Shares are trading at $30.87 which is just a bit higher than the 50 day moving average of $29.17 and which is quite a bit above the 200 day moving average of $25.64. The 50 day moving average went up by +5.82% whereas the 200 day moving average was up $5.23 or +20.38%. Trading volume for Pilgrim’s Pride Corporation was 1,080K on Tuesday. Overall, volume was down 25.20% under the stocks normal daily volume.
Investors are feeling more bearish on shares of Pilgrim’s Pride Corporation lately if you consider the change in short interest. The firm recorded a rise in short interest of 2.13% as of the latest report on September 29, 2017. Short shares increased 335,249 over that period. Days to cover decreased from 11.0 to 11.0 and the percentage of shorted shares was 0.06% on September 29.
These firms have modified their investment in PPC. As of the end of the quarter Shell Asset Management CO had sold a total of 600 shares trimming its position 2.3%. The value in dollars increased from $581,000 to $736,000 a change of $155,000 for the reporting period. As of quarter end Capital One, National Association had acquired 795 shares growing its holdings by 1.7%. The value of the total investment in Pilgrim’s Pride Corporation went from $1,010,000 to $1,331,000 a change of 31.8% since the last quarter.
Denali Advisors LLC reduced its position by selling 122,800 shares a decrease of 17.1%. Denali Advisors LLC claims 593,788 shares worth $16,870,000. The value of the position overall is up by 7.4%. Financial Architects, Inc cut its holdings by shedding 133 shares a decrease of 21.0% in the quarter. Financial Architects, Inc now controls 500 shares with a value of $14,000. The total value of its holdings decreased 0.0%.
The company’s P/E ratio is 15.58 and the market value is 7.68B. As of the last earnings report the EPS was $1.98 and is expected to be $2.61 for the current year with 248,752,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.47 and the next full year EPS is projected to be $2.73.
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..