Analysts See $0.55 EPS for Pilgrim's Pride Corporation (PPC)

April 17, 2018 - By Nellie Frank

Pilgrim's Pride Corporation (NASDAQ:PPC) LogoInvestors sentiment decreased to 1.14 in Q4 2017. Its down 0.23, from 1.37 in 2017Q3. It is negative, as 21 investors sold Pilgrim's Pride Corporation shares while 75 reduced holdings. 32 funds opened positions while 77 raised stakes. 59.81 million shares or 0.26% more from 59.66 million shares in 2017Q3 were reported.
Dynamic Management Ltd has 21,022 shares. Grp One Trading L P holds 0% or 2,634 shares. Numeric Investors Limited Company accumulated 878,800 shares or 0.2% of the stock. Financial Bank Of America De reported 0% in Pilgrim's Pride Corporation (NASDAQ:PPC). Quantbot Technologies L P, New York-based fund reported 90,413 shares. Moreover, Covington Capital Management has 0% invested in Pilgrim's Pride Corporation (NASDAQ:PPC). Cadence Cap Management Lc holds 34,109 shares. Lazard Asset Limited Company stated it has 351,802 shares. Asset One holds 0.01% or 76,385 shares in its portfolio. Amalgamated Bank & Trust reported 10,563 shares. First Midwest Natl Bank Division holds 0.12% or 31,367 shares in its portfolio. Price T Rowe Associate Inc Md holds 0% or 22,694 shares. State Of Wisconsin Investment Board holds 18,092 shares or 0% of its portfolio. Stevens Management L P holds 16,593 shares. Canada Pension Plan Invest Board invested in 82,400 shares or 0% of the stock.

Since February 27, 2018, it had 0 insider buys, and 1 sale for $2.54 million activity.

Analysts expect Pilgrim's Pride Corporation (NASDAQ:PPC) to report $0.55 EPS on May, 2.They anticipate $0.17 EPS change or 44.74 % from last quarter’s $0.38 EPS. PPC’s profit would be $136.95 million giving it 10.82 P/E if the $0.55 EPS is correct. After having $0.58 EPS previously, Pilgrim's Pride Corporation’s analysts see -5.17 % EPS growth. The stock decreased 1.14% or $0.275 during the last trading session, reaching $23.795. About 435,947 shares traded. Pilgrim's Pride Corporation (NASDAQ:PPC) has risen 11.43% since April 17, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Pilgrim's Pride Corporation (NASDAQ:PPC) Ratings Coverage

Among 6 analysts covering Pilgrim’s Pride (NASDAQ:PPC), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Pilgrim’s Pride had 9 analyst reports since October 31, 2017 according to SRatingsIntel. Mizuho initiated it with “Buy” rating and $2900 target in Wednesday, March 28 report. The firm has “Buy” rating by Vertical Group given on Wednesday, March 14. The firm has “Hold” rating given on Wednesday, November 15 by Jefferies. The company was maintained on Tuesday, January 2 by Jefferies. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, October 31. The firm has “Market Perform” rating given on Thursday, November 9 by BMO Capital Markets. The firm has “Equal-Weight” rating given on Friday, November 10 by Morgan Stanley. As per Tuesday, February 27, the company rating was maintained by Morgan Stanley.

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. The company has market cap of $5.93 billion. It offers fresh chicken products comprising pre-marinated or non-marinated refrigerated whole chickens, prepackaged case-ready chicken, whole cut-up chickens, and selected chicken parts. It has a 8.53 P/E ratio. The firm also provides prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts.

Pilgrim's Pride Corporation (NASDAQ:PPC) Institutional Positions Chart

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