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Pilgrim`s Pride (PPC)

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
CEO
Jayson Penn
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months

Calendar

27 Jul 22
12 Aug 22
25 Dec 22
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

Beta Read what these cash burn values mean

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
99.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 230 244 -5.7%
Opened positions 47 36 +30.6%
Closed positions 61 27 +125.9%
Increased positions 73 78 -6.4%
Reduced positions 72 82 -12.2%
13F shares Current Prev Q Change
Total value 1.11B 5.66B -80.3%
Total shares 237.76M 238.9M -0.5%
Total puts 1.16M 224.1K +418.2%
Total calls 1.53M 5.41M -71.7%
Total put/call ratio 0.8 0.0 +1728.0%
Largest owners Shares Value Change
PPC JBS Usa Holding Lux S.a R.L. 195.45M $0 0.0%
Vanguard 5.94M $149.2M +5.6%
BLK Blackrock 4.46M $112.07M +9.9%
Dimensional Fund Advisors 2.6M $65.2M +0.0%
GS Goldman Sachs 2.06M $51.6M -8.8%
Empyrean Capital Partners 1.49M $37.44M NEW
STT State Street 1.27M $31.93M +2.6%
MS Morgan Stanley 1.22M $30.53M +934.5%
Islet Management 1.17M $29.38M +26.5%
Arrowstreet Capital, Limited Partnership 1.08M $27.03M +71.0%
Largest transactions Shares Bought/sold Change
TOMS Capital Investment Management 0 -2.35M EXIT
Empyrean Capital Partners 1.49M +1.49M NEW
TIG Advisors 249.85K -1.35M -84.4%
LSV Asset Management 363.89K -1.23M -77.2%
MS Morgan Stanley 1.22M +1.1M +934.5%
Candlestick Capital Management 1.08M +1.08M NEW
Fir Tree Capital Management 0 -1.03M EXIT
Millennium Management 1.07M +1M +1493.5%
Atlas FRM 850K +850K NEW
BAC Bank Of America 46.18K -768.52K -94.3%

Financial report summary

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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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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