Pilgrim Stock News

Deal strengthens presence in the United States and Europe Rigamonti assumes the historic brands King''s and Principe , and the group''s entire operation in the United States , on top of four production facilities in Italy SÃO PAULO, Dec. 14, 2021 /PRNewswire/ -- JBS, the world''s leading global protein-based food company, has signed an agreement to acquire 100% of King''s Group by its subsidiary Rigamonti, currently the leader in production of bresaola. With this acquisition, JBS will have a presence in Italy''s three largest regions for specialties of pork with the D.O.P. and I.G.P. seals -- Protected Denomination of Origin and Protected Geographical Indication. These classifications used by the European Union recognize the quality and unique characteristics of food produced in specific locations. With the investment of 82 million ( US$ 92.5 million ), the company acquires four plants in Italy , two in the province of Parma, one in Vicenza and the fourth in Udine, as well as the entire operation of Principe in the United States , which includes a plant dedicated to slicing cuts in New Jersey .

Pilgrim''s Pride Corporation found using ticker (PPC) now have 5 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 30 and 26.5 with a mean TP of 28.2. With the stocks previous close at 28.16 this now indicates there is a potential upside of .1%. The 50 day moving average now sits at 28.58 and the 200 moving average now moves to 25.52. The market cap for the company is $6,842m. Company Website: https://www.pilgrims.com [stock_market_widget type="chart" symbol="PPC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Pilgrim''s Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, rest of Europe, the Middle East, Asia, and internationally. The company offers fresh chicken and pork products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chickens; frozen whole chickens; breast and mini breast fillets; pork cuts; added value pork and pork ribs; and prepackaged case-ready chickens, such as whole chickens and chicken parts.

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Let's see if Pilgrim's Pride (PPC) stock is a good choice for value-oriented investors right now from multiple angles.

In Q3, Pilgrim's Pride's (PPC) top and the bottom line increase year over year on strength across all its regions. Also, the foodservice business improves on a year-over-year basis.

Pilgrims Pride Corp (PPC) CEO Fabio Sandri on Q3 2021 Results - Earnings Call Transcript

Pilgrims Pride (NASDAQ:PPC) reported its Q3 earnings results on Wednesday, October 27, 2021 at 08:00 PM. Here's what investors need to know about the announcement.

Pilgrims Pride (NASDAQ:PPC) reported its Q3 earnings results on Wednesday, October 27, 2021 at 08:00 PM. Here's what investors need to know about the announcement.

GREELEY, Colo., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ: PPC) announced today that it will release its third quarter 2021 financial results after the U.S. market closes

Pilgrim's Pride (PPC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Pilgrim's Pride (PPC) completes acquisition of Kerry Consumer Foods' Meats and Meals business, which will operate as a business division under the company's European operations.

SMP, AMOT, HNGR, PPC, and TRNS have been added to the Zacks Rank #1 (Strong Buy) List on September 27, 2021.

GREELEY, Colo., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (Nasdaq: PPC) (“Pilgrim's” or the “Company”) today announced the completion of the previously announced acquisiti

GREELEY, Colo., Sept. 20, 2021 (GLOBE NEWSWIRE) -- The board of directors of Pilgrim's Pride Corporation (NASDAQ: PPC) has formed a special committee of independent directors to review and evaluate th

Pilgrim's Pride's (PPC) focus on key customers is a pathway for refining portfolio and building competitive advantages. Solid performance across all regions in the second quarter bodes well.