Should You Invest in Pilgrim’s Pride Corporation (PPC) Now?

Pilgrim’s Pride Corporation (NASDAQ: PPC)’s stock price has increased by 1.84 compared to its previous closing price of 24.44. However, the company has experienced a 2.18% gain in its stock price over the last five trading sessions. The Wall Street Journal reported on 10/27/22 that Justice Department Probes How Poultry Companies Pay Farmers

Pilgrim’s Pride Corporation (NASDAQ: PPC) has a higher price-to-earnings ratio of 8.09x compared to its average ratio, and the 36-month beta value for PPC is at 0.98. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”

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The average price suggested by analysts for PPC is $26.90, which is $1.81 above the current market price. The public float for PPC is 40.63M, and currently, shorts hold a 9.78% of that float. The average trading volume for PPC on February 19, 2023 was 797.87K shares.

Examining the Volatility of Pilgrim’s Pride Corporation’s (PPC) Stock

PPC’s stock has risen by 2.18% in the past week, with a monthly drop of -3.26% and a quarterly rise of 0.44%. The volatility ratio for the week is 2.70% while the volatility levels for the last 30 days are 3.25% for Pilgrim’s Pride Corporation The simple moving average for the last 20 days is 0.88% for PPC stock, with a simple moving average of -7.90% for the last 200 days.

Analysts’ Opinion of PPC

Many brokerage firms have already submitted their reports for PPC stocks, with BMO Capital Markets repeating the rating for PPC by listing it as a “Outperform.” The predicted price for PPC in the upcoming period, according to BMO Capital Markets is $30 based on the research report published on March 10th of the previous year 2022.

BofA Securities, on the other hand, stated in their research note that they expect to see PPC reach a price target of $28. The rating they have provided for PPC stocks is “Neutral” according to the report published on February 28th, 2022.

Stephens gave a rating of “Overweight” to PPC, setting the target price at $35 in the report published on February 18th of the previous year.

PPC Trading at 1.46% from the 50-Day Moving Average

After a stumble in the market that brought PPC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.19% of loss for the given period.

Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -4.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.26% lower at present.

During the last 5 trading sessions, PPC rose by +2.18%, which changed the moving average for the period of 200-days by -13.28% in comparison to the 20-day moving average, which settled at $24.62. In addition, Pilgrim’s Pride Corporation saw 4.89% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PPC starting from Sandri Fabio, who sale 33,471 shares at the price of $30.06 back on Aug 22. After this action, Sandri Fabio now owns 260,345 shares of Pilgrim’s Pride Corporation, valued at $1,006,135 using the latest closing price.

Sandri Fabio, the President and CEO of Pilgrim’s Pride Corporation, sale 77,741 shares at $34.42 during a trade that took place back on Jun 06, which means that Sandri Fabio is holding 293,816 shares at $2,675,869 based on the most recent closing price.

Stock Fundamentals for PPC

Current profitability levels for the company are sitting at:

  • +6.77 for the present operating margin
  • +10.04 for the gross margin

The net margin for Pilgrim’s Pride Corporation stands at +4.27. Equity return is now at value 26.60, with 8.10 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.