Pilgrim's Pride is a leading player in the food industry, primarily specializing in the production and processing of chicken
The company operates multiple facilities across the United States and Mexico, focusing on delivering high-quality poultry products to retail and food service customers. Pilgrim’s Pride engages in a range of activities, from breeding and hatching to processing and distribution, providing a variety of fresh and frozen chicken items, including whole chicken, cut-up parts, and value-added products. Committed to sustainability and animal welfare, the company aims to meet the growing demand for protein while adhering to stringent quality and safety standards.
Pilgrim's Pride’s 17.7% return over the past six months has outpaced the S&P 500 by 8.5%, and its stock price has climbed to $46.46 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the perishable food industry, including Pilgrim's Pride (NASDAQPPC) and its peers.
In the evolving landscape of the food industry, a few companies stand out as trendsetters, setting the stage for robust growth in the coming year. Investors seeking exposure to the dynamic food space should pay close attention to these three stocks.
Chicken producer Pilgrim’s Pride (NASDAQPPC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 5.2% year on year to $4.58 billion. Its non-GAAP profit of $1.63 per share was 18.1% above analysts’ consensus estimates.
September is living up to its connotation of being the most volatile month for the stock market but Dole (DOLE) and Pilgrim’s Pride (PPC) are two consumer food stocks that may be able to offer defensive safety in the portfolio.
Tyson Foods announced its agreement to sell its Vienna, Georgia poultry complex to House of Raeford Farms. This sale is part of Tyson's strategy to optimize its plant network.
