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Joy Hu
Joy Hu
Articles (372) 

52-Week Company Lows

Pilgrim's Pride presents buying opportunity

August 02, 2020 | About:

According to GuruFocus, the following stock reached a 52-week low recently.

Pilgrim’s Pride

The price of Pilgrims Pride Corp. (NASDAQ:PPC) shares declined to close to the 52-week low of $15.35, which is 55.8% off the 52-week high of $33.67. The company has a market cap of $3.79 billion.

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Its shares traded with a price-earnings ratio of 14.51 and a price-sales ratio of 0.33.

Pilgrim's Pride is the second-largest poultry producer in the U.S. (67% of 2019 sales), the U.K. (21%) and Mexico (12%). The 2019 purchase of Tulip Ltd., the U.K.'s largest hog producer, marks the company's entrance into the pork market, which is expected to represent about 10% of sales. Pilgrim sells its protein to chain restaurants, food processors and retail chains under brand names such as Pilgrim's, Country Pride, Gold'n Plump and Just Bare. Channel exposure is split evenly between retail and food service, with the majority of food-service revenue coming from quick-service restaurants. JBS owns 79% of Pilgrim's outstanding shares.

The second-quarter net loss was $6.03 million compared to net income of $170.07 million for the comparable quarter of 2019.

Go here for the complete list of 52-week lows.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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