Pilgrim’s Pride (NASDAQ:PPC) Shares Up 7.9% – Here’s What Happened

Posted by George Bondi on Oct 2nd, 2026

Pilgrim’s Pride Corporation (NASDAQ:PPC – Get Free Report) shot up 7.9% on Friday. The stock traded as high as $26.99 and last traded at $27.1850. 738,982 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,311,518 shares. The stock had previously closed at $25.20.

Analyst Ratings Changes

PPC has been the topic of several research reports. UBS Group reissued a “neutral” rating on shares of Pilgrim’s Pride in a research report on Tuesday, September 22nd. Bank of America decreased their price target on Pilgrim’s Pride from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pilgrim’s Pride in a research report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.50.

Read Our Latest Stock Analysis on PPC

Pilgrim’s Pride Price Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.62. The business’s 50-day moving average price is $29.21 and its two-hundred day moving average price is $30.39. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 11.77 and a beta of 0.32.

Pilgrim’s Pride (NASDAQ:PPC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.70 billion. Pilgrim’s Pride had a net margin of 2.96% and a return on equity of 21.70%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. On average, research analysts forecast that Pilgrim’s Pride Corporation will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Pilgrim’s Pride

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in Pilgrim’s Pride during the second quarter worth about $11,122,000. Hsbc Holdings PLC acquired a new stake in shares of Pilgrim’s Pride during the 2nd quarter worth approximately $5,749,000. BlackRock Inc. acquired a new stake in shares of Pilgrim’s Pride during the 2nd quarter worth approximately $138,936,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Pilgrim’s Pride by 65.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 566,247 shares of the company’s stock worth $21,381,000 after purchasing an additional 223,256 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Pilgrim’s Pride by 724.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,365,157 shares of the company’s stock worth $38,375,000 after purchasing an additional 1,199,625 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Company Profile

(Get Free Report)

Pilgrim’s Pride Corporation (NASDAQ:PPC) is a food company that produces, processes, markets and distributes a broad range of poultry and prepared food products. Its offerings include fresh and frozen chicken, ready-to-cook and ready-to-eat products, deli items, snacks, and other value-added foods sold to retailers, foodservice operators and industrial customers.

The company markets products under brands that include Pilgrim’s, Just Bare, Gold’n Plump, Moy Park and Pilgrim’s Food Masters, along with private-label products.