Piligrim's Pride Corp. PPC ResearchPool profile | ResearchPool

Piligrim's Pride Corp.

Pilgrims Pride is primarily engaged in the production, processing, marketing and distribution of fresh, frozen chicken products to retailers, distributors and foodservice operators. The company's primary product types are fresh chicken products, prepared chicken products and export chicken products. The company's fresh chicken products consist of refrigerated (nonfrozen) whole or cut-up chicken, either pre-marinated or non-marinated and prepackaged case-ready chicken. The company's case-ready chicken includes various combinations of freshly refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer's fresh meat counter.

TickerPPC
ISINUS72147K1088
ExchangeNASDAQ Stock Market
SectorFood Producers
CountryUnited States

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Valens Research

Valens Research

Valens Equity Insights and Inflections - 2021 05 04

Current market expectations for AYI are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to levels not seen since 2009-2011. The market is not recognizing how Acuity Brands is positioned to be a leader in the adoption of the Internet of Things, and that points to strong secular demand tailwinds, and premium returns. While the market is pricing the company for declines, it appears positioned to see a ramp in profitability, just as it had 10 years ago when it led another replacement cycles with new technology innovation for lighting. On top of this, management'...

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Valens Research

Valens Research

PPC - Embedded Expectations Analysis - 2021 04 27

Pilgrim's Pride Corporation (PPC:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with an 18.5x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about their legacy European operations, international protein demand, and the pandemic's effect on global trade Specifically, management may lack confidence in their ability to strengthen their legacy European operations, sustain strong revenue growth, and expand the retail distribution for their Just BARE brands. Moreover, managem...

Equity

Food & Beverage

Piligrim's Pride Corp.

10d 28/04/2021 10 EN

Pilgrim’s Pride Corporation to Host First Quarter 2021 Earnings Call on April 29, 2021

Pilgrim’s Pride Corporation to Host First Quarter 2021 Earnings Call on April 29, 2021 GREELEY, Colo., April 08, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will host its first quarter 2021 earnings conference call and webcast on Thursday, April 29, 2021 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immedi...

Corporate Voice

Food & Beverage

Piligrim's Pride Corp.

29d 08/04/2021 1 EN

Valens Research

Valens Research

PPC - Valens Credit Report - 2021 03 29

Credit markets are grossly overstating PPC's credit risk with a YTW of 5.293%, relative to an Intrinsic YTW of 2.023% and an Intrinsic CDS of 119bps. Meanwhile, Moody's is materially overstating the firm's fundamental credit risk, with its speculative Ba3 credit rating five notches lower than Valens' IG4+ (Baa1) credit rating Incentives Dictate Behavior™ analysis highlights mostly positive signals for creditors. Management's compensation framework should drive them to focus on all three value drivers; asset efficiency, margin expansion, and revenue growth, which should lead to Uniform ROA imp...

Equity

Food & Beverage

Piligrim's Pride Corp.

39d 30/03/2021 8 EN

Moody's Investors Service

Moody's assigns B1 to Pilgrim's Pride's $1 billion unsecured sustainability-linked notes

Rating Action: Moody's assigns B1 to Pilgrim's Pride's $1 billion unsecured sustainability-linked notes. Global Credit Research- 25 Mar 2021. New York, March 25, 2021-- Moody's Investors Service has assigned a B1 rating to proposed $1 billion senior unsecured 10- year sustainability-linked notes being offered today by Pilgrim's Pride Corporation.

Fixed Income

Food & Beverage

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43d 25/03/2021 6 EN

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Pilgrim’s Pride Corporation to Host First Quarter 2021 Earnings Call on April 29, 2021

Pilgrim’s Pride Corporation to Host First Quarter 2021 Earnings Call on April 29, 2021 GREELEY, Colo., April 08, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will host its first quarter 2021 earnings conference call and webcast on Thursday, April 29, 2021 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immedi...

Corporate Voice

Food & Beverage

Piligrim's Pride Corp.

29d 08/04/2021 1 EN

Pilgrim’s Becomes First Global Meat and Poultry Company to Offer Sustainability-Linked Bond

Pilgrim’s Becomes First Global Meat and Poultry Company to Offer Sustainability-Linked Bond $1 Billion Bond Provides Direct Link to Company’s Greenhouse Gas Emission Reduction Efforts and Net Zero 2040 Commitment GREELEY, Colo., March 25, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) today announced it is offering a $1 billion sustainability-linked bond tied to efforts to reduce greenhouse gas emission intensity across its global operations. The bond is the first of its kind to be issued by a global meat and poultry company, and aligns with Pilgrim’s vision to be the ...

Corporate Voice

Food & Beverage

Piligrim's Pride Corp.

43d 25/03/2021 1 EN

Pilgrim’s Mourns the Death of Longtime Board Member Charles Macaluso

Pilgrim’s Mourns the Death of Longtime Board Member Charles Macaluso GREELEY, Colo., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) is saddened to announce the passing of longtime board member Charles Macaluso this past weekend. “Charles was a tireless contributor to our company’s strategy, vision and success for more than a decade,” said Fabio Sandri, Pilgrim’s chief executive officer. “He was a colleague and friend who was critical to our company’s growth and transformation. His wise counsel, sense of humor and passion will be sorely missed.” Macaluso served...

Corporate Voice

Food & Beverage

Piligrim's Pride Corp.

74d 23/02/2021 1 EN

Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39

Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39 GREELEY, Colo., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2020 financial results. 2020 Highlights Net GAAP Income of $94.8 million.Adjusted Operating Income margins of 3.6% in U.S. ex legal settlements, 5.5% in Mexico and 3.1% in Europe operations.Adjusted EBITDA of $788.1 million, or a 6.5% margin.Faced with the global Covid-19 pandemic, we remain guided by our principles of an u...

Corporate Voice

Food & Beverage

Piligrim's Pride Corp.

86d 11/02/2021 1 EN

Pilgrim’s Names Matthew Galvanoni Chief Financial Officer

Pilgrim’s Names Matthew Galvanoni Chief Financial Officer GREELEY, Colo., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that Matthew Galvanoni, an executive with more than 26 years of finance and accounting experience with publicly-traded companies, has joined Pilgrim’s as global chief financial officer, effective March 15. He will report to Pilgrim’s president and global chief executive officer Fabio Sandri. Galvanoni served as vice president, finance at Ingredion Incorporated since 2016, managing all financial-related responsibilities for the...

Corporate Voice

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86d 10/02/2021 1 EN

Valens Research

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Valens Equity Insights and Inflections - 2021 05 04

Current market expectations for AYI are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to levels not seen since 2009-2011. The market is not recognizing how Acuity Brands is positioned to be a leader in the adoption of the Internet of Things, and that points to strong secular demand tailwinds, and premium returns. While the market is pricing the company for declines, it appears positioned to see a ramp in profitability, just as it had 10 years ago when it led another replacement cycles with new technology innovation for lighting. On top of this, management'...

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3d 3d / 8h / 10m 25 EN

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PPC - Embedded Expectations Analysis - 2021 04 27

Pilgrim's Pride Corporation (PPC:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with an 18.5x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about their legacy European operations, international protein demand, and the pandemic's effect on global trade Specifically, management may lack confidence in their ability to strengthen their legacy European operations, sustain strong revenue growth, and expand the retail distribution for their Just BARE brands. Moreover, managem...

Equity

Food & Beverage

Piligrim's Pride Corp.

10d 28/04/2021 10 EN

Valens Research

Valens Research

PPC - Valens Credit Report - 2021 03 29

Credit markets are grossly overstating PPC's credit risk with a YTW of 5.293%, relative to an Intrinsic YTW of 2.023% and an Intrinsic CDS of 119bps. Meanwhile, Moody's is materially overstating the firm's fundamental credit risk, with its speculative Ba3 credit rating five notches lower than Valens' IG4+ (Baa1) credit rating Incentives Dictate Behavior™ analysis highlights mostly positive signals for creditors. Management's compensation framework should drive them to focus on all three value drivers; asset efficiency, margin expansion, and revenue growth, which should lead to Uniform ROA imp...

Equity

Food & Beverage

Piligrim's Pride Corp.

39d 30/03/2021 8 EN

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Moody's Investors Service

Moody's assigns B1 to Pilgrim's Pride's $1 billion unsecured sustainability-linked notes

Rating Action: Moody's assigns B1 to Pilgrim's Pride's $1 billion unsecured sustainability-linked notes. Global Credit Research- 25 Mar 2021. New York, March 25, 2021-- Moody's Investors Service has assigned a B1 rating to proposed $1 billion senior unsecured 10- year sustainability-linked notes being offered today by Pilgrim's Pride Corporation.

Fixed Income

Food & Beverage

Piligrim's Pride Corp.

43d 25/03/2021 6 EN

Moody's Investors Service

Pilgrim's Pride Corporation - September 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Fixed Income

Food & Beverage

Piligrim's Pride Corp.

140d 18/12/2020 1 EN

Moody's Investors Service

Moody's announces completion of a periodic review of ratings of Pilgrim's Pride Corporation

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Pilgrim's Pride Corporation. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Pilgrim's Pride Corporation and other ratings that are associated with the same analytical unit.

Fixed Income

Food & Beverage

Piligrim's Pride Corp.

205d 14/10/2020 4 EN

Moody's Investors Service

Pilgrim's Pride Corporation - June 2020 (LTM): Peer Snapshot

Peer Snapshot: Pilgrim's Pride Corporation - June 2020 (LTM) 8 September 2020 (in US millions) FYE Dec-18 FYE Dec-19 LTM Jun-20 FYE Dec-18 FYE Dec-19 LTM Mar-20 FYE Dec-18 FYE Dec-19 LTM Jun-20

Fixed Income

Food & Beverage

Piligrim's Pride Corp.

241d 08/09/2020 1 EN

Moody's Investors Service

Pilgrim's Pride Corporation - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Fixed Income

Food & Beverage

Piligrim's Pride Corp.

336d 05/06/2020 2 EN

PILGRIMS PRIDE reduced its risk exposure resulting in an upgrade to Positive

PILGRIMS PRIDE (US), a company active in the Food Products industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date March 9, 2021, the closing price was USD 24.43 and its potential was estimated at USD 26.22.

Quant

Food & Beverage

Piligrim's Pride Corp.

59d 10/03/2021 6 EN