “Earnings Reaction History: Pilgrim’s Pride Corporation, 44.4% Follow-Through …”, Businesswire.com published: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Pilgrim’s Pride …” on October 07, 2016. More interesting news about Pilgrim’s Pride Corporation (NASDAQ:PPC) was released by: Nasdaq.com and their article: “Pilgrim’s Pride Corporation to Host Third Quarter 2016 Earnings Call on …” with publication date: October 06, 2016.

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