18.06 0.00 (0.00%)
After hours: 4:08PM EDT
|Bid||16.30 x 1200|
|Ask||18.75 x 4000|
|Day's Range||18.04 - 18.88|
|52 Week Range||16.30 - 38.39|
|PE Ratio (TTM)||7.59|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.43|
Pilgrim’s and Kroger today announced a joint partnership to support communities impacted by Hurricane Florence through a donation of 80,000 pounds of Just BARE chicken —Pilgrim’s brand committed to providing good food for more people. The Pilgrim’s and Kroger teams are proud to lend their support to Hurricane Florence recovery efforts. Partnering with Feeding America, the joint effort will distribute 750,000 meals to families and local communities in the Carolinas recovering from the natural disaster that made landfall on Sept. 14.
Titan Machinery, Pilgrim's Pride, Nike, Rite Aid and BlackBerry highlighted as Zacks Bull and Bear of the Day
On September 19, Hormel Foods (HRL) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.5x. However, the company is trading at a higher valuation multiple in comparison to peers. Tyson Foods (TSN) is trading at a 12-month forward PE ratio of 10.2x. Pilgrim’s Pride (PPC), Campbell Soup (CPB), and Conagra (CAG) are trading at 8.2x, 16.2x, and 16.3x, respectively, as of September 19.
Pilgrims Pride Corp. (PPC) is the second-largest chicken producer in the United States, a $60 billion industry. Pilgrim's Pride came out of bankruptcy in 2009, but has done a spectacular job since then. Warning! GuruFocus has detected 3 Warning Sign with PPC.
The majority of analysts have maintained a “hold” rating for Hormel Foods (HRL). Over the past 15 days, we have seen just one change in target price. On September 17, BMO upped the price target on Hormel Foods to $44.00 from $38.00.
Hormel Foods (HRL) has delivered year-to-date stock gains of ~9.0% as of September 19, 2018. In comparison, peers Tyson Foods (TSN), Sanderson Farms (SAFM), and Pilgrim’s Pride (PPC) have fallen 24.1%, 27.5%, and 40.2%, respectively. Hormel Foods like other industry players has been suffering from cost inflation and rising logistics costs.
After a difficult 2018, investors may consider adding Tyson Foods (NYSE:TSN) stock to their portfolio for the rest of the year. There are several long strategies in TSN stock that could lead to impressive profits. In the recent trade wars saga, China, the global top consumer of pork and one of the biggest markets for U.S. pork, introduced a 25% tariff on pork imported from the U.S. Previous 2018 earnings calls by TSN management had also been downbeat and investors in Tyson Foods stock had punished the stock throughout the year.
Pilgrim's Pride (PPC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
On August 23, Hormel Foods (HRL) stock fell 3.1% after the company announced its fiscal third quarter of 2018 results. Adding to investor concerns, Hormel Foods lowered its sales outlook. Hormel Foods’ CEO Jim Snee stated on the third-quarter conference call that uncertainty surrounds the company’s export business, mainly due to tariffs.
Previously, we’ve chronicled some of the winners and losers from the recent trade war that has seen multiple rounds of tariffs enacted on imports to the U.S. and retaliatory tariffs imposed by other nations on U.S. exports.
NEW YORK, Aug. 24, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of New ...
The U.S. stock market is in the midst of a years-long winning streak. Here are the Colorado companies, from Crocs to Chipotle and Vail Resorts, that have benefitted the most from the recent years of bullish investors.
As of August 16, Hormel Foods’ (HRL) stock price has risen ~4% on a YTD (year-to-date) basis. The stock price could accelerate more after the third-quarter results. Wall Street analysts have given strong forecasts. The adjusted EPS is expected to increase 14.7% to $0.39 due to the lower tax rate and a 7.8% increase in net sales on a YoY basis.
Hormel Foods’ (HRL) quarterly dividend payout stands at ~$0.19 per share. The company increased its dividend 10% in November 2017. Hormel Foods is a dividend aristocrat. The company has been paying increased dividends for the last 52 years. Hormel Foods started paying dividends in 1928.
Most of the analysts providing recommendations on Hormel Foods (HRL) have maintained a “hold” rating on the stock ahead of the third fiscal quarter results on August 23. As of August 16, of the 12 analysts covering the stock, 58% recommended a “hold,” 34% recommended a “buy,” and 8% recommended a “sell.”
Most of the analysts maintain a “buy” rating on Tyson Foods (TSN) stock. The demand for protein is expected to remain high, which should drive the company’s sales and earnings. Continued strength in the company’s Prepared Foods segment and a favorable mix should support the growth. However, headwinds from tariffs, oversupply in the Pork segment, and weak demand for chicken will likely have a negative impact on the company’s financials in the near term.
Pilgrim's Pride (PPC) top line benefits from upsides in the U.S., Mexico and European segments in Q2. However, it continues to witness escalated costs.
Pilgrim's Pride (PPC) delivered earnings and revenue surprises of -1.85% and -1.64%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Greeley, Colorado-based company said it had net income of 43 cents. Earnings, adjusted for non-recurring costs and to extinguish debt, were 53 cents per share. The poultry producer ...
GREELEY, Colo., Aug. 01, 2018-- Pilgrim’ s Pride Corporation reports second quarter 2018 financial results.. Net Sales of $2.84 billion, +3.1% vs same quarter last year. Net Income of $106.5 million. Adjusted ...
Pilgrim's Pride (PPC) is likely to continue gaining from strength in Mexico and Europe businesses. However, volatile commodity costs may pose threats.
Pilgrim’s Pride Corporation (PPC) (the “Company”) announced today that it has entered into a Fourth Amended and Restated Credit Agreement (the “New Credit Agreement”). Terms of the New Credit Agreement consist of a $750.0 million revolving credit facility and a term loan commitment of $500.0 million. The Company used proceeds of the loans under the new term loan commitment, together with cash on hand, to repay the outstanding loans under the replaced credit facility. An expansion feature is included in the New Credit Agreement that provides the Company the opportunity to increase the whole facility for an additional $1.25 billion. The maturity date of the New Credit Agreement will be July 20, 2023. As of April 1, 2018, the Company had $770.0 million term loans outstanding, no outstanding revolving borrowings and letters of credit of $44.8 million under the replaced credit facility.
Pilgrim’s Pride Corporation (PPC) announced today that it will host its second quarter 2018 earnings conference call and webcast on Thursday, August 2, 2018 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team.