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

April 17, 2018 - By Hazel Jackson

Pilgrim's Pride Corporation (NASDAQ:PPC) LogoInvestors sentiment decreased to 1.14 in 2017 Q4. Its down 0.23, from 1.37 in 2017Q3. It turned 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.
Denali Advisors Lc invested 2.52% in Pilgrim's Pride Corporation (NASDAQ:PPC). 8,017 are held by Raymond James Financial Ser Advsr. James Invest Research Inc invested 0.07% in Pilgrim's Pride Corporation (NASDAQ:PPC). Moreover, Old Bancshares In has 0.03% invested in Pilgrim's Pride Corporation (NASDAQ:PPC). Glenmede Na reported 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Old Mutual Glob Invsts (Uk) Limited invested in 0.01% or 38,051 shares. Ahl Prtnrs Llp reported 0.23% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). United Finance Advisers holds 0.01% or 40,119 shares. Aperio Gru Ltd Liability Corp owns 0.02% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 105,372 shares. Amer Interest Group Inc holds 1,238 shares or 0% of its portfolio. 2,395 are owned by Prelude Capital Mngmt Ltd. Moreover, Alliancebernstein L P has 0% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 27,769 shares. Oakworth Capital holds 0% or 393 shares. Amundi Pioneer Asset invested in 149,200 shares or 0.01% of the stock. Credit Suisse Ag accumulated 203,732 shares.

Since February 27, 2018, it had 0 buys, and 1 insider 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. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, November 9. As per Friday, November 10, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Wednesday, March 28 by Mizuho. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 31. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) has “Hold” rating given on Wednesday, November 15 by Jefferies. The company was maintained on Tuesday, February 27 by Morgan Stanley. The stock of Pilgrim's Pride Corporation (NASDAQ:PPC) earned “Hold” rating by Jefferies on Tuesday, January 2. Vertical Group upgraded Pilgrim's Pride Corporation (NASDAQ:PPC) on Wednesday, March 14 to “Buy” rating.

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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