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Matthew R. Galvanoni, Chief Financial Officer of Pilgrim’s Pride Corp (NASDAQ:PPC), recently sold 5,483 shares of the company’s common stock. The company has demonstrated strong financial performance, with InvestingPro data showing an impressive 82% return over the past year and a robust financial health score of "GREAT." The transaction, which took place on February 18, amounted to a total value of $286,828, with shares sold at a price of $52.3124 each. This sale was executed to satisfy tax withholding requirements upon the vesting of restricted stock units previously reported as beneficially owned by Galvanoni. Following this transaction, Galvanoni retains direct ownership of 46,267 shares in Pilgrim’s Pride. The company currently trades at an attractive P/E ratio of 11.3 and maintains strong liquidity with a current ratio of 2.0. According to InvestingPro, there are 10 additional key insights available for investors seeking deeper analysis of PPC’s financial outlook.
In other recent news, Pilgrim’s Pride Corporation’s fourth-quarter 2024 earnings report revealed an earnings per share (EPS) of $1.35, exceeding the forecast of $1.12. However, the company did not meet revenue expectations, posting $4.37 billion against a projected $4.58 billion. Despite this revenue shortfall, the company achieved an adjusted EBITDA of $536 million for the quarter, reflecting a 12% margin. For the full year, Pilgrim’s Pride reported net revenues of $17.9 billion and an adjusted EBITDA of $2.2 billion. BMO Capital Markets has raised its price target for Pilgrim’s Pride to $47, maintaining a Market Perform rating. The firm’s analyst noted an optimistic outlook for U.S. chicken margins in the first half of 2025, though they expect margins to remain below last year’s levels due to rising feed costs and potential supply risks. The company also holds $2 billion in cash, with discussions anticipated on capital allocation during the upcoming Investor Day.
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