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Pilgrims Pride Corp (PPC.OQ)

PPC.OQ on NASDAQ Stock Exchange Global Select Market

33.26USD
5:45pm GMT
Change (% chg)

$-1.75 (-5.00%)
Prev Close
$35.01
Open
$34.58
Day's High
$34.58
Day's Low
$33.18
Volume
322,121
Avg. Vol
392,327
52-wk High
$38.39
52-wk Low
$17.78

Latest Key Developments (Source: Significant Developments)

Pilgrim's Pride reports Q3 adj EPS $0.98
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Pilgrims Pride Corp :Pilgrim's Pride reports operating income of $372 million and GAAP EPS of $0.93 for the third quarter of 2017.Q3 sales $2.79 billion versus I/B/E/S view $2.3 billion.Q3 adjusted earnings per share $0.98.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.  Full Article

Pilgrims Pride Corp to close processing facility in Luverne
Tuesday, 24 Oct 2017 

Oct 25 (Reuters) - Pilgrims Pride Corp :Pilgrim’s to close processing facility in Luverne; improved efficiencies and synergy enhancement cited.Pilgrims Pride Corp - ‍decision to close facility will allow Pilgrim's to shift production and equipment to more efficient operations​.Pilgrims Pride Corp - ‍will close its Luverne, minn., poultry processing facility, which employs approximately 200 people, effective December 29, 2017​.Pilgrims Pride Corp - ‍facility closure will have no impact on company's overall production capacity​.  Full Article

Pilgrim's Pride prices senior unsecured notes offering
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Pilgrims Pride Corp :Pilgrim's Pride prices $850.0 million senior unsecured notes offering.These notes consist of $250.0 million aggregate principal amount of additional 5.750% senior unsecured notes due 2025.Notes also consist of $600.0 million aggregate principal amount of 5.875% senior unsecured notes due 2027.  Full Article

Pilgrims Pride reports Q2 earnings $0.60/shr
Wednesday, 27 Jul 2016 

Pilgrims Pride Corp : Pilgrim’s Pride reports operating income of $237 million with an operating margin of 11.7 pct for the second quarter of 2016 . Q2 sales $2.03 bln vs I/B/E/S view $2.02 bln . Q2 GAAP shr $0.60 . Q2 shr view $0.64 -- Thomson Reuters I/B/E/S . Says qtrly operating income margins of 9.8 pct in U.S. and 20.5 pct in Mexico operations, respectively .Says prepared foods to launch new ABF veg-fed chicken sausage products.  Full Article

Pilgrims Pride says got state approval for expansion project at Mayfield, Kentucky complex
Friday, 3 Jun 2016 

Pilgrims Pride Corp :Received state approval for a $24 million expansion project at its Mayfield, Kentucky, poultry processing complex.  Full Article

Tiger Global Management dissolves share stake in Alibaba, Microsoft
Monday, 16 May 2016 

Tiger Global Management : Tiger Global Management dissolves share stake in Alibaba Group Holding Ltd . Tiger Global Management dissolves share stake in Microsoft Corp . Tiger Global Management dissolves share stake in Time Warner Cable Inc . Tiger Global Management ups share stake in Etsy Inc by 29.0 percent to 11.1 million shares . Tiger Global Management cuts share stake in Restaurant Brands by 61.6 percent to 2.5 million shares . Tiger Global Management dissolves share stake in Pilgrims Pride Corp . Tiger global management cuts share stake in Priceline by 27.4 percent to 550,898 shares . Change in holdings are as of march 31, 2016 and compared with the previous quarter ended as of December 31, 2015 .Tiger global management dissolved share stake in Alibaba Group Holding is of Sponsored ADS.  Full Article

Pilgrim's Pride Corp - Foreign-matter contamination prompts Pilgrim's Pride recall - Associated Press
Wednesday, 27 Apr 2016 

Pilgrim's Pride Corp:Pilgrim's Pride ordered a massive recall of cooked chicken products Tuesday after consumers and federal meat inspectors found contamination by such foreign material as wood, plastic, rubber and metal. - AP.The recall of almost 4.6 million pounds of fully cooked chicken products announced Tuesday is an expansion of an earlier recall, according to a statement issued Tuesday by the U.S. Food Safety and Inspection Service of the U.S. Department of Agriculture.That one, announced April 7, covered almost 41,000 pounds of cooked chicken nugget products.Tuesday's recall involves products produced between Aug. 21, 2014, and March 1, 2016, bearing the establishment number "EST.20728" inside the USDA inspection mark, the agency said.The items were shipped nationwide for institutional use, and records from the Waco, Texas-based company show schools purchased the products through Pilgrim's Pride commercial channels.No confirmed reports of adverse reactions from consumption of the products have been reported, the agency said.The recall involves 10-, 20- and 30-pound boxes of clear 5-pound bags of various Gold Kist Farms, Sweet Georgia Brand and Pierce fully cooked, whole grain-breaded chicken nuggets, patties and popcorn-style fritters, each with a variety of use-by and sell-by dates, package codes and production dates.Those details are available online.  Full Article

Pilgrim's Pride Corporation expands existing share repurchase program to $300 million
Wednesday, 10 Feb 2016 

Pilgrim's Pride Corporation:Has approved an increase of the existing share repurchase authorization for its common stock over the next 12 months to $300 Million from $150 Million.New repurchase authorization will expire one year from today.  Full Article

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