Pilgrim’s Pride Co. (PPC) to Distribute Special Dividend of $6.30 on April 24th

Pilgrim’s Pride Co. (NASDAQ:PPC) declared a special dividend on Friday, March 14th, RTT News reports. Investors of record on Thursday, April 3rd will be given a dividend of 6.30 per share on Thursday, April 24th. This is a 129.1% increase from Pilgrim’s Pride’s previous special dividend of $2.75.

Pilgrim’s Pride Stock Performance

Pilgrim’s Pride stock opened at $49.62 on Friday. The stock’s 50-day moving average is $49.69 and its 200-day moving average is $48.18. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 10.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. Pilgrim’s Pride has a 12 month low of $33.25 and a 12 month high of $57.16.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PPC shares. StockNews.com lowered Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Santander began coverage on Pilgrim’s Pride in a research note on Wednesday, March 5th. They issued a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Company Profile

Pilgrim’s Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.