About 260,345 Worth Of Pilgrim’s Pride Corporation (PPC) Shares Belongs To Its President and CEO


As of Wednesday close, Pilgrim’s Pride Corporation’s (NASDAQ:PPC) stock was up $0.13, moving up 0.50 percent to $26.21. The average number of shares traded per day over the past five days has been 446,680 shares. 4 times new highs have been achieved over the past 5 days, with a $1.43 gain in that time frame. In the last twenty days, the average volume was 805,230, while in the previous 50 days, it was 783,358.

Since last month, PPC stock rose 16.75%. Shares of the company fell to $21.61 on 10/24/22, the lowest level in the past month. A 52-week high of $34.66 was reached on 06/03/22 after having rallying from a 52-week low of $20.23. Since the beginning of this year, PPC’s stock price has dropped by -7.06% or -$1.99, and marked a new high 21 times. However, the stock has declined by -24.38% since its 52-week high.

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PPC stock investors should be aware that Pilgrim’s Pride Corporation (PPC) stock had its last reported insider trading activity 94 days ago on Aug 22. Sandri Fabio, the President and CEO of the company, disposed of 33,471 shares for $30.06 on Aug 22. It resulted in a $1,006,135 divestment by the insider. Sandri Fabio sold 77,741 shares at an average price of $34.42 on Jun 06. The insider now owns 293,816 shares following the transaction. On May 05, President and CEO Sandri Fabio sold 171,000 shares at $28.39 apiece. The transaction was valued at $4,854,485.

Valuation Metrics

Right now, Pilgrim’s Pride Corporation (PPC) has a P/E ratio of about 6.76. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 2.29, and the price-to-cash flow ratio of 17.71 may also be considered.

The latest dividend of $2.75 per share was paid out, which is -52.34% less than last year’s $5.77.

Financial Health

In the three months ended September 29, Pilgrim’s Pride Corporation’s quick ratio stood at 0.80, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.17, and the total debt-to-equity ratio was 1.18. On the profitability front, the trailing twelve-month gross margin is 11.90% percent. In the year ended September 29, operating margins totaled 7.50%. Based on annual data, PPC earned $1.37 billion in gross profit and brought in $14.78 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was 34.30%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PPC’s revenue rose 14.35% to $4.63 billion during the quarter, while net income inched up to $4.47 billion. While analysts expected Pilgrim’s Pride Corporation to report $0.78 quarterly earnings, the actual figure was $1.09 per share, beating the consensus estimate by 39.70%. During the quarter, the company generated $440.08 million in EBITDA. The liabilities of Pilgrim’s Pride Corporation were 6.34 billion at the end of its most recent quarter ended September 29, and its total debt was $3.51 billion. The value of shareholders’ equity is $236.47 million.

Technical Picture

This quick technical analysis looks at Pilgrim’s Pride Corporation’s (PPC) price momentum. With a historical volatility rate of 17.33%, the RSI 9-day stood at 71.96% on 23 November.

With respect to its five-day moving average, the current Pilgrim’s Pride Corporation price is up by +5.77% percent or $1.43. At present, PPC shares trade +15.97% above its 20-day simple moving average and -16.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.46% above its SMA50 and -9.46% below its SMA200.

Stochastic coefficient K was 90.48% and Stochastic coefficient D was 87.89%, while ATR was 0.73. Given the Stochastic reading of 87.50% for the 14-day period, the RSI (14) reading has been calculated as 66.15%. As of today, the MACD Oscillator reading stands at 0.70, while the 14-day reading stands at 0.86.

Analyst Ratings

BMO Capital Markets upgraded its rating on Pilgrim’s Pride Corporation (NASDAQ: PPC) to an Outperform in a note to investors on March 10, 2022. The analysts firm previously had a Market perform rating on the stock.Pilgrim’s Pride Corporation (PPC) has been rated Hold by analysts. According to 0 brokerage firms, PPC is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Pilgrim’s Pride Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $27.75, the current consensus forecast for the stock is $23.00 – $36.00. Based on these forecasts, analysts predict Pilgrim’s Pride Corporation (PPC) will achieve an average price target of $28.25.


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