Skip to Content
Morningstar

Pilgrims Pride Corp PPC

Morningstar Rating
Unlock
Stock XNAS Rating as of
$36.18 +0.82 (2.32%)
View Full Chart
As of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Pilgrim’s Pride Earnings: Already Pricing Recovery, Shares Fall After Hours Despite Profit Growth

Kristoffer Inton

No-moat Pilgrim’s Pride delivered strong first-quarter results amid favorable chicken market conditions. Net sales were nearly $4.4 billion, almost 5% higher than a year ago. Profitability was even better, with adjusted EBITDA of $372 million, nearly 1.5 times that of the year-ago quarter. This resulted in a 490-basis-point adjusted EBITDA margin expansion to 8.5%, buoyed by lower feed costs.

Read Full Report

Price vs Fair Value

View History
PPC is trading within a range we consider fairly valued.
Price
$35.39
Fair Value
$18.00
Uncertainty
High
1-Star Price
$54.64
5-Star Price
$48.60
Economic Moat
Lzhh
Capital Allocation
Yvhjgwcnc

Bulls Say, Bears Say

Bulls

As the second-largest producer, Pilgrim's should benefit from US health trends that favor chicken consumption in lieu of beef and pork.

Bears

Food is a competitive space, and Pilgrim’s Pride's undifferentiated commodity portfolio lacks brand power and faces constant price competition.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if PPC is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$35.36
Day Range
$33.72–36.41
52-Week Range
$19.96–36.47
Bid/Ask
$36.12 / $36.22
Market Cap
$8.57 Bil
Volume/Avg
589,523 / 711,710

Key Statistics

Price/Earnings (Normalized)
20.94
Price/Sales
0.48
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Pilgrim’s Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim’s Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS’ offer undervalued Pilgrim’s Pride.
Sector
Consumer Defensive
Industry
Packaged Foods
Stock Style Box
Small Core
Total Number of Employees
61,200
Website
https://www.pilgrims.com

Competitors

Valuation

View More
Metric
PPC
00288
HRL
Price/Earnings (Normalized)
 20.9418.4323.16
Price/Book Value
 2.520.962.46
Price/Sales
 0.480.361.59
Price/Cash Flow
 10.705.8216.26
Price/Earnings
PPC
00288
HRL

Financial Strength

Metric
PPC
00288
HRL
Quick Ratio
 0.800.650.77
Current Ratio
 1.681.641.49
Interest Coverage
 2.6310.3414.54
Quick Ratio
PPC
00288
HRL

Profitability

Metric
PPC
00288
HRL
Return on Assets (Normalized)
 4.16%5.54%6.23%
Return on Equity (Normalized)
 13.17%11.52%10.82%
Return on Invested Capital (Normalized)
 8.08%8.31%7.92%
Return on Assets
PPC
00288
HRL
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Packaged Foods Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NSRGY
Nestle SA ADRLjghccyprJyqx$262.8 Bil
KHC
The Kraft Heinz CoJsjdmdwVsxnp$44.1 Bil
DANOY
Danone SA ADRCklydkmtTfpyj$40.2 Bil
GIS
General Mills IncGzhrjtqmfwDlfcdk$39.5 Bil
MKC
McCormick & Co Inc Registered Shs Non VtgNcpwdtxhVzgw$20.0 Bil
K
Kellanova CoRdvxpdzgNzjprz$19.5 Bil
HRL
Hormel Foods CorpPmnxrrjnRplxhw$19.3 Bil
CAG
Conagra Brands IncThytxwhpWlrn$14.7 Bil
CPB
Campbell Soup CoBjskkrzhjGxyq$13.6 Bil
SJM
JM Smucker CoSfbzzWss$12.1 Bil

Sponsor Center