Pilgrim's Pride Corporation
- Open
- 28.16
- Day high
- 28.82
- Day low
- 27.88
- Prev close
- 27.93
- Volume
- 963K
- Mkt cap
- $6.8B
- P/E (TTM)
- 7.6
- EPS (TTM)
- $3.76
- P/B
- 1.8
- P/S
- 0.4
- Yield
- 7.37%
- Per share
- $2.10
Pilgrim's Pride Corporation (PPC) is a Consumer Defensive company listed on NASDAQ. The stock is down 39% over the past year. Drillr has 1 published research article covering PPC.
Pilgrim's Pride Corporation (PPC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PPC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.69 | $0.51 | -26.1% | $4.5B | +2.3% |
| Feb 11, 2026 | $0.78 | $0.62 | -20.5% | $4.5B | +4.0% |
| Oct 29, 2025 | $1.41 | $1.52 | +7.8% | $4.8B | +8.4% |
| Jul 30, 2025 | $1.57 | $1.70 | +8.3% | $4.8B | +2.9% |
| Apr 30, 2025 | $1.34 | $1.31 | -2.2% | $4.5B | +0.4% |
| Feb 12, 2025 | $1.13 | $1.35 | +19.5% | $4.4B | -6.6% |
| Oct 30, 2024 | $1.38 | $1.63 | +18.1% | $4.6B | -2.2% |
| Jul 31, 2024 | $1.30 | $1.67 | +28.5% | $4.6B | -1.4% |
| May 1, 2024 | $0.64 | $0.77 | +20.3% | $4.4B | -2.0% |
| Feb 26, 2024 | $0.40 | $0.59 | +47.5% | $4.5B | +1.2% |
| Oct 25, 2023 | $0.42 | $0.58 | +38.1% | $4.4B | +2.3% |
| Jul 26, 2023 | $0.28 | $0.44 | +57.1% | $4.3B | -0.3% |
PPC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 5, 2026 | vasconcellos wallim cruz de jrdirector | Grant | 1,927 | — |
| May 5, 2026 | Padilla Rauldirector | Grant | 1,927 | — |
| May 5, 2026 | Maestri Karoleski Joanita Mariadirector | Grant | 1,927 | — |
| May 5, 2026 | Andre Nogueira de Souzadirector | Grant | 1,927 | — |
| May 5, 2026 | Celis Arquimedesdirector | Grant | 1,927 | — |
| May 5, 2026 | Batista Wesley Mendoncadirector, 10 percent owner: | Grant | 1,927 | — |
| May 5, 2026 | Aslam Farhadirector | Grant | 1,927 | — |
| May 5, 2026 | Batista Joesley Mendoncadirector, 10 percent owner: | Grant | 1,927 | — |
| May 5, 2026 | Tomazoni Gilbertodirector | Grant | 1,927 | — |
| Mar 4, 2026 | Galvanoni Matthew Rofficer: Chief Financial Officer | Option | 1,637 | — |
| Mar 4, 2026 | Galvanoni Matthew Rofficer: Chief Financial Officer | Grant | 15,694 | — |
| Mar 4, 2026 | Galvanoni Matthew Rofficer: Chief Financial Officer | Option | 1,972 | — |
| Mar 4, 2026 | Sandri Fabioofficer: President and CEO | Option | 1,754 | — |
| Mar 4, 2026 | Sandri Fabioofficer: President and CEO | Grant | 30,181 | — |
| Mar 4, 2026 | Sandri Fabioofficer: President and CEO | Option | 3,794 | — |
Source: PPC SEC Form 4 filings, latest May 5, 2026. For informational purposes only — not investment advice.
See the full PPC insider & 13F page →PPC research & analysis
Pilgrim's Pride Corporation company profile
Overview
Pilgrim's Pride Corporation (NASDAQ:PPC) is one of the world's largest poultry producers, founded in 1946 and headquartered in Greeley, Colorado. The company operates as a subsidiary of JBS S.A., the Brazilian multinational food processing corporation. Originally established as a small chicken operation, Pilgrim's Pride has grown through decades of expansion and acquisitions to become a major integrated poultry producer with operations spanning the United States, United Kingdom, Continental Europe, Mexico, and export markets worldwide. The company went public in 1987 and has evolved from a regional chicken producer into a diversified protein company offering fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators globally.
Business
Pilgrim's Pride operates in the integrated poultry production industry, which encompasses the entire supply chain from breeding and hatching to processing and distribution of chicken products. The company is involved in what's known as "farm-to-fork" operations, controlling every aspect of production including feed mills, hatcheries, grow-out farms, processing plants, and distribution networks. The company's core business revolves around chicken production and processing, offering a comprehensive range of products from basic commodity chicken to premium value-added offerings. Their product portfolio includes fresh products such as whole chickens, breast fillets, and pre-marinated chicken; prepared products including portion-controlled fillets, nuggets, patties, and delicatessen items; and frozen products for both domestic and export markets. The company also produces pork products in certain markets, particularly in Europe, including primary pork cuts, sausages, bacon, and various processed meat products. Pilgrim's Pride operates through three main geographic segments: 1. **United States operations** generate approximately 60% of total revenues, focusing on large-scale commodity production, case-ready products for retail, and prepared foods for foodservice customers. 2. **European operations** (primarily UK) contribute roughly 25% of revenues, emphasizing branded consumer products, innovation, and prepared foods with strong market positions in retail chains. 3. **Mexican operations** account for approximately 15% of revenues, serving both domestic markets and export opportunities while expanding branded offerings and prepared foods capacity. The integrated poultry industry requires significant capital investment in facilities, equipment, and live production assets. Companies must manage complex biological processes, from breeding chickens with optimal genetics to maintaining proper nutrition, health, and housing conditions throughout the production cycle. The industry is characterized by thin margins on commodity products, driving companies toward value-added and branded offerings that command premium pricing.
Revenue model
Pilgrim's Pride generates revenue primarily through product sales to three main customer categories. The company sells directly to retail customers including grocery store chains, wholesale clubs, and retail distributors who purchase case-ready packaged products for consumer sale. Foodservice customers represent another major revenue stream, encompassing chain restaurants, food processors, broad-line distributors, and institutional buyers who purchase both commodity and prepared chicken products. The company also serves export markets, selling frozen whole chickens and chicken parts to international distributors. The business model is built on integrated operations that control costs and ensure quality throughout the supply chain. By owning feed mills, the company can manage grain procurement and feed formulation. Company-owned hatcheries and breeding operations provide control over genetics and chick supply. Contract growers raise chickens under company supervision using company-provided feed and veterinary services, while company-owned processing facilities handle slaughter, processing, and packaging. Revenue generation varies significantly based on several key factors. Commodity pricing cycles heavily influence profitability, as chicken prices fluctuate based on supply and demand dynamics, competing protein prices (particularly beef and pork), and export market conditions. Feed costs, primarily corn and soybean meal, represent the largest input cost and directly impact margins - favorable grain markets can dramatically improve profitability while high grain costs squeeze margins. Operational efficiency factors such as live bird performance, processing yields, and labor productivity significantly affect unit costs. The company has increasingly focused on value-added and branded products that command premium pricing over commodity chicken. Products like Just Bare (antibiotic-free chicken), Pilgrim's branded offerings, and prepared foods generate higher margins than basic commodity chicken parts. Geographic diversification helps mitigate regional market volatility, while the mix between retail and foodservice sales affects both pricing and volume stability. Retail sales typically offer more stable pricing but require different packaging and distribution capabilities, while foodservice sales may have more volatile pricing but offer opportunities for customized products and larger volume orders.
Competitive moat
Pilgrim's Pride operates in a commodity-intensive industry with limited sustainable competitive advantages, though the company has developed several defensive characteristics that provide modest protection. The company's primary moat comes from its scale and integration advantages as one of the largest poultry producers globally. This scale provides purchasing power for feed ingredients, operational efficiencies in processing, and the ability to serve large national customers that smaller competitors cannot accommodate. The company's integrated supply chain model offers some protection by controlling costs and quality from feed production through final processing. This integration reduces reliance on external suppliers and provides more predictable cost structures compared to non-integrated competitors. Additionally, Pilgrim's geographic diversification across the US, Europe, and Mexico provides some insulation from regional market disruptions and allows the company to optimize production based on local market conditions. However, the company's moat is relatively narrow given the commodity nature of much of its business. Barriers to entry exist primarily in the form of high capital requirements for integrated operations and regulatory complexity, but these are not insurmountable for well-capitalized competitors. The chicken industry faces ongoing consolidation, and Pilgrim's Pride competes directly with other large integrated producers like Tyson Foods, Perdue Farms, and Sanderson Farms. The company's strongest competitive position lies in its customer relationships and branded offerings. Long-term partnerships with major retail chains and foodservice customers create some switching costs and relationship advantages. The development of premium branded products like Just Bare and various prepared foods offerings provides differentiation from pure commodity producers, though these products still face significant competition from both traditional poultry companies and newer entrants in the natural/organic chicken space. Potential disruption could come from several sources: plant-based protein alternatives gaining market share, lab-grown meat technologies eventually reaching commercial viability, or significant consolidation among competitors creating larger, more efficient rivals. Additionally, the company's position as a subsidiary of JBS creates both advantages (access to capital and global expertise) and potential risks (exposure to parent company issues or strategic changes).
Risks & safety
Pilgrim's Pride demonstrates a solid financial position with adequate margin of safety, though typical of the capital-intensive poultry industry. **Liquidity and Solvency:** - Strong cash position of $2.07 billion as of Q1 2025 - Current ratio of 1.35x indicates adequate short-term liquidity - Debt-to-equity ratio of 1.10x represents moderate leverage levels - Free cash flow generation of $1.51 billion in FY 2024 demonstrates strong cash conversion - No immediate solvency concerns given strong cash generation and available credit facilities **Valuation Metrics:** - Trading at 10.9x trailing P/E ratio, reasonable for a cyclical business - EV/EBITDA of 8.8x appears fair given current profitability levels - Price-to-book ratio of 4.1x reflects premium to tangible assets but reasonable for integrated operations - Graham number of $19.26 suggests modest undervaluation at current price of $46.75 **Other Considerations:** - Cyclical industry with commodity price exposure creates earnings volatility - Strong operational cash flow provides buffer against market downturns - Geographic and product diversification reduces concentration risk - Subsidiary status under JBS provides financial backing but limits strategic flexibility
Recent development
Over the past few years, Pilgrim's Pride has executed several key strategic initiatives focused on portfolio diversification and operational excellence. The company has significantly expanded its value-added and branded product offerings, with branded sales growing substantially - Just Bare brand achieved over 20% growth in net sales during 2024, while European branded offerings like Richmond and Fridge Raiders consistently outperformed market growth rates. The company has invested heavily in capacity expansion and modernization, particularly in Mexico where new production facilities in the Merida region are being developed to serve growing domestic and export markets. In the US, the Athens, Georgia facility expansion was completed to support key customer growth, while European operations underwent significant network optimization and back-office integration to improve efficiency and margins. Operational excellence initiatives have been a major focus, delivering over $100 million in improvements in 2024 alone. These efforts include enhanced live bird management to address industry-wide challenges with new chicken genetics, improved processing yields, and better cost management across all segments. The company has also made substantial investments in sustainability, targeting Net Zero emissions by 2040 and achieving a 17% reduction in Scope 1 and 2 emissions since 2019. Pilgrim's Pride has pursued geographic expansion and market development, particularly in Mexico where the company is positioning itself to become a broader food company beyond just chicken. The Mexican operations have shown strong growth in branded offerings, with Pilgrim's brand growing 20% and Favoritos brand growing 60% in recent quarters. The company has also maintained its export capabilities, adapting to changing international trade dynamics and market opportunities. Recent earnings calls indicate management's focus on capital allocation optimization, including the payment of a special dividend of $1.5 billion in April 2025, demonstrating confidence in cash generation capabilities while maintaining investment in growth opportunities. The company continues to explore potential acquisitions in chicken markets, prepared foods, and new geographies while maintaining financial flexibility.
PPC company profile · for informational purposes only — not investment advice.
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