A new trading day began on Tuesday, with Pilgrim’s Pride Corp. (NASDAQ: PPC) stock price up 0.59% from the previous day of trading, before settling in for the closing price of $43.96. PPC’s price has ranged from $22.33 to $45.48 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 10.02% over the past five years. Meanwhile, its annual earnings per share averaged 163.99%. With a float of $41.13 million, this company’s outstanding shares have now reached $236.79 million.
Let’s look at the performance matrix of the company that is accounted for 61200 employees.
Pilgrim’s Pride Corp. (PPC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaged Foods Industry. The insider ownership of Pilgrim’s Pride Corp. is 82.66%, while institutional ownership is 16.25%. The most recent insider transaction that took place on Aug 06 ’24, was worth 2,815,150. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 6,500 for $43.31, making the entire transaction worth $281,515.
Pilgrim’s Pride Corp. (PPC) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 163.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.50% during the next five years compared to 6.37% growth over the previous five years of trading.
Pilgrim’s Pride Corp. (NASDAQ: PPC) Trading Performance Indicators
Here are Pilgrim’s Pride Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.59. Likewise, its price to free cash flow for the trailing twelve months is 9.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.19, a number that is poised to hit 1.36 in the next quarter and is forecasted to reach 3.91 in one year’s time.
Technical Analysis of Pilgrim’s Pride Corp. (PPC)
Pilgrim’s Pride Corp. (NASDAQ: PPC) saw its 5-day average volume 1.09 million, a positive change from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 77.27%. Additionally, its Average True Range was 1.27.
During the past 100 days, Pilgrim’s Pride Corp.’s (PPC) raw stochastic average was set at 89.33%, which indicates a significant increase from 77.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.71% in the past 14 days, which was higher than the 20.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.75, while its 200-day Moving Average is $32.67. Nevertheless, the first resistance level for the watch stands at $44.48 in the near term. At $44.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.08. If the price goes on to break the first support level at $43.87, it is likely to go to the next support level at $43.52. The third support level lies at $43.26 if the price breaches the second support level.
Pilgrim’s Pride Corp. (NASDAQ: PPC) Key Stats
With a market capitalization of 10.49 billion, the company has a total of 236,943K Shares Outstanding. Currently, annual sales are 17,362 M while annual income is 321,570 K. The company’s previous quarter sales were 4,559 M while its latest quarter income was 326,300 K.
