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After finishing at $45.51 in the prior trading day, Pilgrim’s Pride Corp. (NASDAQ: PPC) closed at $46.12, up 1.34%. In other words, the price has increased by $1.34 from its previous closing price. On the day, 1.26 million shares were traded. PPC stock price reached its highest trading level at $47.2 during the session, while it also had its lowest trading level at $45.37.
Ratios:
Our goal is to gain a better understanding of PPC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.87. 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 15, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $47.
BMO Capital Markets Downgraded its Outperform to Market Perform on August 12, 2024, while the target price for the stock was maintained at $46.
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 10936113152 and an Enterprise Value of 12946845696. As of this moment, Pilgrim’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.48, and their Forward P/E ratio for the next fiscal year is 11.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 2.93. Its current Enterprise Value per Revenue stands at 0.727 whereas that against EBITDA is 8.058.
Stock Price History:
Over the past 52 weeks, PPC has reached a high of $49.07, while it has fallen to a 52-week low of $23.15. The 50-Day Moving Average of the stock is 4.89%, while the 200-Day Moving Average is calculated to be 27.32%.
Shares Statistics:
The stock has traded on average 1.32M shares per day over the past 3-months and 2315650 shares per day over the last 10 days, according to various share statistics. 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 1726185600 were 3924429 with a Short Ratio of 2.97, compared to 1723680000 on 2784932. Therefore, it implies a Short% of Shares Outstanding of 3924429 and a Short% of Float of 9.49.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.22.
