JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Fabio Sandri, President and CEO of Pilgrim’s Pride Corp (NASDAQ:PPC), recently sold 70,000 shares of the company’s common stock, according to a filing submitted to the Securities and Exchange Commission. The shares were sold at a weighted average price of approximately $45.83 per share, with the total transaction valued at around $3.2 million. The sale comes as the $10.9 billion market cap company trades at an attractive P/E ratio of 9x and shows strong financial health according to InvestingPro metrics. The sale was executed in multiple trades, with prices ranging from $45.52 to $46.29. Following this transaction, Sandri retains ownership of 290,930 shares in the company. The stock has delivered an impressive 51% return over the past year, with InvestingPro analysis suggesting the shares are currently undervalued, supported by a strong 13% free cash flow yield.
In other recent news, Pilgrim’s Pride Corp reported its first-quarter 2025 earnings, missing analyst expectations on both earnings per share (EPS) and revenue. The company posted an EPS of $1.31, which fell short of the projected $1.36, and reported revenue of $4.5 billion, below the anticipated $4.53 billion. Despite these misses, Pilgrim’s Pride experienced a 62% year-over-year increase in Adjusted EBITDA, reaching $533.2 million. The company continues to focus on product innovation and geographic expansion, particularly in the U.S. and European markets. Operational challenges, such as bird mortality, were highlighted as ongoing issues. Looking ahead, Pilgrim’s Pride plans to invest in capacity expansion in Mexico and the U.S., with a full-year capital expenditure estimate of approximately $750 million. The company also expects a net interest expense between $110 million and $120 million, with an anticipated effective tax rate of around 25%. Analyst discussions during the earnings call centered on these operational challenges and market dynamics, providing insights into Pilgrim’s Pride’s focus and future growth plans.
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