Bollinger Band Analysis Review of Pilgrim’s Pride Corporation (NASDAQ:PPC)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Pilgrim’s Pride Corporation (NASDAQ:PPC) for the period of 9-Day stands at 59.34% while the stochastic %D for the same period stands at 56.38%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Pilgrim’s Pride Corporation (NASDAQ:PPC) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Pilgrim’s Pride Corporation (NASDAQ:PPC) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Pilgrim’s Pride Corporation (NASDAQ:PPC)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Pilgrim’s Pride is one of the largest chicken companies in the US, Mexico and Puerto Rico. The company’s fresh chicken retail line is sold throughout the US, throughout Puerto Rico, and in the northern and central regions of Mexico. Its prepared chicken products meet the needs of some of the largest customers in the food service industry across the US. Additionally, the Company exports commodity chicken products to over 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The company operates feed mills, hatcheries, processing plants and distribution centers in US, Puerto Rico and Mexico.

Previous Day Activity Analysis

On the last trading day, Pilgrim’s Pride Corporation (NASDAQ:PPC) opened the session at $29 and after going up 0.72% closed at $29.33. The stock gained 0.33 points in the last trade.

Pilgrim’s Pride Corporation (NASDAQ:PPC)’s stock fluctuated in the range of $28.76 and $29.34 during the previous active session. Pilgrim’s Pride Corporation (NASDAQ:PPC) traded with the volume of 1.47 Million with average volume of 1.32 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.2 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.78 and 54.79 respectively.

Currently the Insider Ownership of the shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) is at 0.24% and the shares outstanding are 250.55 Million.

Important Ratio Analysis

Some important ratios to consider here for Pilgrim’s Pride Corporation (NASDAQ:PPC) are discussed below:

Dividend yield of Pilgrim’s Pride Corporation (NASDAQ:PPC) stands at 0% whereas Price to Earnings P/E ratio stands at 14.78 while Forward P/E shows the value of 10.75.

The Price to Sale P/S and Price to Book P/B shows the value of 0.89 and 6.09 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 24.18 and 17.09 correspondingly.

The Quick Ratio of Pilgrim’s Pride Corporation (NASDAQ:PPC) stands at 0.8 while the Current Ratio depicts the value of 1.8.

Return on Assets ROA of Pilgrim’s Pride Corporation (NASDAQ:PPC) is at 14.9% whereas, Return on Equity ROE and Return of Investment ROI of Pilgrim’s Pride Corporation (NASDAQ:PPC) stand at 50.1% and 25.3% respectively.

Stock Performance Analysis

The stock performance of Pilgrim’s Pride Corporation (NASDAQ:PPC) on the basis of 5 day trade show the jump of 1.24% whereas, the monthly performance of the stock shows decrease of -0.78%.

The quarterly performance of the stock remained in green zone with the value of 32.12% while six month performance of the shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) remained bullish with the count of 26.59%.

The yearly and YTD performance of Pilgrim’s Pride Corporation (NASDAQ:PPC) remained up at 41.55% and 54.45% respectively.