New insider activity at Pilgrim’s Pride ( (PPC) ) has taken place on February 21, 2025.
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CFO Matthew Galvanoni recently sold 5,483 shares of Pilgrim’s Pride stock, amounting to a total transaction value of $286,815.
Recent Updates on PPC stock
In the last 24 hours, Pilgrim’s Pride Corp reported its Q4 2024 earnings, showcasing strong financial performance with net revenues of $4.4 billion and an adjusted EBITDA of $526 million. The positive earnings call highlighted the company’s strategic diversification, operational efficiency, and robust market presence across the U.S., Europe, and Mexico. Improvements in U.S. operations, particularly in the Fresh portfolio, and margin expansions in Europe and Mexico were noted. However, challenges such as hatchability issues and weather-related disruptions were acknowledged. The company also reported significant litigation and pension settlement charges. Despite these challenges, the outlook remains optimistic due to strong demand for chicken products and strategic growth initiatives. Analysts’ price target changes are influenced by these mixed results, balancing robust financial metrics with operational challenges.
More about Pilgrim’s Pride
YTD Price Performance: 12.45%
Average Trading Volume: 1,100,655
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.37B