The stock of Pilgrim’s Pride Corporation (NASDAQ:PPC) is a huge mover today! The stock decreased 8.14% or $1.71 during the last trading session, hitting $19.31. About 4.34 million shares traded hands or 207.80% up from the average. Pilgrim’s Pride Corporation (NASDAQ:PPC) has declined 18.75% since April 4, 2016 and is downtrending. It has underperformed by 19.84% the S&P500.
The move comes after 5 months negative chart setup for the $4.70 billion company. It was reported on Nov, 4 by Barchart.com. We have $18.34 PT which if reached, will make NASDAQ:PPC worth $235.00 million less.
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 company was initiated on Wednesday, December 16 by Jefferies. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, June 6 report. On Friday, October 30 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm has “Hold” rating by BB&T Capital given on Wednesday, May 25. The rating was maintained by Jefferies with “Hold” on Wednesday, October 12. The firm earned “Buy” rating 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 improved, 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.
Raymond James Fincl Ser Advsr Inc last reported 0% of its portfolio in the stock. Bridgeway Management reported 1.15 million shares or 0.46% of all its holdings. Spark Limited Com accumulated 159,600 shares or 0.38% of the stock. Euclid Ltd Limited Liability Company has 0.38% invested in the company for 342,000 shares. Kanaly last reported 94 shares in the company. Hays Advisory Limited Liability Co has 260,654 shares for 1.03% of their US portfolio. Savings Bank Of Hawaii reported 12,440 shares or 0.03% of all its holdings. Argent Cap Mngmt Ltd Limited Liability Company accumulated 13,358 shares or 0.02% of the stock. Victory Management, a Ohio-based fund reported 25,466 shares. Shell Asset Management accumulated 0.02% or 29,900 shares. Alpine Prns Vi Ltd Company has 0.1% invested in the company for 8,809 shares. Whittier Of Nevada Inc last reported 0.01% of its portfolio in the stock. Horrell holds 0.43% of its portfolio in Pilgrim’s Pride Corporation (NASDAQ:PPC) for 27,000 shares. Principal Financial Gp has 13,339 shares for 0% of their US portfolio. Prudential Incorporated has 1.02M shares for 0.04% of their US portfolio.
More notable 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 Prnewswire.com with their article: “SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered …” published on October 28, 2016, Globenewswire.com published: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Pilgrim’s …” on October 31, 2016. More interesting news about Pilgrim’s Pride Corporation (NASDAQ:PPC) were released by: Nasdaq.com and their article: “Pilgrim’s Pride Corporation Q3 Income Retreats 31%” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Pilgrim’s Pride …” with publication date: October 31, 2016.
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.
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