Since April 2020, the S&P 500 has delivered a total return of 92.8%. But one standout stock has nearly doubled the market - over the past five years, Pilgrim's Pride has surged 177% to $55.20 per share. Its momentum hasn’t stopped as it’s also gained 20.4% in the last six months, beating the S&P by 27.3%.
Uncover the potential of PILGRIM'S PRIDE CORP, an undervalued stock. NASDAQ:PPC maintains a strong financial position and offers an appealing valuation.
During an economic downturn, the demand for food, beverages, and other essential products and services remains constant or can even see an uptick while other areas of the economy experience a slowdown.
PILGRIM'S PRIDE CORP is a hidden gem, featuring undervaluation and robust fundamentals. NASDAQ:PPC showcases decent financial health and profitability, coupled with an attractive price.
Pilgrim's Pride reveals a capital strategy focused on boosting its financial standing and long-term value for shareholders. The company has approved a $6.30 per share special cash dividend, totaling $1.5 billion. The dividend will be paid in April 2025.
Chicken producer Pilgrim’s Pride (NASDAQ:PPC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.5% year on year to $4.37 billion. Its non-GAAP profit of $1.35 per share was 16.9% above analysts’ consensus estimates.
Pilgrim's Pride’s 17.7% return over the past six months has outpaced the S&P 500 by 8.5%, and its stock price has climbed to $46.46 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the perishable food industry, including Pilgrim's Pride (NASDAQ:PPC) and its peers.
In the evolving landscape of the food industry, a few companies stand out as trendsetters, setting the stage for robust growth in the coming year. Investors seeking exposure to the dynamic food space should pay close attention to these three stocks.
Chicken producer Pilgrim’s Pride (NASDAQ:PPC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 5.2% year on year to $4.58 billion. Its non-GAAP profit of $1.63 per share was 18.1% above analysts’ consensus estimates.
