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Wednesday, March 22, 2023

Is Pilgrim’s Pride Corporation (NASDAQ: PPC) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Pilgrim’s Pride Corporation (PPC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $23.60. The Pilgrim’s Pride Corporation has recorded 15,421 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that PILGRIM’S PRIDE CORPORATION ANNOUNCES EXPIRATION AND RESULTS OF ITS REGISTERED EXCHANGE OFFERS FOR ANY AND ALL OF ITS OUTSTANDING 4.250% SUSTAINABILITY-LINKED SENIOR NOTES DUE 2031 AND 3.500% SENIOR NOTES DUE 2032.

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Stocks Info

Pilgrim’s Pride Corporation is listed on the NASDAQ in the Consumer Defensive sector while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $23.60 and fluctuated between $23.99 as its day high and $23.38 as its day low. The current market capitalization of Pilgrim’s Pride Corporation is $5.56B. A total of 0.62 million shares were traded on the day, compared to an average of 838.93K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PPC has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 15,039 shares. Over the last 12 months, there were 6 BUYs and 5 SELLs from insiders. Insiders purchased 13,470 shares during that period but sold 297,251.

In the most recent transaction, Sandri Fabio sold 12,234 shares of PPC for 24.36 per share on Feb 16. After the transaction, the President and CEO now owns 248,111 company shares. In a previous transaction on Feb 16, Galvanoni Matthew R sold 2,805 shares at 24.36 per share. PPC shares that Chief Financial Officer owns now total 31,053.

Among the insiders who sold shares, Sandri Fabio disposed of 33,471 shares on Aug 22 at a per-share price of $30.06. This resulted in the President and CEO holding 260,345 shares of PPC after the transaction. In another insider transaction, Sandri Fabio sold 77,741 shares at $34.42 per share on Jun 06. Company shares held by the President and CEO now total 293,816.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PPC’s most recent ex-dividend date was 5/6/2016 when it declared a $2.75 quarterly dividend that was paid in cash on 5/18/2016. Previously, the company paid the dividend on 2/17/2015 with an ex-dividend date of 1/28/2015. The PPC stock dividend was $5.77 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PPC in the last 3 months, the mean price target is $26.90 with high estimates of $29.00 and low estimates of $25.00. In terms of 52-week highs and lows, PPC has a high of $34.66 and a low of $20.85.

As of this writing, PPC has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.02. The company reported an EPS of $1.09 in the last quarter, which was 39.70% higher than expectations of $0.78.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PPC is Overweight with a score of 3.80. A total of 0 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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