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Pilgrim’s Pride Corp. (NASDAQ: PPC) closed the day trading at $44.19 down -3.28% from the previous closing price of $45.69. In other words, the price has decreased by -$3.28 from its previous closing price. On the day, 1.57 million shares were traded. PPC stock price reached its highest trading level at $45.12 during the session, while it also had its lowest trading level at $44.105.
Ratios:
For a better understanding of PPC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.91.
On August 12, 2024, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $46.
On June 18, 2024, Argus started tracking the stock assigning a Buy rating and target price of $41.Argus initiated its Buy rating on June 18, 2024, with a $41 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when Sandri Fabio sold 65,000 shares for $44.50 per share. The transaction valued at 2,892,344 led to the insider holds 279,565 shares of the business.
Galvanoni Matthew R sold 6,500 shares of PPC for $281,515 on Aug 06 ’24. The Chief Financial Officer now owns 51,750 shares after completing the transaction at $43.31 per share. On Aug 06 ’24, another insider, Galvanoni Matthew R, who serves as the Officer of the company, bought 6,500 shares for $43.31 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PPC now has a Market Capitalization of 10478465024 and an Enterprise Value of 12989528064. As of this moment, Pilgrim’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.87, and their Forward P/E ratio for the next fiscal year is 11.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 0.729 whereas that against EBITDA is 8.085.
Stock Price History:
Over the past 52 weeks, PPC has reached a high of $45.89, while it has fallen to a 52-week low of $22.33. The 50-Day Moving Average of the stock is 13.41%, while the 200-Day Moving Average is calculated to be 34.83%.
Shares Statistics:
Over the past 3-months, PPC traded about 700.83K shares per day on average, while over the past 10 days, PPC traded about 1259980 shares per day. A total of 236.79M shares are outstanding, with a floating share count of 41.13M. Insiders hold about 82.66% of the company’s shares, while institutions hold 16.14% stake in the company. Shares short for PPC as of 1722384000 were 1401945 with a Short Ratio of 2.00, compared to 1719532800 on 1524633. Therefore, it implies a Short% of Shares Outstanding of 1401945 and a Short% of Float of 3.39.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.22.
