Shares of Pilgrim’s Pride Co. (NASDAQ:PPC) have been assigned an average rating of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.94.

Several analysts recently issued reports on the stock. Cleveland Research raised shares of Pilgrim’s Pride from a “neutral” rating to a “buy” rating in a report on Wednesday, May 22nd. BMO Capital Markets upped their price objective on shares of Pilgrim’s Pride to $31.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. They noted that the move was a valuation call. BidaskClub raised shares of Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a report on Wednesday. ValuEngine raised shares of Pilgrim’s Pride from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, TheStreet raised shares of Pilgrim’s Pride from a “c” rating to a “b-” rating in a report on Tuesday, May 28th.

PPC stock traded up $0.04 during trading hours on Thursday, hitting $28.42. The company’s stock had a trading volume of 759,700 shares, compared to its average volume of 1,044,113. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $7.02 billion, a PE ratio of 22.20 and a beta of 0.81. Pilgrim’s Pride has a 12 month low of $14.83 and a 12 month high of $30.35. The stock has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $24.65.

Pilgrim’s Pride (NASDAQ:PPC) last posted its earnings results on Wednesday, July 31st. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.09. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.86 billion. Pilgrim’s Pride had a net margin of 2.53% and a return on equity of 15.58%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Sell-side analysts expect that Pilgrim’s Pride will post 1.83 earnings per share for the current year.

In related news, CFO Fabio Sandri sold 74,710 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $28.27, for a total transaction of $2,112,051.70. Following the completion of the sale, the chief financial officer now owns 326,363 shares in the company, valued at approximately $9,226,282.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayson Penn sold 51,222 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $28.29, for a total transaction of $1,449,070.38. Following the sale, the chief executive officer now owns 204,408 shares of the company’s stock, valued at approximately $5,782,702.32. The disclosure for this sale can be found here. Corporate insiders own 78.73% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Pilgrim’s Pride by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,967,489 shares of the company’s stock worth $126,124,000 after purchasing an additional 132,150 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Pilgrim’s Pride by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,966,753 shares of the company’s stock worth $73,724,000 after purchasing an additional 301,692 shares in the last quarter. BlackRock Inc. increased its position in shares of Pilgrim’s Pride by 14.2% during the 2nd quarter. BlackRock Inc. now owns 2,742,638 shares of the company’s stock worth $69,637,000 after purchasing an additional 341,062 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Pilgrim’s Pride by 23.5% during the 2nd quarter. Prudential Financial Inc. now owns 2,225,706 shares of the company’s stock worth $56,511,000 after purchasing an additional 423,761 shares in the last quarter. Finally, Man Group plc increased its position in shares of Pilgrim’s Pride by 1,850.8% during the 2nd quarter. Man Group plc now owns 1,745,958 shares of the company’s stock worth $44,330,000 after purchasing an additional 1,656,458 shares in the last quarter. Institutional investors and hedge funds own 18.83% of the company’s stock.

Pilgrim’s Pride Company Profile

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.

Further Reading: What are Institutional Investors?

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

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.