Pilgrim's employs approximately 55,400 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K, and continental Europe. The Company's primary distribution is through retailers and foodservice distributors.
Company profile
Ticker
PPC
Exchange
Website
CEO
Jayson Penn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PILGRIM'S PRIDE CORPORATION • PFS Distribution Company • Pilgrim's Pride, LLC • Pilgrim's Pride Finance LLC • POPPSA 3, LLC • POPPSA 4, LLC • PPC Transportation Company • Merit Provisions, LLC • 40 North Foods, Inc. • PPC of Alabama, Inc. ...
IRS number
751285071
PPC stock data
Press releases
Pilgrim's Celebrates 2021 Sustainability Accomplishments
5 Aug 22
Pilgrim's Pride Reports Second Quarter 2022 Results with $4.63 Billion in Net Sales and Operating Income Margin of 11.1%
27 Jul 22
Pilgrim's Pride Corporation to Host Second Quarter 2022 Earnings Call on July 28, 2022
12 Jul 22
JBS USA Appoints Karla Thieman as Senior Vice President of Public Policy and Government Affairs
6 Jun 22
Analyst ratings and price targets
Calendar
27 Jul 22
12 Aug 22
25 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 722.62M | 722.62M | 722.62M | 722.62M | 722.62M | 722.62M |
| Cash burn (monthly) | 11.06M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 17.44M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 705.18M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 63.8 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Jun 22 | Sandri Fabio | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 34.4203 | 77,741 | 2.68M | 293,816 |
| 5 May 22 | Sandri Fabio | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 28.3888 | 171,000 | 4.85M | 371,557 |
| 28 Apr 22 | Karoleski Joanita Maria Maestri | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,245 | 0 | 4,676 |
| 28 Apr 22 | Aslam Farha | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,245 | 0 | 9,636 |
| 28 Apr 22 | vasconcellos wallim cruz de jr | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,245 | 0 | 12,422 |
Institutional ownership, Q1 2022
99.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 230 |
| Opened positions | 47 |
| Closed positions | 61 |
| Increased positions | 73 |
| Reduced positions | 72 |
| 13F shares | Current |
|---|---|
| Total value | 1.11B |
| Total shares | 237.76M |
| Total puts | 1.16M |
| Total calls | 1.53M |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| PPC JBS Usa Holding Lux S.a R.L. | 195.45M | $0 |
| Vanguard | 5.94M | $149.2M |
| BLK Blackrock | 4.46M | $112.07M |
| Dimensional Fund Advisors | 2.6M | $65.2M |
| GS Goldman Sachs | 2.06M | $51.6M |
| Empyrean Capital Partners | 1.49M | $37.44M |
| STT State Street | 1.27M | $31.93M |
| MS Morgan Stanley | 1.22M | $30.53M |
| Islet Management | 1.17M | $29.38M |
| Arrowstreet Capital, Limited Partnership | 1.08M | $27.03M |
Financial report summary
?Risks
- Our business may be negatively impacted by economic or other consequences from Russia’s war against Ukraine and the sanctions imposed as a response to that action.
Management Discussion
- U.S. Reportable Segment. U.S. net sales generated in the three months ended June 26, 2022 increased $651.4 million, or 29.0%, from U.S. net sales generated in the three months ended June 27, 2021 primarily due to an increase in net sales per pound which contributed $628.6 million, or 28.0 percentage points, to the increase in net sales. The increase in net sales per pound was driven primarily by higher-than-average market pricing for chicken and increases in price necessary to recover increased feed ingredients, labor, utilities and other operating costs during the three months ended June 26, 2022. Also contributing to the increase in net sales was an increase in sales volume of $22.8 million, or 1.0 percentage points.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
area, argument, cancelled, certified, channel, elevated, growing, index, liveweight, meaningful, NM, obstruction, official, persisted, pig, predetermined, restaurant, seasonality, Signatory, softening, staffing, steady, subchannel, tampering, Tyson
Removed:
AA, Absent, actuarial, allocation, annually, asserting, assuming, assumption, blue, bond, calculating, cap, category, charged, collar, collective, committee, correlated, create, curve, DAP, deducted, deficit, detailed, determine, developing, diversification, diversified, doubtful, empirical, estate, evaluate, evaluating, farm, fell, Fitch, funding, generational, improvement, incorporate, industrial, informed, invested, Investor, issue, larger, letter, longevity, Lynch, marketable, match, matching, Merrill, mild, mixture, moderate, modify, monitored, month, Moody, mortality, mutual, observation, offer, office, original, outperform, packaging, participant, perform, plc, pooled, Poor, portfolio, practice, preliminary, prevail, Pru, Prudential, quantified, rated, rating, real, registered, regulatory, riskier, role, scale, separately, serve, small, spot, statutory, strategy, string, trading, trust, UK, unfunded, unit, unsustainable, white, yield
Financial reports
Current reports
8-K
Regulation FD Disclosure
27 Jul 22
8-K
Second Quarter Highlights
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
2 May 22
8-K
Regulation FD Disclosure
27 Apr 22
8-K
First Quarter Highlights
27 Apr 22
8-K
Departure of Directors or Certain Officers
28 Mar 22
8-K
Other Events
8 Mar 22
8-K
Other Events
18 Feb 22
8-K
Pilgrim’s Pride Reports Fourth Quarter and Year-End 2021 Results with Solid Growth in Sales and Adjusted EBITDA
9 Feb 22
8-K
Regulation FD Disclosure
9 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
13 Mar 20
S-8
Registration of securities for employees
27 Feb 13
25
Voluntary exchange delisting
26 Dec 12
8-A12B
Registration of securities on exchange
26 Dec 12
S-8
Registration of securities for employees
8 Jul 12
S-8
Registration of securities for employees
16 Feb 12
FWP
Free writing prospectus
31 Jan 12
424B3
Prospectus supplement
5 Jan 12
FWP
Free writing prospectus
27 Dec 11
S-3/A
Shelf registration (amended)
27 Dec 11
Other
NO ACT
No action letter
24 Feb 16
UPLOAD
Letter from SEC
16 Sep 13
CORRESP
Correspondence with SEC
12 Sep 13
CORRESP
Correspondence with SEC
10 Sep 13
UPLOAD
Letter from SEC
5 Sep 13
EFFECT
Notice of effectiveness
29 Dec 11
EFFECT
Notice of effectiveness
9 Nov 11
CORRESP
Correspondence with SEC
6 Nov 11
CORRESP
Correspondence with SEC
19 Oct 11
UPLOAD
Letter from SEC
13 Oct 11
Ownership
4
PILGRIMS PRIDE / Fabio Sandri ownership change
6 Jun 22
4
PILGRIMS PRIDE / Raul Padilla ownership change
11 May 22
3
PILGRIMS PRIDE / Raul Padilla ownership change
11 May 22
4
PILGRIMS PRIDE / Fabio Sandri ownership change
9 May 22
4
PILGRIMS PRIDE / Ajay Menon ownership change
2 May 22
4
PILGRIMS PRIDE / Arquimedes Celis ownership change
2 May 22
4
PILGRIMS PRIDE / wallim cruz de vasconcellos jr ownership change
2 May 22
4
PILGRIMS PRIDE / Farha Aslam ownership change
2 May 22
4
PILGRIMS PRIDE / Karoleski Joanita Maria Maestri ownership change
2 May 22
4
PILGRIMS PRIDE / Matthew R Galvanoni ownership change
16 Mar 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
Reddit threads
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21 Feb 22
#afterhours #watchlist 02/17 $LTHM - earnings, $MTEK- Maris-Tech to Co-Develop Video-Based Advanced AI Systems, $RDFN -earning, $ISPO -no news , $APPN - earnings, $PPC - no news, $SHAK - earnings... Also check premarket runners and low float stocks in my app!
17 Feb 22