Pilgrim’s Pride Corp (NASDAQ: PPC) on Monday, plunged -2.71% from the previous trading day, before settling in for the closing price of $51.71. Within the past 52 weeks, PPC’s price has moved between $25.23 and $55.50.
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A company in the Consumer Defensive sector has jumped its sales by 10.02% annually for the last half of the decade. The company achieved an average annual earnings per share of 197.63%. With a float of $41.27 million, this company’s outstanding shares have now reached $236.79 million.
In an organization with 61200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 11.48%, operating margin of 8.35%, and the pretax margin is 7.17%.
Pilgrim’s Pride Corp (PPC) Insider Updates
Observing investor behavior towards Packaged Foods industry stocks is more important than anything else. The insider ownership of Pilgrim’s Pride Corp is 82.59%, while institutional ownership is 20.14%. The most recent insider transaction that took place on Aug 06 ’24, was worth 2,892,344. In this transaction President and CEO of this company sold 65,000 shares at a rate of $44.50, taking the stock ownership to the 279,565 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Chief Financial Officer sold 6,500 for $43.31, making the entire transaction worth $281,515. This insider now owns 51,750 shares in total.
Pilgrim’s Pride Corp (PPC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 197.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 48.19% 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
Pilgrim’s Pride Corp (PPC) is currently performing well based on its current performance indicators. A quick ratio of 1.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65. Likewise, its price to free cash flow for the trailing twelve months is 7.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.14, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 4.23 in one year’s time.
Technical Analysis of Pilgrim’s Pride Corp (PPC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.76 million. That was inferior than the volume of 0.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.06%. Additionally, its Average True Range was 1.61.
During the past 100 days, Pilgrim’s Pride Corp’s (PPC) raw stochastic average was set at 71.51%, which indicates a significant increase from 10.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.66% in the past 14 days, which was lower than the 33.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.47, while its 200-day Moving Average is $39.85. However, in the short run, Pilgrim’s Pride Corp’s stock first resistance to watch stands at $51.63. Second resistance stands at $52.96. The third major resistance level sits at $53.72. If the price goes on to break the first support level at $49.54, it is likely to go to the next support level at $48.78. Assuming the price breaks the second support level, the third support level stands at $47.45.
Pilgrim’s Pride Corp (NASDAQ: PPC) Key Stats
Market capitalization of the company is 11.81 billion based on 237,123K outstanding shares. Right now, sales total 17,362 M and income totals 321,570 K. The company made 4,585 M in profit during its latest quarter, and 349,860 K in sales during its previous quarter.
