Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. It also provides plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim’s, Just BARE, Gold’n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim’s Mexico, Savoro, To-Ricos, Del Dia, Moy Park, O’Kane, Richmond, Fridge Raiders, and Denny brands. It serves chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, such as grocery store chains, wholesale clubs, and other retail distributors. It operates in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation operates as a subsidiary of JBS S.A.
Analyst Projections | Analysts project record EPS of $4.50+ for 2024, with price targets ranging from $40 to $49, reflecting optimism tempered by potential market challenges and supply concerns |
Strategic Growth | Explore Pilgrim's Pride's operational improvements and expansion strategies, including increased sales to delis and fast-food chains, positioning the company for sustained earnings growth |
Market Dynamics | Delve into the factors driving chicken's popularity as a "favorite protein" and how Pilgrim's Pride is capitalizing on industry trends and shifting consumer preferences |
Financial Prowess | Pilgrim's Pride showcases robust financial performance with Q2 2024 adjusted EBITDA of $656 million, surpassing analyst expectations and demonstrating strong cash flow generation |
Metrics to compare | PPC | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipPPCPeersSector | |
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P/E Ratio | 12.4x | −0.2x | 11.4x | |
PEG Ratio | 0.00 | −0.01 | 0.03 | |
Price / Book | 2.9x | 1.2x | 1.5x | |
Price / LTM Sales | 0.7x | 0.2x | 0.9x | |
Upside (Analyst Target) | −14.2% | 348.4% | 17.9% | |
Fair Value Upside | Unlock | 11.4% | 8.4% | Unlock |