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The closing price of Pilgrim’s Pride Corp. (NASDAQ: PPC) was $45.12 for the day, up 1.21% from the previous closing price of $44.58. In other words, the price has increased by $1.21 from its previous closing price. On the day, 0.82 million shares were traded. PPC stock price reached its highest trading level at $45.365 during the session, while it also had its lowest trading level at $44.335.
Ratios:
Our analysis of PPC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.66. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 10698989568 and an Enterprise Value of 12854368256. As of this moment, Pilgrim’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.17, and their Forward P/E ratio for the next fiscal year is 11.40. 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 0.60 while its Price-to-Book (P/B) ratio in mrq is 2.86. Its current Enterprise Value per Revenue stands at 0.722 whereas that against EBITDA is 8.001.
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 1.98%, while the 200-Day Moving Average is calculated to be 23.33%.
Shares Statistics:
PPC traded an average of 1.36M shares per day over the past three months and 1580860 shares per day over the past ten days. 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 16.17% stake in the company. Shares short for PPC as of 1727654400 were 7151494 with a Short Ratio of 5.24, compared to 1724976000 on 3408178. Therefore, it implies a Short% of Shares Outstanding of 7151494 and a Short% of Float of 17.299999999999997.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.22.
