Company shares are trading at $31.78 which is just a bit higher than $29.56, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $25.98. The 50 day moving average moved up $2.22 whereas the 200 day average was up by +22.31%. Pilgrim’s Pride Corporation shares had a trading volume of 719K on Tuesday. Overall, volume was down 27.28% under the stocks normal daily volume.
Traders are more bearish on Pilgrim’s Pride Corporation recently if you consider the increase in short interest. The company realized a rise in short interest of 3.61% as of the latest report on October 13, 2017. Short shares increased 580,662 over that period. The short-interest ratio increased to 13.0 and the short interest percentage is 0.07% as of October 13.
Here are a few substantial investment firms who have updated their positions. Regentatlantic Capital LLC trimmed its holdings by shedding 1,895 shares a decrease of 18.9% from 06/30/2017 to 09/30/2017. Regentatlantic Capital LLC claims 8,150 shares with a value of $232,000. The value of the position overall is up by 5.5%. Pictet Asset Management Ltd cut its stake by selling 7,081 shares a decrease of 6.2% as of 09/30/2017. Pictet Asset Management Ltd now holds 107,476 shares valued at $3,053,000. The total value of its holdings increased 14.5%.
As of quarter end Aperio Group, LLC had acquired a total of 11,498 shares growing its stake by 18.2%. The value in dollars went from $1,384,000 to $2,121,000 a change of $737,000 quarter to quarter. As of the end of the quarter Parametrica Management Ltd had bought 756 shares growing its position 3.0%. The value of the investment in Pilgrim’s Pride Corporation increased from $557,000 to $743,000 a change of 33.4% quarter over quarter.
Pilgrim’s Pride Corporation’s P/E ratio is 16.03 and market capitalization is 7.91B. In the latest earnings report the EPS was $1.98 and is projected to be $2.62 for the current year with 248,752,000 shares outstanding. Next quarter’s EPS is expected be $0.48 with next year’s EPS anticipated to be $2.75.
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..