Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, rest of Europe, the Middle East, Asia, and internationally. The company offers fresh chicken and pork products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chickens; frozen whole chickens; breast and mini breast fillets; pork cuts; added value pork and pork ribs; and prepackaged case-ready chickens, such as whole chickens and chicken parts. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts; and exported chicken and pork products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride Chicken, Pierce Chicken, Pilgrim's Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, and O'Kane brands. Pilgrim's Pride Corporation sells its products to the foodservice market principally consists of chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprise primarily grocery store chains, wholesale clubs, and other retail distributors. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation is a subsidiary of JBS S.A.
IPO Year:
Exchange: NASDAQ
Website: pilgrims.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | $43.00 | Equal-Weight | Stephens |
| 8/15/2024 | $47.00 | Buy → Neutral | BofA Securities |
| 8/12/2024 | $46.00 | Outperform → Market Perform | BMO Capital Markets |
| 6/18/2024 | $41.00 | Buy | Argus |
| 4/16/2024 | $35.00 → $38.00 | Overweight → Equal Weight | Barclays |
| 7/13/2023 | $26.00 → $28.00 | Market Perform → Outperform | BMO Capital Markets |
| 4/28/2023 | $26.00 | Neutral → Buy | BofA Securities |
| 4/14/2023 | $26.00 | Market Perform | BMO Capital Markets |
| 3/10/2022 | $30.00 | Market Perform → Outperform | BMO Capital |
| 2/28/2022 | $28.00 | Neutral | BofA Securities |
8-K - PILGRIMS PRIDE CORP (0000802481) (Filer)
PRE 14A - PILGRIMS PRIDE CORP (0000802481) (Filer)
8-K - PILGRIMS PRIDE CORP (0000802481) (Filer)
10-Q - PILGRIMS PRIDE CORP (0000802481) (Filer)
DEF 14A - PILGRIMS PRIDE CORP (0000802481) (Filer)
10-K - PILGRIMS PRIDE CORP (0000802481) (Filer)
8-K - PILGRIMS PRIDE CORP (0000802481) (Filer)
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Argus Research analyst John Staszak maintains Pilgrims Pride (NASDAQ:PPC) with a Buy and raises the price target from $41 to $50.
B of A Securities analyst Peter Galbo maintains Pilgrims Pride (NASDAQ:PPC) with a Buy and raises the price target from $40 to $42.
Tyson Foods, Inc. (NYSE:TSN) announced its agreement to sell its poultry complex in Vienna, Georgia, to House of Raeford Farms. The financial details of the transaction were not revealed. This move is part of Tyson Foods’ ongoing strategy to optimize its plant network. Despite the sale, Tyson Foods will continue to meet customer demands through its other production facilities. House of Raeford Farms plans to maintain operations at the Vienna complex, utilizing the existing workforce and grower network. The sale is contingent on standard closing conditions, including approval from U.S. regulators. House of Raeford Farms has assured that the current workforce and grower network will r
Shares of Pilgrim's Pride Corp (NASDAQ:PPC) remained highly volatile in early trading on Tuesday. The company is facing high demand for chicken from both full-service restaurants and fast-food chains due to beef shortages, according to Argus Research. The Pilgrim's Pride Analyst: John Staszak initiated coverage of Pilgrim's Pride with a Buy rating and price target of $41. The Pilgrim's Pride Thesis: The company should be able to generate low single-digit supply growth over the next five years, Staszak said in the initiation note. Check out other analyst stock ratings. Chicken sales could exceed sales of other proteins, like beef, pork and turkey, in mature markets, such as the
Argus Research analyst John Staszak initiates coverage on Pilgrims Pride (NASDAQ:PPC) with a Buy rating and announces Price Target of $41.
Pilgrims Pride (NASDAQ:PPC) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.64 by 20.31 percent. This is a 862.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $4.362 billion which missed the analyst consensus estimate of $4.450 billion by 1.97 percent. This is a 4.70 percent increase over sales of $4.166 billion the same period last year.
Goldman Sachs analyst Adam Samuelson maintains Pilgrims Pride (NASDAQ:PPC) with a Neutral and raises the price target from $32 to $36.
Barclays analyst Duffy Fischer downgrades Pilgrims Pride (NASDAQ:PPC) from Overweight to Equal-Weight and raises the price target from $35 to $38.
B of A Securities analyst Peter Galbo maintains Pilgrims Pride (NASDAQ:PPC) with a Buy and raises the price target from $36 to $40.
Goldman Sachs analyst Adam Samuelson maintains Pilgrims Pride (NASDAQ:PPC) with a Neutral and raises the price target from $29 to $32.
TORONTO, ON / ACCESSWIRE / June 27, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the results of its annual and special meeting held on June 26, 2024 (the "Meeting"). At the Meeting, shareholders approved the appointment of Baker Tilly WM LLP, Chartered Accountants, as auditor of the Corporation, the expansion of the Board of Directors to seven persons and the election of all of management's nominees to the Board. Joining Steve Durbin, Dr. Henry Sandri, Megan McElwain, John Kutkevicius and Brian Savage on the Board are Dr. Quinton Hennigh and Tyson Hall, two individuals with strong backgrounds in, among other things, the mining,
TORONTO, ON / ACCESSWIRE / June 3, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce that Dr. Quinton Hennigh and Mr. Tyson Hall will stand for election as directors at the Company's upcoming annual general and special meeting to be held on June 26, 2024 at 12 noon EST (the "Meeting"), along with incumbents Brian Savage (also CEO), Dr. Henry Sandri, John Kutkevicius, Megan McElwain and Steve Durbin."We are extremely pleased that Dr. Hennigh and Mr. Hall have agreed to join our board," said Oliver Lennox-King, Chair of EML. "The expansion of the EML board reflects the growth and strategic initiatives of the Company as we further advan
GREELEY, Colo., June 06, 2022 (GLOBE NEWSWIRE) -- JBS USA today named Karla Thieman to its executive leadership team as senior vice president, public policy and government affairs. In this newly created role, she will have oversight of U.S. public policy and government relations strategies for JBS USA and Pilgrim's Pride Corporation (NASDAQ:PPC). Thieman will be based in Washington, D.C., where she will lead the establishment of a new office and government relations team to support the company's continued growth and evolution as a leading global food company. "Karla is one of the brightest, most thoughtful minds in all of agricultural policy today," said Cameron Bruett, JBS USA h
OMAHA, Neb., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ:GPRE) today announced the appointment of Farha Aslam to its Board of Directors (the "Board") as an independent director, effective Oct. 26, 2021. Ms. Aslam's appointment fills the vacancy created by the retirement of Gene Edwards from the Board in August 2021. Ms. Aslam is a leading expert in agribusiness, having covered the sector for more than two decades as an analyst for firms including Merrill Lynch & Co. and Stephens Inc. She is currently Managing Partner of Crescent House Capital, an advisory practice she founded that develops operating and investment strategies for companies, investors, and service providers
GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 11.1%.GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.Adjusted EBITDA of $660.4 million, or a 14.4% margin.Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced mix. Overall chicken demand was strong given competitive pricing and value delivered to the consumer, w
GREELEY, Colo., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Pilgrim's (NASDAQ:PPC), a leading global food company, today announced the release of its 2023 Sustainability Report, which includes highlights and achievements from the past year across the company's global operations. The report details advancements in critical areas of sustainability in the United States, Puerto Rico, Mexico, Europe and the United Kingdom. Pilgrim's produces high-quality poultry, pork, retail-ready, and prepared foods products, while focusing on meeting needs in the local communities where its team members live and work. As a global food company, Pilgrim's has the opportunity and responsibility to lead sustainable chang
GREELEY, Colo., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its third quarter 2024 financial results after the U.S. market closes on Wednesday, October 30. The company's executives will review the results on a conference call and webcast on Thursday, October 31, 2024, at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registrat
GREELEY, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest food companies, reports its second quarter 2024 financial results. Second Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 9.7%.GAAP Net Income of $326.5 million and GAAP EPS of $1.37. Adjusted Net Income of $398.0 million or Adjusted EPS of $1.67.Adjusted EBITDA of $655.9 million, or a 14.4% margin, with Adjusted EBITDA margins of 16.7% in the U.S., 7.4% in Europe, and 19.4% in Mexico.Our U.S. fresh portfolio continued to strengthen given enhanced market conditions and disciplined execution of our strategies. Case Ready and Smal
GREELEY, Colo., July 10, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its second quarter 2024 financial results after the U.S. market closes on Wednesday, July 31. The company's executives will review the results on a conference call and webcast on Thursday, August 1, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with the Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may
TORONTO, ON / ACCESSWIRE / June 27, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the results of its annual and special meeting held on June 26, 2024 (the "Meeting"). At the Meeting, shareholders approved the appointment of Baker Tilly WM LLP, Chartered Accountants, as auditor of the Corporation, the expansion of the Board of Directors to seven persons and the election of all of management's nominees to the Board. Joining Steve Durbin, Dr. Henry Sandri, Megan McElwain, John Kutkevicius and Brian Savage on the Board are Dr. Quinton Hennigh and Tyson Hall, two individuals with strong backgrounds in, among other things, the mining,
TORONTO, ON / ACCESSWIRE / June 3, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce that Dr. Quinton Hennigh and Mr. Tyson Hall will stand for election as directors at the Company's upcoming annual general and special meeting to be held on June 26, 2024 at 12 noon EST (the "Meeting"), along with incumbents Brian Savage (also CEO), Dr. Henry Sandri, John Kutkevicius, Megan McElwain and Steve Durbin."We are extremely pleased that Dr. Hennigh and Mr. Hall have agreed to join our board," said Oliver Lennox-King, Chair of EML. "The expansion of the EML board reflects the growth and strategic initiatives of the Company as we further advan
GREELEY, Colo., May 01, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its first quarter 2024 financial results. First Quarter Highlights Net Sales of $4.4 billion.Consolidated GAAP operating income margin of 5.7%.GAAP Net Income of $174.9 million and GAAP EPS of $0.73. Adjusted Net Income of $182.9 million or Adjusted EPS of $0.77.Adjusted EBITDA of $371.9 million, or a 8.5% margin, with adjusted EBITDA margins of 9.4% in the U.S., 6.4% in Europe, and 9.2% in Mexico.Our diversified U.S. fresh portfolio continues to demonstrate its strength with dynamic market conditions, through increased partnership with Key Cust
GREELEY, Colo., April 10, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its first quarter 2024 financial results after the U.S. market closes on Wednesday, May 1. The company's executives will review the results on a conference call and webcast on Thursday, May 2, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be compl
GREELEY, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2023 financial results. 2023 Highlights Net Sales of $17.4 billion.Consolidated GAAP Operating Income margin of 3.0%.GAAP Net Income of $321.6 million and GAAP EPS of $1.36. Adjusted Net Income of $400.3 million, or adjusted EPS of $1.69.Adjusted EBITDA of $1.0 billion, or a 6.0% margin, with adjusted EBITDA margins of 5.3% in the U.S., 6.1% in the U.K. and Europe, and 8.7% in Mexico.Our U.S. fresh portfolio demonstrated its resiliency, overcoming challenging supply and demand fundamentals and elevated input
GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 11.1%.GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.Adjusted EBITDA of $660.4 million, or a 14.4% margin.Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced mix. Overall chicken demand was strong given competitive pricing and value delivered to the consumer, w
GREELEY, Colo., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its third quarter 2024 financial results after the U.S. market closes on Wednesday, October 30. The company's executives will review the results on a conference call and webcast on Thursday, October 31, 2024, at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registrat
GREELEY, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest food companies, reports its second quarter 2024 financial results. Second Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 9.7%.GAAP Net Income of $326.5 million and GAAP EPS of $1.37. Adjusted Net Income of $398.0 million or Adjusted EPS of $1.67.Adjusted EBITDA of $655.9 million, or a 14.4% margin, with Adjusted EBITDA margins of 16.7% in the U.S., 7.4% in Europe, and 19.4% in Mexico.Our U.S. fresh portfolio continued to strengthen given enhanced market conditions and disciplined execution of our strategies. Case Ready and Smal
GREELEY, Colo., July 10, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its second quarter 2024 financial results after the U.S. market closes on Wednesday, July 31. The company's executives will review the results on a conference call and webcast on Thursday, August 1, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with the Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may
GREELEY, Colo., May 01, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its first quarter 2024 financial results. First Quarter Highlights Net Sales of $4.4 billion.Consolidated GAAP operating income margin of 5.7%.GAAP Net Income of $174.9 million and GAAP EPS of $0.73. Adjusted Net Income of $182.9 million or Adjusted EPS of $0.77.Adjusted EBITDA of $371.9 million, or a 8.5% margin, with adjusted EBITDA margins of 9.4% in the U.S., 6.4% in Europe, and 9.2% in Mexico.Our diversified U.S. fresh portfolio continues to demonstrate its strength with dynamic market conditions, through increased partnership with Key Cust
GREELEY, Colo., April 10, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its first quarter 2024 financial results after the U.S. market closes on Wednesday, May 1. The company's executives will review the results on a conference call and webcast on Thursday, May 2, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be compl
GREELEY, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2023 financial results. 2023 Highlights Net Sales of $17.4 billion.Consolidated GAAP Operating Income margin of 3.0%.GAAP Net Income of $321.6 million and GAAP EPS of $1.36. Adjusted Net Income of $400.3 million, or adjusted EPS of $1.69.Adjusted EBITDA of $1.0 billion, or a 6.0% margin, with adjusted EBITDA margins of 5.3% in the U.S., 6.1% in the U.K. and Europe, and 8.7% in Mexico.Our U.S. fresh portfolio demonstrated its resiliency, overcoming challenging supply and demand fundamentals and elevated input
GREELEY, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its fourth quarter and fiscal year 2023 financial results on Monday, Feb. 26. The company's executives will review the results on a conference call and webcast at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with the Pilgrim's executive management team. A press release and supplemental materials will be issued before the market opens that morning. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the
GREELEY, Colo., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest poultry producers, reports its third quarter 2023 financial results. Third Quarter Highlights Net Sales of $4.4 billion.GAAP Net Income of $121.6 million and GAAP EPS of $0.51. Adjusted Net Income of $136.7 million or Adjusted EPS of $0.58.Consolidated GAAP operating income margin of 4.7%.Adjusted EBITDA of $324.0 million, or a 7.4% margin, with adjusted EBITDA margins of 7.0% in the U.S., 6.1% in the U.K. & Europe, and 12.4% in Mexico.Our global and diversified portfolio drove improved margins across all regions relative to prior quarter given results from operational e
GREELEY, Colo., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC) announced today that it will release its third quarter of 2023 financial results after the U.S. market closes on Wednesday, October 25. The company's executives will review the results on a conference call and webcast on Thursday, October 26, 2023 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company's financial and operational results will be followed by a question and answer period with Pilgrim's executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration ma
Stephens resumed coverage of Pilgrim's Pride with a rating of Equal-Weight and set a new price target of $43.00
BofA Securities downgraded Pilgrim's Pride from Buy to Neutral and set a new price target of $47.00
BMO Capital Markets downgraded Pilgrim's Pride from Outperform to Market Perform and set a new price target of $46.00
Argus initiated coverage of Pilgrim's Pride with a rating of Buy and set a new price target of $41.00
Barclays downgraded Pilgrim's Pride from Overweight to Equal Weight and set a new price target of $38.00 from $35.00 previously
BMO Capital Markets upgraded Pilgrim's Pride from Market Perform to Outperform and set a new price target of $28.00 from $26.00 previously
BofA Securities upgraded Pilgrim's Pride from Neutral to Buy and set a new price target of $26.00
BMO Capital Markets resumed coverage of Pilgrim's Pride with a rating of Market Perform and set a new price target of $26.00
BMO Capital upgraded Pilgrims Pride from Market Perform to Outperform and set a new price target of $30.00
BofA Securities resumed coverage of Pilgrim's Pride with a rating of Neutral and set a new price target of $28.00