Pilgrim's Pride Co. CFO Sells $870,600 in Stock (PPC)
Pilgrim's Pride Co. (NYSE:PPC) CFO Fabio Sandri unloaded 30,000 shares of Pilgrim's Pride Co. stock on the open market in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $29.02, for a total value of $870,600.00. Following the completion of the sale, the chief financial officer now directly owns 47,075 shares in the company, valued at approximately $1,366,117. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PPC shares. Analysts at Zacks upgraded shares of Pilgrim's Pride Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $32.60 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Pilgrim's Pride Co. in a research note on Thursday, June 26th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, analysts at Stephens downgraded shares of Pilgrim's Pride Co. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 24th. They now have a $25.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Pilgrim's Pride Co. currently has a consensus rating of “Hold” and an average price target of $24.90.
Shares of Pilgrim's Pride Co. (NYSE:PPC) traded up 0.43% on Friday, hitting $28.26. 1,322,219 shares of the company’s stock traded hands. Pilgrim's Pride Co. has a 1-year low of $13.76 and a 1-year high of $32.11. The stock has a 50-day moving average of $28.96 and a 200-day moving average of $22.73. The company has a market cap of $7.320 billion and a price-to-earnings ratio of 12.34.
Pilgrim's Pride Co. (NYSE:PPC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.11. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Pilgrim's Pride Co. will post $2.38 EPS for the current fiscal year.
Pilgrim’s Pride Corp (NYSE:PPC) is a chicken producer with operations in the United States, Mexico and Puerto Rico.
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