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PPC Pilgrim`s Pride

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
IRS number
751285071

PPC stock data

(
)

Calendar

28 Jul 21
2 Aug 21
26 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 490.02M 490.02M 490.02M 490.02M 490.02M 490.02M
Cash burn (monthly) (positive/no burn) 3.7M 41.04M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 4.55M 50.4M n/a n/a n/a
Cash remaining n/a 485.47M 439.61M n/a n/a n/a
Runway (months of cash) n/a 131.0 10.7 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 Apr 21 Matthew R Galvanoni Common Stock, par value $0.01 per share Sell Dispose S No No 24.159 2,951 71.29K 6,508
1 Apr 21 Matthew R Galvanoni Common Stock, par value $0.01 per share Grant Aquire A No No 0 9,459 0 9,459

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

15.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 201 203 -1.0%
Opened positions 30 39 -23.1%
Closed positions 32 27 +18.5%
Increased positions 55 62 -11.3%
Reduced positions 77 72 +6.9%
13F shares
Current Prev Q Change
Total value 1.27B 766.04M +65.8%
Total shares 38.53M 39.08M -1.4%
Total puts 185.4K 358.1K -48.2%
Total calls 257K 253.8K +1.3%
Total put/call ratio 0.7 1.4 -48.9%
Largest owners
Shares Value Change
Vanguard 5.06M $120.49M +8.4%
BLK Blackrock 4.5M $107.17M +4.7%
LSV Asset Management 4.35M $103.56M -0.0%
Dimensional Fund Advisors 2.12M $50.65M +6.3%
GS Goldman Sachs 1.68M $39.94M +2.2%
Personal Capital Advisors 1.34M $31.91M -14.0%
Balyasny Asset Management 1.29M $30.63M +141.8%
STT State Street 1.14M $27.18M -0.2%
Jacobs Levy Equity Management 970.89K $23.1M +0.8%
Millennium Management 894.3K $21.28M -6.5%
Largest transactions
Shares Bought/sold Change
Balyasny Asset Management 1.29M +754.98K +141.8%
Norges Bank 0 -736.13K EXIT
PRU Prudential Financial 322.14K -396.5K -55.2%
Vanguard 5.06M +393.77K +8.4%
Point72 Asset Management 387.8K +387.8K NEW
Segall Bryant & Hamill 0 -329.51K EXIT
First Trust Advisors 544.47K -295.23K -35.2%
Personal Capital Advisors 1.34M -218.2K -14.0%
WFC Wells Fargo & Co. 238.43K -216.7K -47.6%
BLK Blackrock 4.5M +200.33K +4.7%

Financial report summary

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Risks
  • We are increasingly dependent on information technology, and our business and reputation could suffer if we are unable to protect our information technology systems against, or effectively respond to, cyber-attacks, other cyber incidents or security breaches or if our information technology systems are otherwise disrupted.
  • Our operations are subject to general risks of litigation.
Management Discussion
  • U.S. Reportable Segment. U.S. net sales generated in the three months ended June 27, 2021 increased $449.8 million, or 25.0%, from U.S. net sales generated in the three months ended June 28, 2020 primarily due to an increase in net sales per pound which contributed $447.7 million, or 24.9 percentage points, to the increase in net sales. The increase in net sales per pound was driven primarily from higher than average chicken commodity prices in the U.S. during the three months ended June 27, 2021. Also contributing to the increase in net sales was an increase from sales volume of $2.1 million, or 0.1 percentage points.
  • U.K. and Europe Reportable Segment. U.K. and Europe net sales generated in the three months ended June 27, 2021 increased $178.6 million, or 23.6%, from U.K. and Europe net sales generated in the three months ended June 28, 2020 primarily due to a favorable impact of foreign currency translation, an increase in net sales per pound and an increase in sales volume. The favorable impact of foreign currency translation contributed $103.6 million, or 13.7 percentage points, to the increase in net sales. The increase in sales volume contributed $61.5 million, or 8.1 percentage points, to the increase in net sales and was primarily driven by market recoveries in foodservice from the lessening of restrictions due to the COVID-19 pandemic from prior year. The increase in net sales per pound contributed $13.5 million, or 1.8 percentage points, to the increase in net sales and was primarily driven by changes to feed and other production input costs.
  • Mexico Reportable Segment. Mexico net sales generated in the three months ended June 27, 2021 increased $185.3 million, or 69.1%, from Mexico net sales generated in the three months ended June 28, 2020 primarily due to an increase in net sales per pound of $119.9 million, or 44.7 percentage points, and a favorable impact of foreign currency remeasurement of $63.6 million, or 23.7 percentage points. This increase in net sales per pound was driven primarily by higher live chicken commodity prices in Mexico during the three months ended June 27, 2021 in comparison to the three months ended June 28, 2020. Also contributing to the increase in net sales was an increase from sales volume of $1.8 million, or 0.7 percentage points.
Content analysis
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