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Pilgrim’s Pride Corp. (NASDAQ: PPC) closed the day trading at $41.27 down -1.76% from the previous closing price of $42.01. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1.61 million shares were traded. PPC stock price reached its highest trading level at $42.06 during the session, while it also had its lowest trading level at $40.95.
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 7.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.83. 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 9786066944 and an Enterprise Value of 11941444608. As of this moment, Pilgrim’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.96, and their Forward P/E ratio for the next fiscal year is 10.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 2.62. Its current Enterprise Value per Revenue stands at 0.671 whereas that against EBITDA is 7.433.
Stock Price History:
Over the past 52 weeks, PPC has reached a high of $47.44, while it has fallen to a 52-week low of $22.33. The 50-Day Moving Average of the stock is -2.39%, while the 200-Day Moving Average is calculated to be 19.42%.
Shares Statistics:
Over the past 3-months, PPC traded about 792.73K shares per day on average, while over the past 10 days, PPC traded about 1145580 shares per day. A total of 236.79M shares are outstanding, with a floating share count of 41.27M. Insiders hold about 82.59% of the company’s shares, while institutions hold 16.14% stake in the company. Shares short for PPC as of 1723680000 were 2784932 with a Short Ratio of 4.30, compared to 1721001600 on 1267325. Therefore, it implies a Short% of Shares Outstanding of 2784932 and a Short% of Float of 6.74.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.22.
