Shares of Pilgrim’s Pride Co. (NASDAQ:PPC) reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.24 and last traded at $19.29, with a volume of 47140 shares. The stock had previously closed at $19.77.

PPC has been the subject of several recent analyst reports. BidaskClub raised shares of Pilgrim’s Pride from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. ValuEngine downgraded shares of Pilgrim’s Pride from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Pilgrim’s Pride from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Mizuho initiated coverage on shares of Pilgrim’s Pride in a report on Wednesday, March 28th. They set a “buy” rating and a $29.00 price objective for the company. Finally, TheStreet downgraded shares of Pilgrim’s Pride from a “b-” rating to a “c” rating in a report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Pilgrim’s Pride presently has a consensus rating of “Hold” and a consensus target price of $27.80.

The firm has a market capitalization of $5.02 billion, a PE ratio of 6.68 and a beta of 0.23. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 1.29.

Pilgrim’s Pride (NASDAQ:PPC) last released its earnings results on Thursday, May 10th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Pilgrim’s Pride had a net margin of 6.84% and a return on equity of 44.25%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. equities analysts predict that Pilgrim’s Pride Co. will post 2.56 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new position in shares of Pilgrim’s Pride in the 1st quarter valued at $100,000. Clarus Wealth Advisors acquired a new position in shares of Pilgrim’s Pride in the 2nd quarter valued at $161,000. Tiverton Asset Management LLC acquired a new position in shares of Pilgrim’s Pride in the 1st quarter valued at $173,000. Cerebellum GP LLC acquired a new position in shares of Pilgrim’s Pride in the 2nd quarter valued at $168,000. Finally, Glenmede Trust Co. NA raised its stake in shares of Pilgrim’s Pride by 96.9% in the 4th quarter. Glenmede Trust Co. NA now owns 8,361 shares of the company’s stock valued at $259,000 after buying an additional 4,115 shares in the last quarter. Hedge funds and other institutional investors own 23.89% of the company’s stock.

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.

Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.