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
Website
CEO
Jayson Penn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
751285071
PPC stock data
()
News
Pilgrims Pride Late Wednesday Reported Q2 EPS $0.63 Beats $0.51 Estimate, Sales $3.64B Beat $3.22B Estimate
29 Jul 21
Earnings Scheduled For July 28, 2021
28 Jul 21
Pilgrim's To Acquire Kerry Consumer Foods' Meats And Meals Business For $952M
17 Jun 21
Barclays Maintains Overweight on Pilgrims Pride, Raises Price Target to $28
3 Jun 21
Stocks That Hit 52-Week Highs On Tuesday
18 May 21
Press releases
Pilgrim's Pride Reports Second Quarter 2021 Results with Strong Growth in Sales and Adjusted EBITDA Margins
28 Jul 21
JBS USA Announces New Global Sustainability Targets and Shares 2020 Accomplishments
20 Jul 21
Pilgrim's Pride Corporation to Host Second Quarter 2021 Earnings Call on July 29, 2021
9 Jul 21
Pilgrim's Sets Net Zero by 2040 Goal and Reports Progress
7 Jul 21
Pilgrim's to Expand Prepared Foods and Branded Products Platform by Acquiring Kerry Consumer Foods' Meats and Meals Business
17 Jun 21
Calendar
28 Jul 21
2 Aug 21
26 Dec 21
Financial summary
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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 |
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 201 |
| Opened positions | 30 |
| Closed positions | 32 |
| Increased positions | 55 |
| Reduced positions | 77 |
13F shares |
Current |
|---|---|
| Total value | 1.27B |
| Total shares | 38.53M |
| Total puts | 185.4K |
| Total calls | 257K |
| Total put/call ratio | 0.7 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 5.06M | $120.49M |
| BLK Blackrock | 4.5M | $107.17M |
| LSV Asset Management | 4.35M | $103.56M |
| Dimensional Fund Advisors | 2.12M | $50.65M |
| GS Goldman Sachs | 1.68M | $39.94M |
| Personal Capital Advisors | 1.34M | $31.91M |
| Balyasny Asset Management | 1.29M | $30.63M |
| STT State Street | 1.14M | $27.18M |
| Jacobs Levy Equity Management | 970.89K | $23.1M |
| Millennium Management | 894.3K | $21.28M |
Financial report summary
?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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H.S. freshman Avg
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New words:
abreast, analytical, Arkose, arrangement, asserting, attack, aware, backup, cessation, chilled, choose, cold, compromised, constantly, core, Cyberattack, cybersecurity, DAP, deconsolidation, destruction, digital, Document, driver, duly, EBITDA, electronic, electronically, encrypted, England, enterprise, ethnic, evolving, Exhibit, extinguishment, formatted, frequent, frequently, Furnished, GBP, hardware, herewith, incident, increasingly, Inline, Instance, Interactive, intrusion, Irish, isolate, isolation, JFC, joint, Kerry, label, lessening, letter, lieu, Lynch, manufacturer, Merrill, mild, month, network, noncontrolling, Onix, opt, Page, parent, personnel, perspective, Plump, power, preliminary, pressured, principle, prioritized, proceed, proper, Provemex, ransom, rapidly, redemption, registrant, relationship, release, rely, relying, remediation, replaced, Republic, Restoring, Schema, Seller, shortened, shutting, software, sophisticated, sophistication, SPA, spot, staple, storage, store, strength, suffer, Taxonomy, technology, telecommunication, theft, thereunto, transmit, UK, ULC, unanimously, unauthorized, unavailable, undersigned, USD, Virginia, vulnerability, vulnerable, West, XBRL
Removed:
contest, defend, expanded, flexibility, foregoing, matter, Median, operative, range, remotely, seasonal, sick, strong, substantial, vigorously
Financial reports
10-Q
2021 Q2
Quarterly report
28 Jul 21
10-Q
2021 Q1
Quarterly report
28 Apr 21
10-K/A
2020 FY
Annual report (amended)
16 Feb 21
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
28 Oct 20
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
Current reports
8-K
Pilgrim’s Pride Reports Second Quarter 2021 Results with Strong Growth in Sales and Adjusted EBITDA Margins
28 Jul 21
8-K
Regulation FD Disclosure
28 Jul 21
8-K
Entry into a Material Definitive Agreement
23 Jun 21
8-K
Pilgrim’s to Expand Prepared Foods and Branded Products Platform by Acquiring Kerry Consumer Foods’ Meats and Meals Business
21 Jun 21
8-K
JBS USA and Pilgrim's Announce Progress in Resolving Cyberattack
1 Jun 21
8-K
Amendments to Articles of Incorporation or Bylaws
3 May 21
8-K
Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
28 Apr 21
8-K
Regulation FD Disclosure
28 Apr 21
8-K
Pilgrim’s Pride Closes $1.0 Billion Sustainability-Linked Senior Notes Offering
9 Apr 21
8-K
Departure of Directors or Certain Officers
26 Mar 21
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
Proxies
PX14A6G
Letter to shareholders
5 Apr 21
DEF 14A
Definitive proxy
29 Mar 21
PX14A6G
Letter to shareholders
22 Mar 21
PRE 14A
Preliminary proxy
19 Mar 21
PX14A6G
Letter to shareholders
17 Apr 20
PX14A6G
Letter to shareholders
3 Apr 20
DEF 14A
Definitive proxy
27 Mar 20
PX14A6G
Letter to shareholders
23 Mar 20
DEF 14A
Definitive proxy
5 Apr 19
PX14A6G
Letter to shareholders
29 Apr 18
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
3
PILGRIMS PRIDE / Karoleski Joanita Maria Maestri ownership change
11 Jun 21
4
PILGRIMS PRIDE / Matthew R Galvanoni ownership change
9 Apr 21
4
PILGRIMS PRIDE / Matthew R Galvanoni ownership change
5 Apr 21
3
PILGRIMS PRIDE / Ajay Menon ownership change
29 Mar 21
3
PILGRIMS PRIDE / Matthew R Galvanoni ownership change
16 Mar 21
4
PILGRIMS PRIDE / Fabio Sandri ownership change
12 Feb 21
4
PILGRIMS PRIDE / Fabio Sandri ownership change
7 Jan 21
4
PILGRIMS PRIDE / CHARLES MACALUSO ownership change
28 May 20
4
PILGRIMS PRIDE / Arquimedes Celis ownership change
19 May 20
4
PILGRIMS PRIDE / Farha Aslam ownership change
14 May 20
Transcripts
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
2019 Q4
Earnings call transcript
21 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
2 May 19