Pilgrim’s Pride Corporation (PPC) Saw a 52-Week High


The company is up by 1.21 percent from yesterday’s close. Company chares are trading at $28.76 significantly higher than the 50 day moving average of $24.26 and quite a bit higher than the 200 day moving average of $23.09. The 50 day moving average went up $4.58 or +18.88% and the 200 day average was up $5.75.

Pilgrim’s Pride Corporation, launched on September 11, 1986, is a retail feed store. The Company is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. The Company is involved in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. It offers a range of products to its customers through national and international distribution channels. The Business’s fresh chicken products consist of refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Business’s prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated..

Here are some other firms who have updated their holdings. As of quarter end Arrowstreet Capital, Limited Partnership had disposed of a total of 1,066,934 shares trimming its stake by 54.3%. The value of the company’s investment in Pilgrim’s Pride Corporation decreased from $44,222,000 to $19,686,000 a change of 55.5% since the last quarter. Sterling Capital Management LLC bolstered its holdings by buying 113,245 shares an increase of 878.5% as of 06/30/2017. Sterling Capital Management LLC claims 126,135 shares worth $2,765,000. The total value of its holdings increased 853.4%.

As of the end of the quarter Susquehanna International Group, Llp had bought 27,800 shares growing its position 36.1%. The value of the investment in PPC went from $1,735,000 to $2,299,000 increasing 32.5% quarter over quarter. Delphi Management Inc /ma/ added to its stake by buying 9,803 shares an increase of 11.2% in the quarter. Delphi Management Inc /ma/ now holds 97,316 shares valued at $2,133,000. The value of the position overall is up by 8.3%.

The most current P/E ratio is 14.55 and the market cap of the company is 7.17B. In the latest earnings report the EPS was $1.98 and is estimated to be $2.49 for the current year with 248,752,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.44 with next year’s EPS anticipated to be $2.43.